South Korea Bans ICO's/Your Opinion

[MisterKT]

I have mixed feelings about ICO.
I agree with you when a lot of people are rising ICO without a working MVP, they just want to make money with an idea, but nothing correctly planned.
On the other hand for people who have an outstanding idea, a feasible plan and a working product, I think we have to look closer, and give those people a chance to develop their plan.

[LouVandetta]

Well since bitcoin price not really affected by it, so I'm still fine with it.
If it's done for the good reasons then government could do anything they want to.
But now I think it's getting more complicated. I hope it will end well. And who knows which country will do the same.

[HTracer]

It's not worrisome development. It rather positive to future ICO. I think it would be better to have few places in the world but reputable ones and with clear rules. Zug valley for instance. Switzerland offers  mild environment for startups and ICO. I have no intention to shill a swiss hallmark, just an example.
So I don't feel that news about one more country ban ICO would cause market crash.

[Lancusters]

I'm sure it's another fake. Now is not the time when you can abandon income. I think the Koreans know the rumors come from China and just decided to take the opportunity and earn the same way. After Switzerland buried his independent banking system I don't trust her. I think the oasis of cryptocurrency will be in a different place.

[dothebeats]

It's about time to have a strict regulation about ICOs. It's just another way of saying "I have the greatest idea about a certain thing but I don't have the funds to make it happen and I'll give you a portion of my profits in return", or in short, Ponzi. Other cryptocurrencies are being hurt by the negative impression a flop ICO creates causing other people to generalize that cryptocurrencies, including bitcoin is up to no good. Startups which really deliver amazing results are different from ICOs that are full of lies and visions made from thin air. Just my two cents.

[IIIIIIIII#VIP#IIIIIIIII]

I'm sure it's another fake. Now is not the time when you can abandon income. I think the Koreans know the rumors come from China and just decided to take the opportunity and earn the same way. After Switzerland buried his independent banking system I don't trust her. I think the oasis of cryptocurrency will be in a different place.

Totalitarian regimes always try to limit the freedom of people. So I'm not very surprised that this happened. South Korea is a country with very strict laws. I think this is a temporary measure.

[faithupgrade]

Hmm, looks like theres a person behind this Bitcoin price manipulation. First its China, now Korea? They really want BTC to dump? Ok I'll tell what will happened next.

Korea will banned their local exchange sites too. Next another prominent guy will curse Bitcoin in a live TV show.

This will surely dump BTC. Whats next? Whale will buy all the dumped BTC.

[Rotsor]

South Korea's ban on ICOs is a great thing. Authorities are starting to discern between the fakes and Bitcoin. If the authorities start backing Bitcoin then the near future looks bright for Bitcoin.