bloated economy

[lucifer2]

here information detail about Ico. good luck
https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11.

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[Silberman]

Are all of these recent icos good for the economy of crypto? I have seen a couple of brilliant one's (ethlend). But some, are garbage.

A good project is always welcomed you can never have too much of a good thing, but the issue with the bad icos and the scam icos is that they lower the faith in the ico system for a lot of people, even if I like a project sometimes I doubt of whether to invest or not out of fear that this is just a very well disguised scam, not only that but scam icos are the reason we are seeing an increasing amount of regulation all over the world and that is not a good thing.

[pleght]

İ think the economy is inflated.In a short period of time a very ridiculous volume had formed.But I think it's starting to normalize.

[darkangel11]

The problem is impossibility to figure out quality of ICO, so anyone can just start next shitcoin without any consequences now. Hope this can be changed soon.

And how does that differ from the ability of a typical person to start a bad business? Paraphrasing your post, anyone can start a company that offers a stake in their fashion designing thing and as we all know most fashion designers make products that aren't being worn by anybody but the models. Yet, nobody prevents another weird designer to try to push their crazy ideas into the market. If you think that there will come a day when worthless things will stop being made then you're in for a nasty surprise.

No, I don't think so, but a level of responsibility is a quite different when you disappear with investors money after IPO.

I thought we're talking about good vs bad projects, meaning that one coin can be made to improve something and target a specific niche while another coin can be made by a team that only wants to sell their share and move on to the next projects (they don't care about updates, business support and so on). We're not talking about a theft. If someone sells you a promise and then disappears with your money is a scam prosecuted by law.

[BitHodler]

İ think the economy is inflated.In a short period of time a very ridiculous volume had formed.But I think it's starting to normalize.

Of course it's inflated. It has been hyped up so badly, that people aren't thinking anymore before investing their coins or money into whatever ICO project. It's a shut up and take my money mentality that dictates there.

Something is horribly wrong when seemingly nonsense/scam ICOs manage to obtain millions in capital in a matter of minutes. This market needs to be properly regulated sooner than later.

Ethereum is the perfect example of what massive inflation looks like. Seriously, without ICOs, Ethereum wouldn't manage to come even close to its current levels with so much circulating coin supply ~ it's mind boggling.

[Lanatsa]

Are all of these recent icos good for the economy of crypto? I have seen a couple of brilliant one's (ethlend). But some, are garbage.

We all know the more the merrier but not totally a reason for it to be a bad thing on the economy of crypto but the same as being said above most of them are totally trash this is why as an investor we should really be careful on selecting the potential ones. I did hear about ethlend I'm not still sure if that project is included into those shit ones.   Don't mind on that stuff about being bloated as long it is trending and we can make money it doesn't really matter at all.

[whyrqa]

İ think the economy is inflated.In a short period of time a very ridiculous volume had formed.But I think it's starting to normalize.

Therefore, it is not necessary to prove that many users who made investments fail, will eventually fail. To date, we see that Bitcoin can not go up to 20,000 dollars, and for quite a long time lingers around 11,000 dollars. And This says a lot.

[DaftAjax]

Are all of these recent icos good for the economy of crypto? I have seen a couple of brilliant one's (ethlend). But some, are garbage.

Well you can't blame them if their Initial Coin Offering does not meet its suppose to be budget pool. But that doesn't mean that they didn't worked hard for it, its just that, at some point they've didn't try some other technique in order for them to let people know about their offer. Or maybe, they've just lack some information that didn't quite catch the interest of those people that suppose to benefit the project and didn't get that much of help from the investors.

If you ask me, the more the merrier. And I didn't mean that in the bad way, trying new things isn't so bad, so why not. Its also just a matter of competence.

[pitiflin]

Everyone with a good sense of mind knows that ICOs are shit and still they exist. Why is that? Because there is no regulation on creation of new ICOs, like how companies have SEBI or regulatory authority has on companies who want to raise funds. That's why people go for decentralization, right. No control by the government. People say regulations are bad when it comes to crypto but regulation would actually help people from getting scammed over and over again. I have heard of stories like how one guy was behind so many icos and people invested in all those and he scammed all of them and ran away.

[paul00]

Yes, there are alot of icos nowadays out in the crypto community and not everything is a good one to invest but there are alot of ico that you can see has a potential to grow. This only depends on the project that it offers. I think we cannot stop for icos to grow and bloat the economy since this community is online and continuosly growing as well.

[Silberman]

İ think the economy is inflated.In a short period of time a very ridiculous volume had formed.But I think it's starting to normalize.

Of course it's inflated. It has been hyped up so badly, that people aren't thinking anymore before investing their coins or money into whatever ICO project. It's a shut up and take my money mentality that dictates there.

Something is horribly wrong when seemingly nonsense/scam ICOs manage to obtain millions in capital in a matter of minutes. This market needs to be properly regulated sooner than later.

Ethereum is the perfect example of what massive inflation looks like. Seriously, without ICOs, Ethereum wouldn't manage to come even close to its current levels with so much circulating coin supply ~ it's mind boggling.

The only problem is that regulating this kind of behavior is impossible, this is the dot com bubble and the real estate bubble all over again, people begin to see they can earn a lot of money by not doing much and they decide to take their chances, even when they did not knew a thing about real estate, the internet and in our current scenario the blockchain.

[Glorious04]

I dont even know how these coins help the economy of a certain country, whether be good coins or shitcoins. All i know is the investors benefit, of course from the good coins and the ICO holder do benefit greatly and to the economy, i cannot see any help aside from certain individuals.

[kryptqnick]

Are all of these recent icos good for the economy of crypto? I have seen a couple of brilliant one's (ethlend). But some, are garbage.

I think all the coins are good in a way, because they add something to the overall marketcap and thus make the market more noticeable to those who don't really know about it. However, it is true indeed that some projects are very bad and they lower the reputation of cryptocurrencies, since they make a lot of people lose their money.

İ think the economy is inflated.In a short period of time a very ridiculous volume had formed.But I think it's starting to normalize.

Of course it's inflated. It has been hyped up so badly, that people aren't thinking anymore before investing their coins or money into whatever ICO project.

Ethereum is the perfect example of what massive inflation looks like. Seriously, without ICOs, Ethereum wouldn't manage to come even close to its current levels with so much circulating coin supply ~ it's mind boggling.

Yes, the prices are too much for now and perhaps they aren't really normalizing yet. The problem is not that some coins like eth are worth a lot because some projects are built on their platforms. The coins are mostly used for trading. People care about the projects sometimes, but they still mainly care, because they want to predict whether it's gonna be a profitable one. At the same time, coins are supposed to work as means of payment of different sorts, not some subjects of price fluctuation games.

[aardvark15]

Are all of these recent icos good for the economy of crypto? I have seen a couple of brilliant one's (ethlend). But some, are garbage.

Everyone is trying to jump in on the bandwagon with a new ICO. My guess is that many if not most of them are garbage and won’t last. A few of the really good projects will make their way to the top and be successful. There are probably some good ones that won’t survive because of all the competition, but I think a few of them will make it.

[kimochidesh]

Are all of these recent icos good for the economy of crypto? I have seen a couple of brilliant one's (ethlend). But some, are garbage.

Many ICO is scams or with a project having no scope. Investing in such ICO is a sheer waste of time and money. So investing an ICO having a strong team with a clear vision and a promising product can only give you appropriate return on your investment. So it is very important to study extensively about the project and team before investing in an ICO.

[farhaan]

ICO marketing is turning into an industry of its own, no matter how bad your idea is, how non-implementable your roadmap is, how economically unsustainable your model is, still marketing is worth to get a few thousands of dollars and get away with it, this is what the majority of ICO boom is turning into. There are definitely some awesome projects, but you can't stop the bad ones from bloating the cryptospace, majority of them would collapse sooner or later. ICOs are in its initial stages, there would be brilliant/good/average/bad/scam projects, but I think once the cryptospace has a steady flow of brilliant and good ICOs, no one would bother about the bad ones.

And sadly people are wasting their money in these types of projects knowing that it could end up being a total scam and the dev/coin team would be running away with their money. The number of ICOs that I see that would have no practical use for people nowadays have increased worryingly, that's why the government also became strict on ICOs popping here and there and other countries just banning them at all. This is the lowest point of crypto, I should say, since most people care about their profits only and the actual purpose of cryptocurrencies have been forgotten.

Absolutely.Today there is a condition in which any person who want to scam people could start an ICO and just run away with enormous amount of people's money. Yet there are some promising ICOs too coming as even institutional companies launch ICOs to raise the required funds for their projects. But in between such large number of scam ICOs, they even get unnoticed . it's a huge drawback of ICO that there is no governing body to regulate it.

[Silberman]

Everyone with a good sense of mind knows that ICOs are shit and still they exist. Why is that? Because there is no regulation on creation of new ICOs, like how companies have SEBI or regulatory authority has on companies who want to raise funds. That's why people go for decentralization, right. No control by the government. People say regulations are bad when it comes to crypto but regulation would actually help people from getting scammed over and over again. I have heard of stories like how one guy was behind so many icos and people invested in all those and he scammed all of them and ran away.

There is an easy way to avoid being scammed by icos, and that is to not invest in icos, maybe in the past when icos were just beginning people supported a project because they believed in it but now people invest in icos just to make money and many do not even take the time to see if the project is a viable option, as long as they can make money they do not care if a project is a scam.