Freedom for ICOs?!?!

[alex2011576]

I am pretty sure that there is no good relationship of regulatory bodies and the crytpo currency itself. Have you guys ever imagined how official around the world are craking the fire around about how they willing to regulate the crypto or want to ban it completely. Nonetheless we do realise that they will be regulated one day and then we might just see some good days coming for the ICO otherwise whole thing going down surely.

And yes I do think that it affects the economy of crypto adversely and if needed we might just need to get out of it ourselves. ;-)

Interesting point of view, didn't thing so much about complexity of realizing any regulations in this field and how it will affect currencies. Thx, mates. You all broaden my understanding of the process

[Hazir]

Good ICO can defend itself - people will be able to differentiate between scammers and really good concept backed by the reliable team.
But I don't think that we need the total freedom for ICO - I am convinced that we need some agency, or bureau which will evaluate every new ICO.
This will be more beneficial for both good ICO and for investors. Some kind of basic evaluation would be the best possible way to tell whether the ICO is reliable or not.

[Roukawa]

There are hundreds of ICO's exist today that are scam! They are just collecting the money of the investors and sadly to say that it can be the reason why some of us are fear of investing in ICO. It will lead to totally loss of investors in ICO.  I think it is better to have regulation which can be the proof that the ICOs are valid and needs to support. It is more interesting when scammed ICOs will be kicked off.

[ajmapalo22]

Providing a good reason why the project should be trusted is one thing ICO's should consider to get the interest of many investors especially these days that people are getting more careful because of too many scam ICo's, developers need to exert effort in making their projects appeared interesting but also those investors must be careful in choosing ICO and make their most wiser decision.

[just_Alice]

It is indeed true, many ICOs are scammers now, but I don't think that there are a lot of cases when this is an issue. Good and proficient investor will distinguish scamming from trustworthy ICOs, while novice might not see anything suspicious about obvious scammers. Some sort of regulation might be helpful though, but again, how can you trust that?

[legenduim]

Although I cannot imagine the situation when cryptocurrency is regulated, these ICO project must be controlled. Too many people have already lost millions of dollars as they invested into scam projects.

[alex2011576]

Although I cannot imagine the situation when cryptocurrency is regulated, these ICO project must be controlled. Too many people have already lost millions of dollars as they invested into scam projects.

There are many people who think in the same way. Our problem is that it is hard to create methods to regelate ICOs but no currencies. Do you have any ideas, mates? What are the possible decisions?

[Lama_in_da_house]

The whole idea of ICOs and Cryptos is FREEDOM! And know you are asking about regulations? You are like those people who never can choose their side. If it will be regulated, what is the difference between ICO and IPO then? I know that there are many scammers but it did not prevent me from doing research on your KickCity and participating in their Airdrop. No regulations!

[STT]

In my opinion, somehow ICO's regulation will be in favour of investors. Scam ICO's has left a negative image in mind of the investors, in consequence, genuine ICO companies like KickCity etc also do not get proper investors attention and unable to collect necessary crowdfunding.
Regulation in ICO's will give confidence and encourage investors to invest in ICO without any hesitation and fear.

Yeah, it is exactly what I want to say! But I heard from many people that they don’t want ICOs to be regulated! And I am like why? Do u want absolute freedom for what? I just can’t understand their state of mind. What do they want? So I wanna hear any reasons like pros and cons of both, maybe I can’t see anything?

No I totally disagree, investment risk is personal.   If an ICO expects to be successful then a long term reputation is reasonable and various assurances by third party bodies also operating longer term would be the normal way to proceed with business.

Just because the technology is new its doesnt mean every aspect of fund raising and starting a new business is unprecedented and new in its layout.   They can just follow tried and tested ways to accumulate guarantees for investors.  

It is more expensive to introduce ideas like escrow or bring on partners to launch ideas and companies but that is the normal cost of operating business.     Thats not really regulation, its upto to the investors and those risking time and effort to see that a company proceeds correctly not unilaterally without proper accounting.   Not all risk is reliant on government for assurance, I see that as a backwards step for crypto capitalism.    Crypto is a decentralised system not leaning on public authoritys for security.


Government is biased to debt, its own prospects and politics.    It has become a negative for business, its not a good idea to go back to a failing system.   True capitalism is distributed by the market not a central body.

[bergacoffee]

As I can see, 80-90% good ICOs are reaching at least their softcup.  I don`t see any problem here.

[kryptorian]

It is indeed true, many ICOs are scammers now, but I don't think that there are a lot of cases when this is an issue. Good and proficient investor will distinguish scamming from trustworthy ICOs, while novice might not see anything suspicious about obvious scammers. Some sort of regulation might be helpful though, but again, how can you trust that?

If only it were that simple. Mass scamming of the last year have made people reluctant to invest even in promising and seemingly legit ICO's. As a result, they don't get enough financing and thus have to return the funds to their investors. Within a week I saw a couple of projects failing to raise the required amount. And it looks like a vicious circle of sorts. ICO's fail to reach their soft cap while investors are further discouraged from investing in them. It is the same as it was with altcoins. At first, there was a lot of hype and plenty of money lost in scamcoins, then truly original and worthy coins had difficulty making it through.

[just_Alice]

It is indeed true, many ICOs are scammers now, but I don't think that there are a lot of cases when this is an issue. Good and proficient investor will distinguish scamming from trustworthy ICOs, while novice might not see anything suspicious about obvious scammers. Some sort of regulation might be helpful though, but again, how can you trust that?

If only it were that simple. Mass scamming of the last year have made people reluctant to invest even in promising and seemingly legit ICO's. As a result, they don't get enough financing and thus have to return the funds to their investors. Within a week I saw a couple of projects failing to raise the required amount. And it looks like a vicious circle of sorts. ICO's fail to reach their soft cap while investors are further discouraged from investing in them. It is the same as it was with altcoins. At first, there was a lot of hype and plenty of money lost in scamcoins, then truly original and worthy coins had difficulty making it through.

Wow, that's frustrating. But still, isn't there any kind of clue you could use to determine scammers, like lack of project development and technology details, or unknown covert team? I know that qualified scammers can falsify everything, but is there really that much of them?

[aervin11]

Yep, that's why we also need to create a safer way to promote ICO's by using the blockchain. Saw this kind of program from Acorn Collective. In this idea they would get every detail needed and if the proposing ICO meet the standards then Acorn would help them to crowdfund. I have no other idea to solve the problem and I just see Acorn to solve this all in the future.

Disclaimer: Im not promoting Acorn Collective, it just fits to this kind of topic.

[Idrisu]

Hi,

Nowadays thousands of ICO companies come into the world and die! The problem is that big part of those ICOs are means of just getting money and nothing else. It causes lack of trust and people are afraid of investing their money in ICOs.

But there are many very interesting ICOs with high potential and ready product, which suffer from widespread opinion that majority of ICOs are scammers.

E.g. KickCity is a company that has existed for two years. KickCity an event platform that generates revenue and has a Helsinki government grant. KickCity needs ICO to make business bigger and to become a decentralized platform where every user is rewarded for ticket promotion. Such companies shouldn't meet obstacles because of scammers!?

What is your opinion on modern ICO regulations and investors' attitude to ICOs?

P.S. all mentioned above is my personal opinion and I glad to hear any attitude  

In as much as many projects developers used ico to raise fund and many of them are scams, we should not rule out the beauty of some of them. I promote many of them and some of them have done well and many of them remain the best projects in 2017 . I have not come across the one that you have listed and I will try to study them before investing.

[Basmic]

I see no mechanism which can stop fraud on the market ICO. Who will determine the reliability of the company? You propose it should do the officials? I don't believe them. The cause of ICO is associated with the fact that people do not see the possibility to provide their projects with funding. There are now investment funds but they do not satisfy the requirements of the time.

[Arngrim]

I highly agree with you.
It became like a mother cow where they will milk it until it is all dried out.
Then say goodbye to the project in which they all have worked hard for.

It is sad but that is reality. It is not really support that they have given but just money to double it after the ICO.
I hope they can at least wait until that project is secured then they can withdraw if they want.

[hinterland]

People should take responsibility for their own actions IMO.
ICOs provide a unique way to raise funds, if you are only investing for monetary gain then its at your own risk like any other investment.

Unless there is compelling evidence to suggest it's a benefit to everyone I would never support restrictions.

[CrazeCoinz]

There's no regulation in making an ICO's so that's the freedom on the developer to create on there own. But as a investor we have the right to choose where we want to invest. If only if all people who wants to invest in any ICO's will do there research about the project, read the whitepaper or the road map, know who are in the core team, and be responsible then we can minimize these developer who only wants to scam us. As i observe, most people will invest directly without knowledge about the project. So sad they are prone to be scam.

[St4yInTh3D4rk]

I think no one can control the creation of ICOs,anyone create their own tokens or coins if they want.But the investors have to be aware of the scam projects so these kind of projects will fade away soon if people know how to find the scam and legitimate ICOs.

[wuvdoll]

I see no mechanism which can stop fraud on the market ICO. Who will determine the reliability of the company? You propose it should do the officials? I don't believe them. The cause of ICO is associated with the fact that people do not see the possibility to provide their projects with funding. There are now investment funds but they do not satisfy the requirements of the time.

So what are we all going to do? It’s not our fault that we invest in wrong ICOs that turns out to be scam at the end, and you can never tell which is scam, you can’t tell cause it’s hard to do that. You can’t label every new ICO a scam just because most of them turns out to be scam at the end.

Even these old ICOs with reputation today, they were once on the list of new and untrusted ICOs, but still made it to the list of the best. Maybe the best solution to this is just for us all to be investing little money in ICOs and not invest too much. That’s what I have to say and I will say it again– INVEST WHAT YOU CAN AFFORD TO LOSE !!!.