What is the problem of trust in projects?

[Komorhan]

There are so many scam projects going on. people are now afraid of joining ico.
1.  i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.

2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.

3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.

4. there are hundreds of projects in each stock exchange. Someone stop them.

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[googs84]

Pretty good idea to close the ICO's as they are actually becoming the viruses of crypto world.

In addition to this they shovel just keep the other tokens which are already present in the CMC now so that we can focus on these tokens and people can actually put real value to them. I mean everything will get focused on them and not the junk that is coming every other day in the market.

Then that would be the best way to run crypto currency market. ICO's are really really worst these days.

[Grayy]

Pretty good idea to close the ICO's as they are actually becoming the viruses of crypto world.

In addition to this they shovel just keep the other tokens which are already present in the CMC now so that we can focus on these tokens and people can actually put real value to them. I mean everything will get focused on them and not the junk that is coming every other day in the market.

Then that would be the best way to run crypto currency market. ICO's are really really worst these days.

Closing down all up and coming ICOs is no the best solution. There are very good projects emerging despite the tonnes of scam projects in the crypto world. I believe strict regulations of ICOs and strict KYC processes( applied to project managers) can help nip the scam projects in the bud.

[European Central Bank]

Closing down all up and coming ICOs is no the best solution. There are very good projects emerging despite the tonnes of scam projects in the crypto world. I believe strict regulations of ICOs and strict KYC processes( applied to project managers) can help nip the scam projects in the bud.

the most likely outcome may well be ICOs being fully regulated which would be enough to scare off the scammers and crappy projects. in theory an ICO is a valid route, but the way it's done now is so rancid that it won't be permitted to continue.

i expect we'll see fully approved ICOs made available to major investors and the shit will continue to stink away in the shadows, but the days of mass publicity attracting hundreds of millions from random morons are coming to an end.

[Leyss]

You do not need to delete or ban anything. How then will you differ from those states where the crypto currency is prohibited only on the grounds that it can be used to facilitate the commission of crimes?
 Now, in any case, there are some good promising ICO projects and this activity is worth it, if even a small part of these projects are successful. I think that today all investors are aware of the cases of numerous frauds in ICO projects and that such investment is a big risk. Now investors need to be very cautious about investing in ICO, given that many projects are fraudulent. Nobody makes them invest in ICO, it's their own choice.
In the near future, states should begin to regulate the activities of the ICO in order to make it more transparent and protect the rights of investors. This has already been stated in France, Russia, Japan, Australia. In this way it is necessary to solve this issue with fraud. Prohibiting the easiest. Some of the released tokens are very useful for the society and therefore this activity deserves a continued existence.

[btc-facebook]

It's reasonable since bitcoin source code are public so everyone can "copy" bitcoin works into something different or even compete bitcoin existense.
We as investor must more carefully choose the correct ICO before something bad happen !

[Komorhan]

I would like to give an example. Let's say you join 10 ico in a month if you are rich. Somewhat in harm. but if someone comes out scam when you join 2 or 3 iico. there is no other caren except praying.

[parlament9]

Why the author is so angry on ICO?
We will remember the same ethereum which has given a lot of X even today
Yes, I agree that there are a lot of skam projects in the market today, for certain, volume regulation will be able to solve this problem, nowadays there is almost no regulation in the market.

[mu_enrico]

IMO let market decide, if there are so many scam then investor will become smarter every day (not a youtube channel)
They who got scammed will learn their mistakes, and be more careful
I see no problem in ICOs

[Fatimah Azzahra]

It's reasonable since bitcoin source code are public so everyone can "copy" bitcoin works into something different or even compete bitcoin existense.
We as investor must more carefully choose the correct ICO before something bad happen !

Thank you for your feedback.
this answer can help me as a lesson for me as a beginner to be more careful when one day want to be an investor.

[Komorhan]

Why the author is so angry on ICO?
We will remember the same ethereum which has given a lot of X even today
Yes, I agree that there are a lot of skam projects in the market today, for certain, volume regulation will be able to solve this problem, nowadays there is almost no regulation in the market.

because the crypto has been trashed because of the money world ico. there are no producers of quality projects and only a token is produced and put on the market and there is an aimless bulge.

[bigmaster23]

Well having said that. people nowadays does have a futuristic imagination of being scam however if we politely express these thought of banning the ICO project running or still planning we're not giving those people who want to be successful in life we're no different of being scammer ourselves because we scam someone opportunity to devote her/his life expertise into something grateful never been done to themselves ever, (as of why) I never remember mentioned that some of these ICO changes life of others truly dramatic we see each ICO have their own role to fill to somewhat solve a problem better than other solution before these ICO introduce.

[BillCoin]

You can not remove ICO even if you want to, as it's a decentralized system for fundraising, you can't really prevent people  from opening smart contracts on the ethereum's blockchain.
I do think that ICO is very risky for the cryptocurrency community as it usually make innocent people that are not familiar with the risks that are involved in ICO investments , and sometimes make them fall for scams and then they think that the whole cryptocurrency market is based on scams which is obviously not true.

[Commie]

If only people read before they spend... I've checked out a lot of ICOs and most of them were nothing but a token, template made website and nothing solid in the whitepaper. I have no idea why anyone would waste his money on something like that.

[Jackblack90909]

I think it is not relaistic nor possible to close down all the ICO projects, because most of them use the decentralized platform of Ethereum and its blockchain network to create their ERC20 tokens. Its better to teach people more how to protect themselves from investing with the untrusted projects, and how to choose carefully the best promising and legal projects before investing.

[vintages]

It's not all about removing ICOs, the purpose of ICOs project is to solve problems using the blockchain technology. It's just a big shame that most developers use it as a means to scam serious investors. The best thing to do to prevent scam project is to put regulations that will stipulate how an ICO project is to be conducted and if possible every developer should pass through a proper scurtiny before they can set up a project.

[weav]

You can't outright ban something because some people use it to scam , this way you could ban a lot of things. In the first place people need to be way more careful where they invest their money , and even if you did that you can get burned. That is also part of the risk of investing in crypto.

[kodtycoon]

There are so many scam projects going on. people are now afraid of joining ico.
1.  i think ico should be removed. because the frauds have multiplied and people are now having difficulty in distinguishing the truth.

2. if there is no money to develop the project, please do not try to project it. also from the ico when it comes to the stock market is not 3k 5k. even lower than the price you get. because the investor does not know which one to buy.

3. no one is buying token, my regimen does not want to spend 3 or 5 years. when it gets 10% higher than it bought.

4. there are hundreds of projects in each stock exchange. Someone stop them.

I do not understand what you're talking about, you ask for the ICO to stop or be banned, but why do you still support it? You are using a signature for one of the ICO projects that are running a campaign and you support it by participating in that signature campaign, that means you support the ICO project. Are you joking to ask people to ban and destroy ICO, even you still support it? LOL

[renes]

I think the problem is not only about ICOs, ICO scammers have no fear, they can create a company and run away after raising money in ico, why that is so easy is because of that people invest in ICOs very easily.

[Slow death]

many people have already posted interesting things in this thread, I'm just going to add some things, well there are times that people behind ICO do not run away with investor money, but those same people who are behind ICO can not deliver what they promised to investors, spend months and years and nothing, the project does not walk. In the last months months I have seen some things that shocked me, the truth is that many people who are in the world of crypto and who create coins can not fulfill what they promise and this because to face the challenges of the real world is very difficult and will make it more difficult when governments impose regulation.