will the worlds society now be flooded eternaly with icos?

[Tankdestroyer]

bad for the people as a whole like bitcoin?

Are you saying here that bitcoin is bad for the people? I think not since it grants them full control over their money(because of decentralization).

will we now since banks are losing their cartells, end up with a society that is constantly beeing flooded by cryptocurrencies?

Society will not get flooded by cryptos, since most are destined to be used only as an alternative means to pay. Banks won't lose their cartels either and people will still continue to use their services in the future, even if there is a decentralized way to store money.

[pitiflin]

Simple reply would be that:
We won't be flooded. ICOs will exist,they will be strictly regulated. If that doesn't help,most likely countries would start banning them one by one.

[Coin-1]

I think that an ICO is the best way to increase capitalization of the start up projects. Some teams cannot take out a loan in banks, therefore they use a crowdsale instruments. I guess that yes, the ICO count will be increased year by year, and the total capitalization of the entire crypto exchange market will bloat. Take a look at the crypto currency list. Some Ethereum tokens (for example, EOS, TRON, etc) reached hard cap during ICO are already in the top of CoinMarketCap! ICO campaigns is not bad at all. Let the best of them flood the world society.

[The_Dark_Knight]

will we now since banks are losing their cartells, end up with a society that is constantly beeing flooded by cryptocurrencies, and more "propaganda coins" that arent worth anything but are even bad for the people as a whole like bitcoin?

regards

That is not what is going to happen, you must understand that right now we are at the earliest stages of cryptocurrencies this means that many of the projects that are currently in existence are going to disappear, this happened as well with the dot com bubble, but once the market reaches a greater degree of maturity very few coins are going to survive and after that anyone that wants to create a project to compete against existing ones will have to invest a significant amount of time and money so there will be no more useless coins in the future.

[xuan87]

Yes, that is why we need regulation to control the ico, everyone got the right to create ico that they think can help the society and they are tempted to get the money from creating ico, if there are no regulation we will see ico with the same feature keep popping out, and it will be weakened the crypto value

[chengyinoing01]

I don't think so. Banks won't be eliminated. While many of the new ICO advocates good ideas, there are very few instances where we can't be sure what will happen in the future, but I certainly don't think Banks will be replaced.

[Snaic]

will we now since banks are losing their cartells, end up with a society that is constantly beeing flooded by cryptocurrencies, and more "propaganda coins" that arent worth anything but are even bad for the people as a whole like bitcoin?

regards

No matter how you call it, there is a natural process of developing the crypto currency. While the market will be massively replenished with new tokens and their number will grow, at the same time a decent portion of tokens and coins will forever leave the market. I think that this is quite normal. In addition, many states will issue their own centralized digital crypto currency following the example of Venezuela. Some will provide it with something, some do not. Crypto currency must go through this stage, without it, it can not develop further.

[Idrisu]

Is bitcoin bad for you? I think blockchain technology is one of the greatest discovering by humanity and we are in the age were technology rules! Ico are going to be pumping up day in day out as human needs arise as blockchain has a potential to solve most of the problems we are facing. We are having scam icos now because people has not develop that capacity to separate between the real one and fake one but in future people will have understand for this.

[Kakmakr]

It is definitely way too early to write off the Banks. Most governments are working very close to Banks and they will not allow disruption of this kind under their rule. These Banks control people's wealth and they monitor financial data on all citizens, which is a very valuable source of information to these governments. <Not only for tax purposes>

You would have seen that some governments reacted very quickly, when ICOs came on the scene. I would expect a lot of regulation from governments on ICOs in the future. This will create a barrier to entry and it would decrease Scam ICOs. <Proper KYC/AML regulations will be a requirement in the future>

[krishnapramod]

A couple of stats, $4 billion dollars were raised through ICOs last year, the number of ICOs hitting their fundraising goals in June was 93% and it gradually declined to around 23% by November, too many scam projects made investors smart and on top of that after September with China ban and then South Korea and persistent SEC warnings there has been a decrease in ICOs. There is also a new trend catching up, reverse ICO, tokenization of existing businesses, corporate coins. With regulations around the corner, it looks like the Wild West days of ICOs are coming to an end and shifting to security token offerings. It's necessary and definitely a far better option than the crypto market getting flooded with worthless tokens and many investors getting scammed in the process, but certainty not at the cost of if regulations create an entry barrier for retail investors.

[Bellator]

will we now since banks are losing their cartells, end up with a society that is constantly beeing flooded by cryptocurrencies, and more "propaganda coins" that arent worth anything but are even bad for the people as a whole like bitcoin?

regards

For me bitcoin has never been bad for the people and has already proven its worth,unless it is being used as a tool to scam people or being used in illegal activities.Just like some initial coin offering that pulls back and stop their ICO when the project didn't succeed but how about the investors that funds their platforms to create a coin that can be the future currency like bitcoin?Probably this could be a bad effect fo the people that can untrust investors on different existing ICOs.

[Reid]

Those who arent legitimate services that offered should not be supported so that the one who made the ICO will end up losing his capital.

You can always choose what you will support and spread the news that it is better than any ICO.
Those who will really have usage when the time comes. That is why they have their roadmaps and whitepapers for that.

We can be filled by those types since we are getting to a world where anything can be transact thru internet. By the use of crypto it can be faster and better.

[shoreno]

Is bitcoin bad for you? I think blockchain technology is one of the greatest discovering by humanity and we are in the age were technology rules! Ico are going to be pumping up day in day out as human needs arise as blockchain has a potential to solve most of the problems we are facing. We are having scam icos now because people has not develop that capacity to separate between the real one and fake one but in future people will have understand for this.

Bitcoin is totally different from an ico. Of course bitcoin is not bad for him and it is not bad for us either because we all know that bitcoin is verry beneficial to whom who ever uses it but ico's? I dont really think so.

we all know that most ico's are always failed and if not failed , they always ended up scamming other people but there were also people who get a lot of privellages by investing an joining thru it.

 Im also aware that ico's are growing day by day and there were now tons of them but i dont think they can dominate our society because cryptocurrency is still the leading when compared to them.

[posi]

When one door closes there open ups many more! I mean ICO's are like that only and people are not tired of trying them at all. If they loose at one then they will open up another investment portfolio and thus this cycle keeps going on all the time.

Crypto currencies are becoming passion for many people rather than just the investment. Banks are already spared by them and they are more focused on this new world. So chances of flooding the ICO's eternal market are more than before now.

I agreed to what you said cause i also believe in ICO as better investment and the chance for the crypto market to be flooded with ICO is huge. Let's just hope that the government and the SEC won't do some thing silly which will affect the crypto market.

[kryptqnick]

I believe the ICOs market will eventually reach its equillibrium. It just requiers some time to develop internal institution of reputation which will work on elimination of scammers.

I agree on this matter. While banks are not likely to disappear, ICOs will become more and more popular, contributing to the growth of the market. However, as more of them appear, they will become better, so that people really care to choose them for investment. This can become a powerful self-regulatory mechanism and eventually we might even have rather strict standards any new cryptocurrency will be obliged to have.
An outer stimulus can also take place in the near future, because the governments might set their own rules and requirements of releasing ICOs legally.
We will have more interesting project and less scam with the help of those two factors I stated above IMO.

[cheeseandcrackers]

It's not really any different from the world was before crypto currency.  There are always companies out there looking to scam people or flip a quick buck and disappear.  The way to protect yourself is to actually research what you invest in and research the people behind it.  There are TONS of good ICOs out there and have excellent talent behind them.   Don't allow yourself to get ripped off, it's not difficult so long as you don't let your greed blind you.

[cryptoman512]

will we now since banks are losing their cartells, end up with a society that is constantly beeing flooded by cryptocurrencies, and more "propaganda coins" that arent worth anything but are even bad for the people as a whole like bitcoin?

regards

 I am still waiting for the time where most protocol or startup does not need money collected from people but instead money from it's creating their protocols or platform. Anything that both creates value and captures value. I have noticed other blockcahin projects that actually starting to create and captures value and didn't do ICO.

[Craigjohnstone]

ICOs are currently powering a innovative revolution of ideas. Without regulation anyone in the world can invest in a good project and make money. There are a lot of scams however if you cut through the trash then the real valuable projects are helping the world be a better place.

[flora_digitalis]

ICOs are currently powering a innovative revolution of ideas. Without regulation anyone in the world can invest in a good project and make money. There are a lot of scams however if you cut through the trash then the real valuable projects are helping the world be a better place.

I have yet to find an ICO with a convincing business model. Most are just hot air evaporating from a fancily designed landing page. But I'm not for regulation, because I think it is still very positive for business and economy to have access to venture capital without excessive bureaucracy.

The more scammy ICOs there are, the more critical investors will be of new offerings. So I expect (or at least hope) there will be natural selection process which will lead to more respectable business plans in the field.

[Muwatti]

There was an advantages  and disadvantages of having ICO, we know that ICO has an important role in our society this is a modern way of planning, developing, and launching of a particular projects. Most of ICO's are have or had a good outcomes in our community it helps us to live in a modern way with the use of technology. In this generation we are going to modernization and globalization so we can't stop thi changes.