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Author Topic: Crypto being unregulated is a strength and an advantage  (Read 109 times)
mu_enrico
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June 28, 2018, 07:48:14 AM
 #21

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To a degree, regulated crypto implies only the rich having access to things like IPOs or ICOs and that is not the direction which bitcoin nor crypto currencies should take.

Agree / disagree?

Regulation isn't necessarily bad. It exists for some reason, mainly for consumer protection. A company who wants to go for IPO has to deal with a lot of terms from the government. On one side, it prevents fraud/scam and on another side, it really expensive. Without some kind of regulation, we will see more and more scam ICOs. There must be some balance between regulation and freedom. It's not a binary scale 0/1 but more like a spectrum.

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June 28, 2018, 08:17:37 AM
 #22

Crypto ICOs is good without regulations but some projects are already taking advantage of this, if ICOs is to provide initial offering for those that are not rich then some ICOs already breach this condition. Taking Telegram ICO as example and also many other projects that consider less the not rich. Regulation would keep everything in track but as well it will give the regulating body too much power that will violate the aim of decentralization.

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June 28, 2018, 08:18:55 AM
 #23

On one side, it prevents fraud/scam and on another side, it really expensive. Without some kind of regulation, we will see more and more scam ICOs. There must be some balance between regulation and freedom.

Regulations don't prevent scams. The only thing regulations will do in that regard is cause a shift where it will no longer be amateurs setting up schemes and whatnot, but professionals knowing how to stay out of the picture for a very long time. The danger with this is that the current scams are easy to spot, but that later on won't be as easy anymore with how well set up they are.

I am quite sure that if BitConnect was run properly, it could have existed for years without imploding. It all comes down to how greedy and poorly operated they are in the end. These greedy baboons will make place for smart, conservative and well instructed entities that will legally scam you out of your funds.

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June 28, 2018, 08:33:27 AM
 #24

But aren't we are going against the government with that approach by creating self motivated ecosystem? I mean its like owning the island and putting up your own flag over there.

Government might just overlook this for initial stages. If this kind of ICO gotten to much exposure and if the taxes coming from the such villages on foods and water supplies got cut off then im sure they will take legal action on them.

I mean different countries different rules but still who knows what could be the after effect of this all.

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