The crypto space must be sanitized

[CryptoBuds]

I totally agree with ts. I also believe that the market won't turn around without total wash out of crappy projects. The crypto industry is sick and it should be cured. Plus I'd like to see some kind of regulation on this market, because market makers are not limited with any kind of manipulation methods atm.

[kolesozw]

The crypto doesn't need to be sanitised. Unless you are in a communistic society.

We are all grown up people and everybody is free to give/invest money whenever we wants. If we make a losing choice or investment, usually will be because of bad due diligence.

[BADBITCH]

Yes very sanitized and the need to research before buying any ico is amass
We even need to be careful of ieos and stos that are showcasing recently

Let’s be careful and smart

[Emmy92]

Yea the crypto space needs to be sanitize but not by having a body to regulate its affairs, this is going entirely against what blockchain offers or what blockchain stands for. I think the best way is to forget about hype projects and go for those who have something tangible for offer (like a working product)

[Mrcharles]

We are in a system where so many ICOs come in to attract investors. Some end up succeeding, while a larger percentage either fail or end up being scam.
Yes, we are operating in a decentralized system, where individuals are in full control of their assets. Yet, a decentralized system can still be controlled under a trusted body, when it comes to lunching an ICO.
Yes, every developer has the right to lunch an ICO and we have ICO listing sites. Since most of these sites have compromised in their listing, why don't we have a trusted body, that would volunteer, without collecting any charges, at least to sanitize and purge the system of scam ICOs.
Every developer that registers with them should be questioned and be ensured to have good integrity.
Then investors will have the confidence to invest into any of the projects.
Well, this may not outrightly nullify other ICOs from lunching independently.
This is just a suggestion.
Views, comments and contributions are welcomed.

Your suggestion is quite brilliant, owing to the fact that participants have lost their trust in the cryptocurrency space and ICO's are dominated by Scammer and unscrupulous individuals. In my opinion, there should be some extent of regulation in ICO's most especially to curb the influence of scammers and restore sanity to the cryptocurrency space.

[mrdeposit]

We are in a system where so many ICOs come in to attract investors. Some end up succeeding, while a larger percentage either fail or end up being scam.
Yes, we are operating in a decentralized system, where individuals are in full control of their assets. Yet, a decentralized system can still be controlled under a trusted body, when it comes to lunching an ICO.
Yes, every developer has the right to lunch an ICO and we have ICO listing sites. Since most of these sites have compromised in their listing, why don't we have a trusted body, that would volunteer, without collecting any charges, at least to sanitize and purge the system of scam ICOs.
Every developer that registers with them should be questioned and be ensured to have good integrity.
Then investors will have the confidence to invest into any of the projects.
Well, this may not outrightly nullify other ICOs from lunching independently.
This is just a suggestion.
Views, comments and contributions are welcomed.

Your suggestion is quite brilliant, owing to the fact that participants have lost their trust in the cryptocurrency space and ICO's are dominated by Scammer and unscrupulous individuals. In my opinion, there should be some extent of regulation in ICO's most especially to curb the influence of scammers and restore sanity to the cryptocurrency space.

Consider what happens in the crypto world as an experience. These ones will change over time and will replace with the different activities. Just try not to be deceived.

[ninja811]

Probably this is an absolutely correct statement, except for the fact that in any system, as well as in the cryptocurrency market, there should be promising and very progressive elements and elements that somehow ensure its existence, but which are essentially useless separately.
So I think that there will always be crap projects and coins.
Our task is to distinguish them from promising.

[charlop24]

I'm in full support of the sanitation which should be carried out in the crypto sphere. They've been so many issues of scam and this was spearhead by developers who rely on the ignorance of the masses and steal from their innocent victims .

[VukotLy]

It is necessary to clean the market from bad coins for nothing, because they prevent many players from focusing on making profits.
Newbies without experience can even invest in them and lose money in vain.

[daarul50]

We are in a system where so many ICOs come in to attract investors. Some end up succeeding, while a larger percentage either fail or end up being scam.
Yes, we are operating in a decentralized system, where individuals are in full control of their assets. Yet, a decentralized system can still be controlled under a trusted body, when it comes to lunching an ICO.
Yes, every developer has the right to lunch an ICO and we have ICO listing sites. Since most of these sites have compromised in their listing, why don't we have a trusted body, that would volunteer, without collecting any charges, at least to sanitize and purge the system of scam ICOs.
Every developer that registers with them should be questioned and be ensured to have good integrity.
Then investors will have the confidence to invest into any of the projects.
Well, this may not outrightly nullify other ICOs from lunching independently.
This is just a suggestion.
Views, comments and contributions are welcomed.

Good idea. But from the above idea there will be a question like this "who will be the voluntary party?". What is the government? If it's a government, it's impossible because the decentralization system is against it, or is the party in question a developer? That's not possible because the developer doesn't have integrity for that. Sometimes a good idea is not necessarily the right solution to overcome the problem.

[CaVO32]

We are in a system where so many ICOs come in to attract investors. Some end up succeeding, while a larger percentage either fail or end up being scam.
Yes, we are operating in a decentralized system, where individuals are in full control of their assets. Yet, a decentralized system can still be controlled under a trusted body, when it comes to lunching an ICO.
Yes, every developer has the right to lunch an ICO and we have ICO listing sites. Since most of these sites have compromised in their listing, why don't we have a trusted body, that would volunteer, without collecting any charges, at least to sanitize and purge the system of scam ICOs.
Every developer that registers with them should be questioned and be ensured to have good integrity.
Then investors will have the confidence to invest into any of the projects.
Well, this may not outrightly nullify other ICOs from lunching independently.
This is just a suggestion.
Views, comments and contributions are welcomed.

Good idea. But from the above idea there will be a question like this "who will be the voluntary party?". What is the government? If it's a government, it's impossible because the decentralization system is against it, or is the party in question a developer? That's not possible because the developer doesn't have integrity for that. Sometimes a good idea is not necessarily the right solution to overcome the problem.

OP's suggestion is not feasible at this moment. creating a "trusted body" to govern these ICOs is not the solution as the projects are sprouting every single day. who will do such intensive work like this? and who will choose these individuals to qualify for this special body? what we can do right now is to be vigilant with your investments. do your own research and meticulously study the project that you want to invest with. it is all your responsibility to do these things. no one will answer your mistakes but you.

[mv1986]

We are in a system where so many ICOs come in to attract investors. Some end up succeeding, while a larger percentage either fail or end up being scam.
Yes, we are operating in a decentralized system, where individuals are in full control of their assets. Yet, a decentralized system can still be controlled under a trusted body, when it comes to lunching an ICO.
Yes, every developer has the right to lunch an ICO and we have ICO listing sites. Since most of these sites have compromised in their listing, why don't we have a trusted body, that would volunteer, without collecting any charges, at least to sanitize and purge the system of scam ICOs.
Every developer that registers with them should be questioned and be ensured to have good integrity.
Then investors will have the confidence to invest into any of the projects.
Well, this may not outrightly nullify other ICOs from lunching independently.
This is just a suggestion.
Views, comments and contributions are welcomed.

Good idea. But from the above idea there will be a question like this "who will be the voluntary party?". What is the government? If it's a government, it's impossible because the decentralization system is against it, or is the party in question a developer? That's not possible because the developer doesn't have integrity for that. Sometimes a good idea is not necessarily the right solution to overcome the problem.

daarul50 is right because as soon as you designate a central body to take responsibility for this, you are making the same mistake again. Once central party with the power to decide what is right and what is wrong.

[Invigorated]

I have been a strong advocate of crypto regulations. It has become completely necessary and the time to enforce this is now! Several players in the industry have capitalize on the fact that the industry is unregulated to commit several atrocities and crimes ranging from fraud to money laundering. This has become a major occurrence and will continue to be unless something is done and done really fast.

[Denton]

It is difficult to have a body that enjoys unconditional trust. There is still a chance that some fraudulent project can negotiate with these body and eventually deceive gullible investors.

[Mmesooma1]

We are in a system where so many ICOs come in to attract investors. Some end up succeeding, while a larger percentage either fail or end up being scam.
Yes, we are operating in a decentralized system, where individuals are in full control of their assets. Yet, a decentralized system can still be controlled under a trusted body, when it comes to lunching an ICO.
Yes, every developer has the right to lunch an ICO and we have ICO listing sites. Since most of these sites have compromised in their listing, why don't we have a trusted body, that would volunteer, without collecting any charges, at least to sanitize and purge the system of scam ICOs.
Every developer that registers with them should be questioned and be ensured to have good integrity.
Then investors will have the confidence to invest into any of the projects.
Well, this may not outrightly nullify other ICOs from lunching independently.
This is just a suggestion.
Views, comments and contributions are welcomed.

I agree with you. I want a system where by investors will have or be assured that the basic profile of a coins developer are known such that if there is any fraudulent act from them, they can be traced and jailed

[qtronix]

It would be very convenient for us. It is high time to introduce some kind of a similar system, because now the trust in the ICO has significantly decreased.

[Serve20]

This is a welcome development. I think doing due diligence to filter out quality and valuable projects out of the thousands out there is very important for the industry. And I think can only be done if we can have a group of experts who can do it for the community without getting inducement from project creators

[powerman24]

ICOs need to regain the confidence of the investors as many of them lost their faith in them. Like the idea of IEOs where the exchanges are supervising the development and the progress. Such way the listing is also insured.

[MakeMoneyBtc]

You can't stop scammers. Once they find a way to steal money out of people's pockets they will exploit that area until people are going to realize how stupid they are and stop offer them money. The problem is not ICOs who fail, because those at least try something and don't succeed. The problem is that there are people who open ICOs with the specific purpose of earning money from it and don't bring any contributions to the world.

[mv1986]

You can't stop scammers. Once they find a way to steal money out of people's pockets they will exploit that area until people are going to realize how stupid they are and stop offer them money. The problem is not ICOs who fail, because those at least try something and don't succeed. The problem is that there are people who open ICOs with the specific purpose of earning money from it and don't bring any contributions to the world.

That are mostly ICOs where the team is not known or where it looks fishy. Just don't take the risk and transfer any money to them.