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Author Topic: DO WE NEED TO REGULATE ICOs?  (Read 24704 times)
Sevarchik
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November 15, 2018, 07:17:03 AM
 #21

Regulating ico will be good, but it very hard to reallize in decentralized world.
Scammer found new ways if you start regulate him.

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Kryten12
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November 15, 2018, 07:22:43 AM
 #22

Regulation has alrady started, why do you think that citizens of the United States or China are inelligible to take part in ICO? further regulations on participation, and proof of background by companies wishing to launch would be a positive step. I don't however see a need to regulate on coins just because it is a similar concept to another, how would you ever get competition if only 1 shop was allowed for each product?

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Crypdon
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November 15, 2018, 07:39:38 AM
 #23

Because ico's are largely decentralised it would be difficult to establish a regulatory body. Ethereum may introduce a refundable investment platform to prevent further scams
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November 15, 2018, 08:13:20 AM
 #24

WTF with these scam icos?!!!!!!! They just give bad reputation to our precious crypto market!
They have to stop yep.

arkawa040
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November 15, 2018, 09:05:04 AM
 #25

Well i say yes! Currently there are so many projects with similar goals and visions and some of them even don't have the needed capacity and resources to see to the success of the project but yet still competes with the capable funds when funds are being raised. This has also increased the number of scam projects in the cryptospace and this is really tarnishing the image of crypto investment. Let's not forget that if men were angels there would be no need for laws. I am not talking of a Centralized Regulating Body but we can use the concept of masternodes and run a decentralized ICO regulating body. Let's explore all the possible ways of how we can actually curb this menace in the cryptospace.
for example, we will create an organization that will monitor the release of ICO projects, each ICO should confirm that they are not scams, but where guarantees that this organization will not take bribes tomorrow to put high marks, my opinion is that we should learn to distinguish scams from standing ICO.
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November 15, 2018, 09:07:05 AM
 #26

I think the ICO market needs regulation and is strictly regulated, not just taxes! Therefore, we can save and attract more investors! It also allows fraudsters to be punished!

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Abal Abal
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November 15, 2018, 09:12:33 AM
 #27

those who really need regulation or security in ICo need to be done so that there is no more fraud in the ICO project. it can be done by this forum team, for example this forum makes escrow. dam, I'm sure this will work.

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November 15, 2018, 09:20:23 AM
 #28

Definitely all icos are need to be regulated. First of all we must get rid of scam icos, it is very important in terms of trust in the market. The biggest destructive effect to crypto currencies is scam icos. Then, we must eliminate copy projects.

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November 15, 2018, 09:35:33 AM
 #29

It is true that there are lots of potential scam ICO's that pops up every day which results to an increasing number of investors getting scammed, but I don't think that ICO regulation will work, it will just defeat the purpose of decentralization. The only thing we can do is to educate ourselves on how these ICO's really works to reduce the increasing number of scam cases. If this researching skill be mastered there is no need for the regulation.
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November 15, 2018, 10:20:59 AM
 #30

There are many scammers among the organizers of the ICO who have discovered the source of easy money and are using it with might and main. Therefore, ICO regulation should become one of the top priorities.
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November 15, 2018, 10:29:29 AM
 #31

Of course, you need to regulate ico projects is 100%. After the laws come out, it will become easier for investors and their risks of losing money will decrease, but they will pay taxes. In the end, there will be fewer such projects that collect money and disappear.
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November 15, 2018, 01:44:58 PM
 #32

Definitely! We need some regulations because I am sick of projects, that cannot collect their soft cap or projects that are turning to be a scam. There is a need in an institution that will force the ICOs to deposit some percentage of their tokens to avoid being delayed or scammed.
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November 16, 2018, 06:01:46 AM
 #33

indeed technology is now increasingly advanced, but we know that technology is not like humans who can think and feel,
if ICO is regulated by technology, then their SCAMMER developers will also think about how to get past that technology (masternodes)
but if we can entrust to a centralized party, it also becomes a separate risk for everyone, because there is the potential for a distorted conspiracy to emerge.
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November 16, 2018, 06:48:59 AM
 #34

Well i say yes! Currently there are so many projects with similar goals and visions and some of them even don't have the needed capacity and resources to see to the success of the project but yet still competes with the capable funds when funds are being raised. This has also increased the number of scam projects in the cryptospace and this is really tarnishing the image of crypto investment. Let's not forget that if men were angels there would be no need for laws. I am not talking of a Centralized Regulating Body but we can use the concept of masternodes and run a decentralized ICO regulating body. Let's explore all the possible ways of how we can actually curb this menace in the cryptospace.
Now we need government regulation of ICO projects in order to streamline this activity at least a little. Now the ICO teams have let loose so much that they no longer feel any rules for themselves and therefore, in terms of joining their campaigns of generosity, they write that they can change any rules at any time. This should not be. Government regulations should establish clear rules for all ICO members and at the same time identify each member of the ICO team and take other measures to avoid incidents of fraud. To interfere in the feasibility of an ICO state should not.

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November 16, 2018, 07:10:13 AM
 #35

These days, many projects are coming up every month, most of these projects are not legit, so i think that it is necessary to regulate ICOs. If some sorts of regulation is put in place then we would see many legit projects.
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November 17, 2018, 07:41:44 PM
 #36

we have decentralisation, but I agree that need to regulate ICO's because now is too much scam projects and it bad reputation for all ICOs
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November 17, 2018, 08:40:18 PM
 #37

Definitely, I, too, for the fact that the ICO would be regulated very seriously. I would even suggest that ICO projects must obligatory pay to bounty hunters

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November 17, 2018, 08:41:10 PM
 #38

I strongly advocate for a complete regulation of ICOs to weed out potential scams and fraudulent ones the market had been flooded with ICOs that have similar projects that can't compete with other cryptos in the ecosystem although decentralization might not give room for the actualization of a complete regulations.

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November 17, 2018, 09:35:14 PM
 #39

No matter how we try to regulate it, fraudulent projects will still appear. This will not be completely avoided. But I think that gradually with the development of crypto we will come to some kind of regulation. The issue of fraud will be resolved somehow.
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November 17, 2018, 09:39:52 PM
 #40

What we need to do the most at this time is to prevent and stop the ICO scam is going on a lot in the market. It is these ICOs that cause huge losses to investors as well as bounty members. If this situation continues, there is a big possibility that by 2019, people will no longer have trust in ICO.


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