Should ICOs be regulated

[Rostock]

I think that it is necessary to regulate ICO, as the market is already oversaturated with bad, fraudulent and useless projects. In the future, if there are new projects, they should be at least good.

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[adamlillian]

Considering the high level of scam associated with ICOs presently, many investors are at risk of loosing their investments. Bounty hunters like us are not spared as we may be rendering free services to some scammers and also risking our personal data.

I suppose a regulatory body be set up to audit the ICO process and the  founders, and if anything goes wrong or should the project fail, they will be liable. This will reduce drastically investors risk and also keep scammers away. What do you think?

We all want to have an organization that can manage ICO projects. But it's a pity because this is a decentralized market and we also need a decentralized organization to be able to manage everything.
I think the SEC has that power but they refused to participate in the crypto market.
That means that we will have to rely on our own ability to avoid fraudulent projects.

[letecia012]

Considering the high level of scam associated with ICOs presently, many investors are at risk of loosing their investments. Bounty hunters like us are not spared as we may be rendering free services to some scammers and also risking our personal data.

I suppose a regulatory body be set up to audit the ICO process and the  founders, and if anything goes wrong or should the project fail, they will be liable. This will reduce drastically investors risk and also keep scammers away. What do you think?

I agree ICO should be regulated and developer should seek clearance to government which run the regulation and impose stricter guidelines so that only legit ico would spent effort to get clearance. People who run ico should be diclosed their  indentity in public in that way its easy to chase them once they would scam their investors

[GREENch]

The creation of a bounty hunter Union would be a good option for partially regulating and paying for bounty campaigns. Also, the Union can carry out analysis and audit of the project that plans to conduct a bounty campaign.

if it's really running it might be very helpful for the quality of the ico itself. the fewer scams, or all the best for investors. but unfortunately are such regulations possible?

I do not see a problem in creating such an organization, I am ready to deduct 2-5% of my earnings in bounty campaigns (depending on the functions that the Union will take over)

[Lagduf]

The creation of a bounty hunter Union would be a good option for partially regulating and paying for bounty campaigns. Also, the Union can carry out analysis and audit of the project that plans to conduct a bounty campaign.

if it's really running it might be very helpful for the quality of the ico itself. the fewer scams, or all the best for investors. but unfortunately are such regulations possible?

I do not see a problem in creating such an organization, I am ready to deduct 2-5% of my earnings in bounty campaigns (depending on the functions that the Union will take over)

That will be useless because when you are participating in the ico and you have agreed with all of agreements and terms that created by them. They have a key to the funds. They can to everything what they want.
Bounty union is another crap idea.

[SixFigures]

I strongly stand by the regulation of initial coin offerings.
This is because it is too easy to scam investors through initial, coin offerings and this has become a reoccurring crime.
Doing ICO a lot of project teams have taken different means to fool investors into parting with their money and make their projects seem to be the next best project on the blockchain but with more regulation in which all the aspects of initial coin offering is carefully scrutinized before the fund-raising I believe it will drastically reduce the scams in this process.

Regulation is a complex term though. The community could find ways to regulate it themselves through the application of game theoretical solutions. It is not only about regulators as we know them.

We need to set higher standards when it comes to giving our money away. That's for sure.

We cannot do that, we have the idea but the implementation of the regulation has to be coming from the government.
The thing is we are supposed to be independent and that is the essence of being decentralized, but our government won't allow us to operate, they
need to interrupt us to get a share of what we are making, they are greedy and that is what they are by nature.

This is not correct. If we build services like encrypted KYC or proof of developer and that helps prevent scams from happening, it will also contribute to a less government intervention.

That governments are greedy is true because the people running the governments are almost one at the same with those running the big corporations.

[deodivine1]

Initially, I wasn't in support of regulations but with the many ICO scams, I think regulations should come. Also, the bitter truth is that if adoption should take place mainstream, there must be some form of regulations. Some thieves come up with a fake project, put up a website and whitepaper and make people buy into their scam which is not good.

[Babayan]

I think yes, because nowadays I can see a lot of scammers which try to steal my money in different ICO telegram groups.

[unbotak]

Crypto space is packed with money so obviously ICOs should be regulated to avoid scam and any other kind of cheating and manipulation. Big players will never come here without proper regulations.

who has the right to regulate the ICO and how to set it right now there is no definite answer about it, but I hope that if that really happens then don't let it burden investors because if the ICO is regulated but investors are less free then it is useless.

[Mmesooma1]

It is long over due and should be done immediately. Proliferation of cryptocurecncy projects solving the same problem and multiple fraud cases has made cryptocurency distasteful and thus should be regulated to salvage its image

[GREENch]

The creation of a bounty hunter Union would be a good option for partially regulating and paying for bounty campaigns. Also, the Union can carry out analysis and audit of the project that plans to conduct a bounty campaign.

if it's really running it might be very helpful for the quality of the ico itself. the fewer scams, or all the best for investors. but unfortunately are such regulations possible?

I do not see a problem in creating such an organization, I am ready to deduct 2-5% of my earnings in bounty campaigns (depending on the functions that the Union will take over)

That will be useless because when you are participating in the ico and you have agreed with all of agreements and terms that created by them. They have a key to the funds. They can to everything what they want.
Bounty union is another crap idea.

No one prohibits the use of escrow accounts and specify the necessary conditions in smart contracts. In addition, if the Union strictly adheres to its goals, it will very soon become a significant player in the information field of the crypto industry and many organizations will consider its opinion.

P.S.
Always keep me informed of your opinion on my ideas, it is very important to me.

[radokan]

Everything should be regulated, ico, bounties, everything should be watched by authorities until crypto loses its original purpose, to give people some freedom. You guys are amazing.

[kramchers]

YEAR 2018 was full of SCAMMERS especially in ICO.
More than 50 percent of offered ICO projects were scam.
This one must be regulated for the safety of the people in investing on their so called ICO.
This regulation will put back the bloom in investment!

[gunhell16]

FOR ME YES!

The CEO and its team must have the permit to operate from the country they are based at!
The project must be offered first and explained on their country's SEC.
People who are at this project must have their identification and liabilities if there will be any bad happen to the ICO investors.
Like if they will scam people and run for the money. there is so many scammed project before! regulation is a must!

[Nesbee2]

 Regulating ICO in itself is a good idea because it will go a long way in protecting investor's fund from loss, but at the same , regulating  cryptocurrencies will go against  the essence its of its creation , which was designed to be Decentralized and void of control by a central body.

[apitico]

I think that it is definitely worth it, since a large number of fraudulent ICOS is one of the most acute problems of the cryptocurrency market. I hope that the ICO regulation will come as soon as possible.

[jcmansah7]

Most definitely, regulating of ICOs would help reduce

[shillerguy020]

I often look into this topic, many agree that regulation is extremely necessary , but so far I have not seen proposals on how to implement it and I do not even imagine myself, this is the problem, how to implement it all?

[arimamib]

I often look into this topic, many agree that regulation is extremely necessary , but so far I have not seen proposals on how to implement it and I do not even imagine myself, this is the problem, how to implement it all?

it is very difficult indeed to solve this, namely the rules on ICO and how to implement it directly in the real world, because what Crypto knows is without third person and if there will be a regulation, there will certainly be a third person involved in the ICO, I feel like that.

[Crypto24hrs]

While i share the same sentiment with you that ICOs should be regulated, i will also appreciate if more effort is put in creating more project platforms like ICO Bench with more sincerity and honesty and a guarantee in times of failure to compensate investors and bounty hunters.