We need regulation pretty bad

[Burogh]

Project team who are genuine and determined to succeed in their project should do a preliminary investigation before asking for the services of any developer. There are many developers out there and any qualified developer must have history of previous work that should serve as a preference for any team asking for such developers service.

The developer team of a good and legit project will certainly not be afraid of government regulations and in my opinion they will be happy. Project scams make the image of ICOs worse and this makes it difficult for new projects to achieve sales targets and indeed government regulations should be needed to punish people who commit fraud in the market.

[tycsols]

Yeah i support your idea and i think there should be some authority and new projects looking to raise funds should first apply to that authority that will thoroughly analyse the project and also interview the people behind the project and then issue fund raising license only if they think that project and team is legit and it has plenty of use cases to be success in the future and if they are not satisfied with either the team members or anyother thing in the project they should simply reject the application and stop them from raising funds.

[Darker45]

Apart from scam artists in crypto space we have too many unprofessional developers that falsely act like they are really good in a particular field and try to build blockchain based projects but failed in the end,if there is really any way to make blockchain available to only professionals that are qualified it would have been a different story for crypto,even scammers wont have a chance,this is why i think we need REGULATIONS pretty bad.

If only there is a regulating body that would sift through the rising crypto projects and also oversee the running ones. It is both discouraging and frustrating seeing all the failures around. The worse thing here is that in every failure, it is not only the development team who failed. They are actually burning away the money of the investors. Aside from that, they are also tainting the image of crypto, which up to this point, is still struggling to be accepted by the wider mainstream society.

I have a couple of things in mind. First, projects using existing blockchains such as Ethereum's shall pass through a a kind of quality check done by Ethereum itself where there is a review as to whether the project is worth launching or not. Second, the general public needs to be educated regarding crypto. Most often, those who know little or nothing are the ones who become prey to these scam projects. 

[charlop24]

Regulations may not be the absolute way out from the issue of scam. Though, its possibly going to help curb it, but I still believe that people need to be more informed and wiser. Most people who are duped are greedy and were actually expecting so much more before loosing out.

[Republikcoin.com]

I don't think that regulation is really needed to filter a project, because sometimes a project can develop when the people in it can make the project work. in project matters, of course, we need to see the potential it has, success or not, it depends on the seriousness of the team.

this goes back to the research we are doing about a project. the deeper you search for information about the project, then you will know its quality. to see how good a project is, we don't really need regulation, but to prevent that, of course, we need regulation.

[||bit]

I was against regulation but after seing ico holders my thought changed.

Don't get me wrong, i don't want regulation against people like us. Ico holders should got regulated. They shouldn't have 5m $ and after 6 month, out of budget.

[Cult]

Apart from scam artists in crypto space we have too many unprofessional developers that falsely act like they are really good in a particular field and try to build blockchain based projects but failed in the end,if there is really any way to make blockchain available to only professionals that are qualified it would have been a different story for crypto,even scammers wont have a chance,this is why i think we need REGULATIONS pretty bad.

Government regulation is indeed needed to prevent fraud in the cryptocurrency market. Too often, scam projects have a negative effect on market confidence and also new projects that should have the potential to develop in the market

I agree, I also believe that each country should have its own regulatory body, in particular, for ICOs, IEOs. I think that for the entire crypto industry market it will only benefit, raise the level of trust not only of investors, but also of ordinary users

[SvonioneFromMangoCoinz]

Apart from scam artists in crypto space we have too many unprofessional developers that falsely act like they are really good in a particular field and try to build blockchain based projects but failed in the end,if there is really any way to make blockchain available to only professionals that are qualified it would have been a different story for crypto,even scammers wont have a chance,this is why i think we need REGULATIONS pretty bad.

yep, anyone here who has failed to invest in the wrong project needs rules to preserve capital.
But actually, this is a decentralized market, it's a mixture of the worst and the best.
And our job is to find the best to make the most profit.

[papagravel]

Apart from scam artists in crypto space we have too many unprofessional developers that falsely act like they are really good in a particular field and try to build blockchain based projects but failed in the end,if there is really any way to make blockchain available to only professionals that are qualified it would have been a different story for crypto,even scammers wont have a chance,this is why i think we need REGULATIONS pretty bad.

Regulation in the crypto market for conducting ICO and IEO would be good, it would help reduce the number of cheaters among new projects. The only problem is that there is no general opinion on the crypto market regarding regulation, and there is no definition in choosing an organization that could regulate and catch scammers.

[AltcoinsBattle]

***

i am not very sure about what you are trying to say here, but regarding shady places you don't have to forecast anything, you just have to look at the history. each time an exchange that previously didn't have any KYC starts forcing KYC on its users, there is a mass migration to other platforms most of which were shady before and don't require KYC.

I do not know such facts. But I get at this is most likely the case.
But what does that change? First, all existing exchanges will be forced to become transparent. Then the authorities will begin to prohibit and close those who will not obey. It is the matter of time.

[Kezacky]

in general the most important thing is that prize hunters must be able to manage their money wisely in investing in projects or trading. Nowadays more and more new users are joining this industry but some of them are unable to place money properly. Regulation will not solve this problem, even scamers still roam around us. Basically the key to this problem depends on ourselves about how to put money wisely.

[ccryptopark]

I think we need companies that assist with regulating not necessary flat out regulations. I really like what Ciphertrace is doing and how they are protecting people's privacy while monitoring for any sort of money laundering

[Marckolind]

Its the same people who wants regulation on the open crypto markets. NO we don't!

I don't need uncle SAM to know what I'm trading, what I buy, or anything else for that matter. Bitcoin and crypto wasn't invented to regulate it, better buy stocks if you are in that belief!

Decentralized trading is gonna be huge soon, which is why I'm very excited to see Stakenet's Lightning DEX solution which will compete against against a LOT of other DEX solutions. It's gonna be superior in trading fees, speed, and liquidity, since it runs on Lightning through masternode lightning hubs.

Do your own research on this one, but this project aims to REMOVE all kinds of regulations from crypto, and will enhance BTC and LTC massviely with their dApps.

[adzino]

Apart from scam artists in crypto space we have too many unprofessional developers that falsely act like they are really good in a particular field and try to build blockchain based projects but failed in the end,if there is really any way to make blockchain available to only professionals that are qualified it would have been a different story for crypto,even scammers wont have a chance,this is why i think we need REGULATIONS pretty bad.

Well, if only people were smart and did not fall for their trap....
Listen, all those scam projects always have some sort of signs and signals that will always turn up the red flag. You just have to outsmart them and not fall for their scams. Regulations in crypto currencies will just be really a bad thing. Putting on regulation means, a third party will come and impose rules, laws and take over every decision according  to their own will. Now if this happens, will crypto currencies remain decentralized? What do you think?

[GREENch]

Regulation will be detrimental to the crypto industry. And in order not to get into a scam, you need to devote more time to analyzing the project in which you plan to invest.

[dfktynby1004]

I would say our future depends on regulators. We all have long been clear that various States will not allow cryptocurrency in the financial sector if regulators do not make a positive decision. Have you noticed how long it takes to open BAKKT? I understand for sure that with the introduction of regulators, we will be able to reach a new level of blockchain progress.

[PuertoLibre]

I was against regulation but after seing ico holders my thought changed.

Don't get me wrong, i don't want regulation against people like us. Ico holders should got regulated. They shouldn't have 5m $ and after 6 month, out of budget.

The regulators will not help the scammed investors for recovering their losses, the disadvantages of the regulation can destroy the true Satoshi vision. IEO projects almost decreased the scam rate of more than 70% in my opinion, the existence of strict rules will only bring less freedom for crypto investors. The true believers always choose the right path of the genuine influencers, other ways are not going to work in my humble opinion.

[Bonwin]

There are lots of reasons why we nerd to intensify our research more on the team of crypto projects, even if regulations are not in place to do that for you. The onus is on us as investors, to check, research and be able to analyze critically well, if a project is good for investment, by virtue of its team.
A developer who does not know about cryptocurrency and yet lunching a crypto project, is like a auto mechanic, claiming that he can treat a patient, suffering from an ailment. You know what the outcome will be.

[firmino10]

I agree partially, though we truly do need regulations but we don't need it that badly.
Regulations will to a large extent help reduce the level of fraudulent activities but it won't stop it totally.
If we accept regulations then the decentralized nature of the market would be at risk and that is the identity of cryptocurrency.

[Gi01]

Apart from scam artists in crypto space we have too many unprofessional developers that falsely act like they are really good in a particular field and try to build blockchain based projects but failed in the end,if there is really any way to make blockchain available to only professionals that are qualified it would have been a different story for crypto,even scammers wont have a chance,this is why i think we need REGULATIONS pretty bad.