The problem is once you allow the regulators to step in on one part of it, you open the door to the entire system being regulated, and that is the antithesis of cryptocurrency to begin with. Education is a better option, and services that can impartially look at the new ICO on their own merit. Is it using new tech or algorithm or just a cloned coin? Is the purpose of the ICO to further an existing business, or is the coin the only asset of the devs? What does it bring to the table other coins do not? We can do far more through education and accurate information than we can on regulation.
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Exactly. And every part of the ecosystem should play a role. Exchanges, attorneys, developers, etc... We can never stop a website from putting up code but we can Name/Shame the real scams. Just watch out for "the boy who cried wolf"
Yeah Im not in favour of regulation, Im just ICO-wary.
As we all should be. But there's a big difference between "I'm wary", and "EVERYTHING IS A SCAM"...
And thats why I never accused any project of being a scam, I tend to believe devs have the best of intentions, but making a coin in short supply via an ICO to get huge publicity, in my humble opinion isnt ideal when nothing close to an operational product has been delivered.
Individual investor decision IMHO. Everyone has a different risk appetite.
Agreed, Im not trying to say there isnt a place for ICOs, ever, under any circumstances, but I miss the old days of devs delivering something, then it getting adopted.