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RE: SECURITY TOKENS: EVOLUTION FROM ICOS

in #sto6 years ago (edited)

"So what are your thoughts? Do you think Security Tokens are the way to go?"
Yes, security Tokens are a great way for the government and legal companies to promote cryptocurrency and new business models.

Should the crypto community embrace the change or fight to preserve the anonymity of the ecosystem?
The community should be aware about the differences between Security Tokens, Utility Tokens, Shit Coins and real decentralized cryptocurrency. All this assets serve different purposes so the community should embrace the freedom to chose from a big variety of Tokens. If somebody wants to keep his privacy than he should go for Monero, Zcash or PIVX they won't disappear just because of the Security Tokens.

How would you suggest we combat the bad actors creating imaginary projects and too-good-to-be-true whitepapers to scam investors?

Well, I got scammed as well and I have gained experience and learned more about on what to look for before investing. The best advice is to make your own mistakes and learn how to invest. Thats what all good investors will tell you. You need to educate yourself and don't rely on any government regulations or analyst that tell you what a good investment looks like. Because, in the end even when new security tokens are regulated, and over watched, that doesn't mean that those projects will be successful businesses.
So, its basically learning by doing!!!

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Solid answers here. Experience is the best teacher.

Nice recommendations for security/privacy centred projects.

Another great comment @masterthematrix

Thanks for sharing your view, it's great to see people as responsive and supportive as you are :)
Piotr