empowering
Legendary
*
Offline Offline

Activity: 952
Merit: 1044



View Profile Personal Message (Offline)

Ignore
September 04, 2017, 06:08:00 PM
Last edit: September 04, 2017, 06:22:54 PM by empowering

ICOS that are rip offs-  are rip offs...

What about ones that are not?

No one needs 100 million to start a company that has no legs...

Plenty of ICOS will pop up that are not greedy- have decent models and a decent chance of becoming something IRL.

There is a difference.

Regulations are one way of working this out - to some degree - dirty word.

The free market would have gotten there on its own- personally I would have liked to have seen it -I am sick that way.... but no! the regulators will step in (In China- USA and Europe) and regulate these ICOS

For all  the other "projects" the market will STILL find a solution - they will still be a thing...

There will be two pools- regulated and unregulated.

For better or for worse.

As above so below

(As long as  there are two markets  I am happy that the regulated one is being born- and there is no way on gods green earth it is avoiding the trend...of the influence of blockchains and digitisation and ultimately to some degree democratisation - though the barriers to entry for companies wishing to raise funds will  be higher- but the mechanisms for the average joe or average Zhang to invest - will be greater. As the Chinese love to gamble and invest- I see them engaging in this new regulated ICO market with vigour and enthusiasm)

Or something


(Also any serious Zhang worth his salt will be running investments through a fund in HK or Macau  Wink )