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I'm a little confused by your comments. Bitcoin does not have a trusted party system, unlike Ethereum. Why does the Bitcoin community have to learn about fraud?

I'm a little confused by your comments. Bitcoin does not have a trusted party system, unlike Ethereum. Why does the Bitcoin community have to learn about fraud? I agree that some ICOs are clearly fraudulent in nature. But it's no different than the early days of Kickstarter. Hell, look at Juicero. I think the advent of ICOs as an alternative vehicle for fundraising is making certain entrenched interests very nervous.

JumpCrisscross 9y ago
> Bitcoin does not have a trusted party system, unlike Ethereum. Why does the Bitcoin community have to learn about fraud? It does have a small group of people with disproportionate influence (case in point: the adoption of segwit) and who are incentivized to perpetuate the system. It is in their interest to find a solution to the fraud. The "capital flight" excuse is cute, but it won't convince other countries' regulators. Particularly if nothing is done and a bunch of moms and pops get defrauded on a significant scale by an ICO.