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I'm a crypto investor (I currently hold XRP, XLM, ADA, and ETH) and even helped someone develop a prototype for a new exchange, but at least part of me is rooti
by ralmidani 8y ago
I'm a crypto investor (I currently hold XRP, XLM, ADA, and ETH) and even helped someone develop a prototype for a new exchange, but at least part of me is rooting for the SEC on this one.
If ICO abuse is not curbed, it will become the weapon of choice for all kinds of scammers and hucksters. I'm obviously not anti-crypto, but the scene __has__ become a Wild West. Tying law enforcement's hands will embolden the bad actors and make it less likely for the good actors to attain mainstream acceptance.
- lostmsu 8y agoJust like Kickstarter. If anything, I'd like to see ICOs stay unregulated.
- bdcravens 8y agoThe problem with ICOs is you can put some very shady crap. For instance, there was EtherDoge. They were pushing their air drop on Reddit. However, they coded in to the smart contract pushing back the air drop. Their website showed a "team" with photos stolen off of Twitter and LinkedIn. Whenever you called them out on Reddit, the mods of the subreddit were deleting the posts. Obviously not every ICO is conducted thusly, but straight up fraud still needs to be addressed.