Quote from: collin_thompson on November 13, 2016, 01:22:24 AM

Quote from: cryptor0th on June 28, 2016, 08:15:24 PM

Quote from: tmzn32 on June 28, 2016, 08:13:55 PM

Premine like ether (72 million coins) and just pull off one of the biggest scams on the plannet. Poor souls who bought... Im sorry.. IM sooooooo sorry......

Ether deserves a separate post in itself. Keep in mind this is specific to the mini-ICO's that raise 200-600 BTC's and not the large ones.

What would be a way that the community could come up with, and adhere to a process that investors can follow and issuers can follow to show the veracity of thier intentions?

I dont think ICOs as a whole are bad, but you bring up some great points, that people who are not tech savvy (in some cases not biz or socially savvy) but may have an interest in cryptociurrencies just would not know. to be contrarian, what makes a high quality ICO? so investors could be able to check boxes as a preliminary step and then use thier own judgement after they have gone through a process.

We have an industry that is built off scamming. We need to talk about these issues and fore-go short term greed for long term goals.
It is only when that occurs that crypto can really change the world. A lot of people don't realize Satoshi didn't release his code to a bunch of traders looking to pump and dump. It was released to a think-tank capable of nurturing it for 3, maybe four years before it attained scale. That kind of leadership and patience is non existent in crypto, ever since.