Many things are regulated via collective sense of responsibility, but what if it gets lost? It could possible harm the hole blockchain ecosystem, no?
If there would be committee voted by the community, that would give recommendation (based on free will of the ico issuer), would that work? Something like if I sign up my ico to this verification (
) process (service) it would run through an audit and if its passing, it would give some extra trust factor. But of course it wouldn't have any legal background, more a community driven (tested by community) badge or something...
Its all very theoretically, just a thought....
If there would be committee voted by the community, that would give recommendation (based on free will of the ico issuer), would that work? Something like if I sign up my ico to this verification (
) process (service) it would run through an audit and if its passing, it would give some extra trust factor. But of course it wouldn't have any legal background, more a community driven (tested by community) badge or something...Its all very theoretically, just a thought....
Don't get me wrong, I like the idea of that, but what is to stop ICOs from just paying individual members ungodly sums of money to whitelist them? Not to mention, can anyone name one person in the world that they would trust implicitly to determine what is and isn't a scam AND who they would also trust to not be bought off? I honestly can't think of anyone.