Quote from: tokeweed on September 05, 2017, 05:44:18 AM

Quote from: charleshoskinson on September 04, 2017, 07:58:09 PM

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We said there would be an ICO fallout back in March that would occur during the end of summer. This Charles guy is slow to predict... The entire Altcoins market has been run up by these ICO scams but now they are illegal as predicted and goodbye market. HODL THE Bitcoin not the Altcoins.

To be fair, I've been critical of most ICOs since the DAO and have publicly stated so. After seeing the wave of stupid/greedy money chasing P&Ds, I decided to become much more public about it with the Bloomberg article. No one seems to answer a simple question, "if you get a 10x, then who is buying the asset from you to realize the gains and why are they buying it?" If the answer isn't because they can do something with the token, but rather because they believe it's going up, then you have a Ponzi scheme brewing.

Nothing grows to the sky and pure greed has replaced rational thought.

The thing is tho, after everything falling and collapsing, what's left is only greed. Whatever it is, be it ICO tokens or pennystocks, 'greedy people' (or smart people?) will always come up with 'investment vehicles' to make money and get rich quick. There's no other way around it.

And what's going on with ICO's and all that, it's really nothing new. Honestly, I hope it lasts longer than the tech bubble.

ICOs are dead and ICO-issued tokens will eventually be illegal to trade every where. But fundraising can still be accomplished without ICOs, in a legal way.

So yeah I agree in the sense that the speculation will simply shift to the legal way. But the ICO-issued coins are hot potatoes now. Potential losses due to frozen tokens on exchanges, potential fines, and potential jail time awaits those who continue to trade them.

Note the legal way will change the nature of fundraising. No longer will it be possible to pre-mine tokens and sell them while making promises about expectations-of-profit. Instead it will require that the shares investors receive are not-tradeable and cant receive a dividend until the project and ecosystem are fully matured some years hence. This will remove all this ridiculous nonsense we had with the Ethereum ICOs recently.

Thus the supply of legitimate opportunities will shrink and the bonafide ones will receive more focused attention from our market.

Its all good. We should cheer. Especially if you had listened when you were warned 2 days ago to sell all ICO-issued tokens.

Quote from: Indrawan77 on September 05, 2017, 12:25:13 AM

can be banning existing ICO

Existing ICO-issued tokens will become illegal, because investment securities are illegal to exchange if not on a registered exchange. And illegally issued investment securities are never legal to trade.

Thus ICO-issued tokens can not be spent decentralized. They are useless because cant function as a cryptocurrency. At least not legally.