Re: How to deal with the big amount of possible upcoming scam ico's in future?
99% all scam. SEC tweeting that they are scams, even china banning ico because they are scams
We should not generalize too much, we need to "Separate the spread from the wheat" some mechanisms need to come up...
I am curious when and what ICO you will start promoting soon.
Anyway, if investors are not protected by any law, if the developers are not accountable for their work then you know for sure it's scam.
When I will see a real company, visited by real people, with proper authorization from financial institutions, in ALL the countries they sell their ICO, then I will admit that is not a scam and I will invest in it!
Until then, all ICO's are scam until proven legit.
"When I will see a real company, visited by real people, with proper authorization from financial institutions"
There are companies running ICOs, just research a little, not many but there are.
"ALL the countries they sell their ICO":
This happens nowhere, not even in RL IPOs. The court location called is usually the country the company is located...
"I am curious when and what ICO you will start promoting soon"
The ico we are going to launch, we will launch as registered company with real people, I would never make a creepy anonymous launch.
We are prepared to pay taxes and everything else related.
I do not understand why some1 wouldn't do it official? You can rise enough funds via ICO to be legal and pay all necessary taxes to function. None official would ring my bells and prolly is high chance to be scam.