It is in my opinion that China is very short sighted in their ban on ICOs.
i disagree.
the ICOs are getting out of hand. it is becoming a huge unregulated market with lots of money going in an out of it without any rules. and in this chaos there are a lot of shady business going on. it is sometimes necessary to protect people from themselves.
But I do believe in ICOs as the future of a democratized way of getting financial support for the unbanked.
true, but so far they have been an easy way to abuse people's trust to make money.
Who said that entrepreneurs with good ideas should not be given every opportunity by the community themselves?
and who said "entrepreneurs" need to get paid to implement their ideas?
did Satoshi Nakamoto get paid, raise money,... to create bitcoin?
did Charlie Lee get paid, raise money,... to create Litecoin?
did Linus Torvalds get paid, raise money,... to create Linux kernel that millions of users are freely using today?
Do you think a country like Switzerland or Singapore welcome ICOs and become new havens for them?
no. because so far ICOs are not the best things to attract people. if things change and they become honest and people stop investing in random crap then maybe.