I don't have a problem with regulating them or not, either way you have to do your research.
If regulated, then the issuers cant legally make false or hyped statements. Thus research will become more sober:
Also bear in mind that the Overstock/TZero option will not be viable for 99.9% of the ICOs that are being issued in our ecosystem, because those issuers do not want to comply with all the disclosure limitations (e.g. they cant make non factual hyped claims) and oversight on their use of the funds raised. In short, the speculation in our ecosystem doesnt want realism because the reality is that none of the projects are actually attaining any adoption or use other than selling empty speculation bags to greater fools.
Every website reporting on the altcoin boom and the initial coin offering boom has an incentive to not look too closely at the claimed numbers. Looks to me that only Bitcoin and Steemit.com have substantial numbers of real users making real arms length transactions [
] The crypto coin business is full of scammers, and there is no social pressure against scammers, no one wants to look too closely, because a close look would depress the market. There is no real business plan, no very specific or detailed idea of how the coin offering service is going to be of value, how it is going to get from where it is now, to where it is going to usefully be [
] When you buy an initial coin offering, you are usually buying shares, usually non voting shares, in a business with no assets and no income and no clear plan to get where they will have assets and income, as in the dot com boom.
The downside of regulation of token sales as securities, is
they cant actually become freely tradeable everywhere tokens legally, unless they are locked untradeable on the blockchain for 3 years.
No more get-rich-quick gains and scammy pumpy dumpy.