Who should make these regulations? is there any team or people who can regulate ICOs? between nice point of view we really need to clear scam ICOs.
Us. Investors, crypto currency enthusiasts. We need to spread our thoughts and opinions because it is regular people that are investing in these coins without a second thought. We as investors and enthusiasts need to stick together to help promote this idea of extra layer standards.
I guess we are in a transition phase from the period when people would invest in ICOs just as ICO flippers (resell immediately for inflated price) and the period where people are discovering that if the project sucks, so does their investment.
People seem to forget business investing strategies that have been around for many many years. People often will go completely against traditional investing ideas, which is why we are seeing such a painful backlash.
Standardization is so much needed in the crypto world because any one can wake up in a day, create a coin and go for an ICO but if there is a standard this will reduce a lot of shit coins creation and scams by developers. It will also give the mainstream society especially those that do not have faith in digital currency a reason to belief in crypto coins . Regulation is needed for full acceptance of crypto currencies
Exactly, and these standards will arise whether we petition for them or not. People are going to start getting burned and investments that were made with the first round of this ICO frenzy are going to start coming back soon. And when that happens, the market is going to turn sour for a period of time. People need to wake up now and fix this problem before it gets worse.