Token startups need to start being accountable for the fundraising they have completed, and this starts with providing token investors more clarity into finances at any given time. None of us want to be holding on to the next Enron, Worldcom, or Madoff. How do we prevent that? Self-regulation and standardized due diligence is a start.
Self regulation is not going to work, the icos had a chance to do that for years and this is precisely why we are in the situation we found ourselves immersed, in my opinion the people are the ones that need to change their habits, we need to start demanding this kind of stuff and the ico that does not comply will not get an investment out of us, if enough people do this icos will begin to show this information.