We are in a system where so many ICOs come in to attract investors. Some end up succeeding, while a larger percentage either fail or end up being scam.
Yes, we are operating in a decentralized system, where individuals are in full control of their assets. Yet, a decentralized system can still be controlled under a trusted body, when it comes to lunching an ICO.
Yes, every developer has the right to lunch an ICO and we have ICO listing sites. Since most of these sites have compromised in their listing, why don't we have a trusted body, that would volunteer, without collecting any charges, at least to sanitize and purge the system of scam ICOs.
Every developer that registers with them should be questioned and be ensured to have good integrity.
Then investors will have the confidence to invest into any of the projects.
Well, this may not outrightly nullify other ICOs from lunching independently.
This is just a suggestion.
Views, comments and contributions are welcomed.
Good idea. But from the above idea there will be a question like this "who will be the voluntary party?". What is the government? If it's a government, it's impossible because the decentralization system is against it, or is the party in question a developer? That's not possible because the developer doesn't have integrity for that. Sometimes a good idea is not necessarily the right solution to overcome the problem.
daarul50 is right because as soon as you designate a central body to take responsibility for this, you are making the same mistake again. Once central party with the power to decide what is right and what is wrong.