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RE: Was a dangerous precedent just set? (Looking for community input)

in #bitcoin7 years ago

I think the hype built up over the months and years of debate was set on fire by the news mass media networks reporting on the split. Everyone and their grandmother got interested in Bitcoin and wanted to have one, but not before the split happened. Also, when the split happened, a lot of Bitcoin maximalists sold all the BCC they got for free to get more BTC and drive up the price even higher.

I hate to be the one to say it, but we need some damn oversight in cryptocurrency. At least some form of governance by the people to put some rules in place to prevent people from abusing the system. Otherwise we are going to see more and more attempts at this sort of thing.

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Good points here. I agree with a lot of it, even the last part. I would like to see some regulation over ICOs and I would like to see some regulation in regards to the exchanges... their are pros and cons to both, I just think the pros outweigh the cons.

To be honest I am just tired of finding so many scams and absurd money grabs in ICO's and I feel bad for the FOMO investors jumping in on every ICO that hits the market. Something has to change!

i consider ico investment like angel investment . U spread out in the hope few hits make up for majority of the misses

I disagree with over site. I understand how you feel but it will lead to manipulation just like you see in the banks, stocks, and government itself. The people you would trust to over see those item would be in the perfect position to manipulate or be manipulated through blackmaill. It happens more than you might think, but I don't want to go down that rabbit hole right now..lol.
I am calling no one here lazy but you have to read your white papers, and educate yourself in what you invest in no matter what it is. If you don't then its just a roll of the dice or playing the lottery.