You are viewing a single comment's thread from:

RE: Should I consider moving back to France?

in #steemit7 years ago (edited)

France is to set up a voluntary regulatory framework for ICOs as we recently revealed.

I think ICO regulations are a good thing. Without any regulations 90% of them will be failures regardless of whether or not they are scams, cash grabs or legitimate projects. Verified projects mean nothing. Almost always, the ICO's first priority is to make the team rich, their second priority is to find a "utility" as a pre-text for their first priority...

Sort:  

the ICO's first priority is to make the team rich

I've seen some pretty good projects that had a very nice team and follow-up right from the start. I wouldn't say that they're the majority of the cases, but I still have some hope for the tendency to be toward advancement rather than unjustified enrichment.

Also, I didn't know you could use bots to upvote comments! Is @gentlebot one of the bots on Steembottracker?

I definately think most of the ICO’s will not exist in the next few years. Yes, there are many great ICO’s with great future. Regulations will only help investors in my opinion. Once there are regulations, the amount of ICO’s will drop. Only real projects will survive.
I didn’t use this bot, I think he votes randomly. I’m thankful though.