ICO Greed? IRS is COMINGsteemCreated with Sketch.

in bitcoin •  7 years ago 

ICOs are becoming more and more greedy, EU has new rules that are important to everyone working with blockchain, IRS wants crypto taxes.

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  ·  7 years ago (edited)

Some regulation can help the market grow in long term. I am somewhat concerned that the regulation can be too tight since IRS wants $$$$. @ivali what do you think?

I'm used to talk with ICO projects on my daily work and is not rare to hear things like "we raise X millions because we can, not because we really need them", so yeah there is greed, independently of the IRS / EU regulations :)

Hi Ivan.

Thanks as a;ways.

A lot of icos are also only doing private sales at all and no crowd sale anymore. I think they are a little bit afraid that the hammer from the SEC will hit them otherwise.

Unfortunately greed and cronyism is the flip side of 1000X returns and is what happens when there is no regulation in a market. I hope that the crypto community makes a big effort to regulate itself and define some rules of best practise that can be used as a template for future ICOs.

Counting him watch live streaming You Can not Know Anything From Taxes It's like laughing microorganismus. Good Thoughts for Reminding

EcoSm Bincke Inven More Grady, Beaccess Thay Want To Make It Bigger Work With Blackberry

Your captions are very beautiful, every post in your post is found online, you can find many beautiful post brothers

ICOs become even more greedy, because they want to make it bigger. Work with BlackBean

Ok gonna watch live streaming. You cannot hide anything from taxes. Its there like microorganisms. Well thanks for reminding

@ivanli i like tge way you laugh ....
Reminds me of a friend...
The same way you giggle...

Great analysis buddy @ivan Liljeqvest...
Your analysis is really need for Crypto holder to know what coin is best now and what the market fact... I really wait for your discussion about BTC and other currency... Many many thanks for giving us free discussion ..

It is hard to find a reason not to try to raise money through an ICO. Right now, it is superior to everything else available, and since there is no real governance it is possible for the company to tweak the terms of sale in their favor at the expense of the investor. Up until now, this has been the case in most ICOs. If you lack the resources necessary for an investigation and are not fully literate in the language of ‘code’ this would go under your radar, which is, of course, the intent.

Ivan are you a smoker? You are coughing alot, :)

Always inspirating information thanx