As major players in the global community start to regulate the cryptocurrency space the amount of ICO's allowed could be greatly reduced or banned altogether (see China and South Korea). A recent Forbes (1) article suggested that nations are taking notice of the space in a major way and each will be deciding if they are going to allow traditional investments. Countries will want to ensure that new projects are legit and most haven't ruled out possibly banning new blockchain currencies from being offered for public consumption.
If the recent trend of ICO bans continues then the only way (that I can think of) to create/offer new projects will be to fork off of an existing project (like bitcoin). My question's to the Steemit community are:
Are ICO's and forked currencies good for the community?
Do you think ICO's should be banned?
If so, will the rate of forked currencies increase?
I would love to hear your thoughts in the comments below!
Definitely there will be a decrease in the number of ICOs as more regulations are setup. But in my opinion, ICOs should not be banned. Forking depends on the differences in idea within the community. Reduced number of a projects does not imply more forking.
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Well said! But do you think that a ban of ICO's would create more Forks, only because forking could be the only avenue to bring a new currency to the public?
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