Dodgy operators such as those involved in Authorship are precisely the reason I applaud the Chinese moves to try and regulate ICO's - hopefully stopping those out to turn a quick buck for themselves
RE: Breaking: Authorship ICO 'Bounty Program' was another fraud… forget that platform.
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Breaking: Authorship ICO 'Bounty Program' was another fraud… forget that platform.
I understand that sentiment.
Personally I dislike governments even more than scammers and incompetent jokers (errr, wait, gov usually is a subset of that... ) and prefer 'regulation' by 'forced transparency'. Users have way more power than they used to - doxxing, hunting down, taking down of scammers IS possible in many cases, but many in the crypto community are too lazy or are even sympathetic with the scammers.
In this case we have a - partial - success: after they saw an angry mob of crypto nerds with pitchforks would come after them, Authorship sent out an apology yesterday and has - slooooooowly - started to pay out more users. Not resolved yet, but they obviously understood they would not get away so easily...
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