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Comment by axiom | Hacker News Reader

Looks like the Storj coin is trading higher now than when it first launched.

The level of fraud and stupidity in the ICO world is pretty shocking. It's not going to be pretty when the bubble bursts.

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There was that SEC report a while back that sounded like it was gonna end the wild west era of ICOs, and though I don't keep up with ICO news I haven't heard of any big new launches in a while.

The thing is that icos can just move abroad.

only if they also exclude US persons

How would the US enforce that? Especially if ico runners remain anonymous

They're frequently tied to actual companies with known principals.

The ICOs enforce that, because there is no one who will stand in the USG's way from fucking them up if they don't.

How many ICOs have you heard of with anonymous-only distribution?

My impression is that it has accelerated if anything. Random teams are raising 5-10m$ daily, and people who missed out on the first wave a few months ago are now gearing up to be a part of the second wave.

A good overview of the amount of these things is here: https://www.icoalert.com/

Not all of them will raise successfully, but the percentage is way higher than you would expect. Not to mention some of the longer ongoing sales, such as EOS, with 200m+$ raises. Either way, it's still quite insane out there.

Almost all crypto market action is in China. And the ICO market there is so pathological that it's the exchanges asking for regulation.

http://news.8btc.com/okcoin-ceo-host-non-public-ico-regulati...

The incumbents are always in favor of regulation, it prevents competition.

I think in this case it's more that they already have various governments breathing down their necks, so a show of regulation is just the thing - and trying to blame the terrible assets they're trading, rather than being blamed themselves for putting them up for trading.

It's a crypto bull market. Most of the coins are at all time highs.

It is in dollar terms, but not in BTC terms...

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