Cryptocurrency Projects Should Be Held Accountable For Deliverables

in #altcoinbuzz8 years ago

It has been brought to our attention that peoples, coins just disappear and are unable to be withdrawn at specific times. The root cause of this can be in some cases associated to a lack of attention to detail or more directly irresponsible projects sleeping at the wheel and not being accountable to investors.


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That's really cool.

Great points made! This is precisely why so many ICOs will ultimately fail. It is also why regulators want to clamp down on the ease of raising millions of dollars with no commitment to the capital providers. Very similar environment from the early Dotcom days as small groups would raise millions with promises of innovative delivery of technology and ultimately did not come to fruition. I heard of a group that is using smart contracts to deploy ICOs with the capital raised as they achieve milestones instead of them having the liberty of doing what they want to do with no oversight. That could be a model that helps.

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