RE: US SEC Ruling on the DAO May Have Chilling Effect on ICO Investment
There are many ripple effects this can and/or will have. We have only seen on occasion ICOs not available to US investors.
This will just exacerbate that. Which leads to the possibility that you mentioned; other countries becoming more prominent in the crypto space. Given crypto is likely the future of transactions/currency then the US will be at risk of losing it's place as the world's superpower/reserve currency.
That's just one possibility. On the flip side, the registering of ICOs (and all coins possibly) will have the positive effect of weeding out alot of the potential garbage coins due to the resources it takes to register and launch.
That instance does have the inverse of us missing out on an innovative startup coin that will not come to be, a diamond in the rough if you will.
As I said, ripple effects in all sorts of directions. It should be interesting either way!
Excellent points. I think there could be some benefits in weeding out scams but as you say it might mean missing out on some great gems.
Centralized regulation never helps weed out corruption, it encourages it. Trust.
Agreed, garbage coins does not necessarily mean corruption. Higher the power higher the corruption usually.
yuup. this.