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RE: The Danger of The Billion Coin and Onecoin Scams.

in #onecoin8 years ago

I also don't want to see crypto attracting too much regulatory attention. One reason I got into it in the first place is because it's so convenient not to have to deal with all that red tape. Unfortunately continued scams and high profile hacks such as The DAO, Bitfinex, etc are likely to catch the eye of the regulators. We've already seen in New York how heavy handed legislation can stifle the industry. I sure hope that doesn't start spreading elsewhere.

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The one good thing about the ICO stuff and Altcoins is that they address crypto people. I see that as a kind of B2B relationship where "buyer beware" rules. OneCoin etc targets Noobs and Moms and Pops and they are pure scams.

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