the SEC recently targeting Icos, a scary thing? far from it!

An outlook on the current market sentiment, and why its all actually bullish!

on regulation

After the Bitcoincash forking drama recent headlines have been about a so called ICO crackdown by the SEC.

“According to a press release today from the Securities and Exchange Commission, both Paragon and another company doing business as Airfox (officially registered as CarrierEQ) have reached settlements with the agency for failure to register their tokens as securities or their token sales as securities offerings.
Each firm has agreed to a settlement of $250,000 and several important items of responsibility. First and most notable, all affected investors in either company have an opportunity to request a refund.”

How is this bad news? the fine is tiny investors can get a refund which is actually a good thing and longterm will establish MUCH more trust in Crypto.
The way the SEC handles this cases also shows us that they are fully aware that crypto ICOs are a relatively new phenomenon and the way I see it they give projects a very decent way out.
The fines are not that high compared to the millions those ICOs collected, there where no arrests and I’m sure if an active ICO would approach regulators things could be settled even more calmly and professional.

The ONLY icos and projects that should fear recent events are scams and vaporware.
most icos and platforms have been tackling regulation for months now WAVES Platform even creating a self-regulatory body with Deloitte and Covesting achieving a full license in Gibraltar!

Many more solid projects are working on this steps, this was just to name a few.

A few things will change with time, and while I am a true freedom fighter and believe in a decentral world, crypto lately has shown us that we are not ready for a fully “free market”.

Sadly a lot of behavior from the “old world” especially greed has made its way into crypto, and scammers from around the world have simply used this epic space to fill their pockets and abuse the intense passion we all have for it.

While I DO believe we need to govern ourselves and don’t need a central authority, at this moment there simply isn’t any decentral alternative in place.

Crypto is a wild and hostile jungle and you can get eaten alive.

This doesn’t serve ANYBODY, the image of crypto is hurting, investors are traumatized and don’t invest again, and solid projects fade in the shadow of scams and drama news.

So the SEC will watch icos closer, projects will need 2 be more transparent in the beginning and offer more alternatives than going off the grid after ICO and claiming “sorry we cannot talk about token price after 90% declines..”

What this all tells me is, we are now big enough to get their attention, which is indeed a huge step.

on the market

It’s been some very hard months indeed, this bear market seemed to show no end, and at the first signs of a bullish reversal the huge BTC/bch forking drama started, now it got topped with the SEC drama.

The bottom line is, someone wants Crypto not to fly yet, may it be institutions who are not done accumulating or platforms who aren’t done with regulative steps, apart from investors no one really seems to want prices to fly again.

You can also see this the way media operates, focussing on negative drama and completely ignoring the achievements many many projects made.

As said above I see the regulative steps midterm, not as a bad sign at all, it will greatly increase the standard of ICOs. The only fear is that community coins and fun projects will be harder to pull off, there I hope that more clear regulations soon will follow.

The distance from regulations to save investors and sheer oppression is a short one, and we must be careful to not ask for totalitarian steps, cause we got so scared.

So what’s really needed for a glorious bull market?

• clearer Regulations
  Many are still confused about certain terms, also being a security is nothing bad or illegal IF certain steps are taken.
• Results
  Yes, the euphoria phase is long gone, no one is impressed anymore by shiny sites and whitepapers, since crypto IS a new technology there has to be the research phase, but its now time to show what blockchain actually can and should do.
  Real-world adoption, revenue, and solid use case is needed but also showcased. Most investors STILL fall for the hype and don’t weight in these factors or simply don’t understand them cause they have no business background prior to crypto. We need a few blockchain projects that show us how it should be done, so we have a reference. In a fully theoretical space, the more buzzwords the better, and this fictive state needs to end.
• Scalability
  Which leads me to the earlier mentioned buzzwords, most ICOs so far where build on Ethereum and simply wheren’t scalable. Abuggy slow and expensive disaster was the result. I am certain with platforms like Waves, Vechain and NEO we can now actually deliver!
• Community
  When I started the crypto community was a hardcore group, sticking together, the general enemy where banks and fiat, we would discuss monetary systems solutions, it was epic.
  Nowadays it has become a hateful place of “I wanna get rich quick” kids and opportunist’s who couldn’t care less about crypto “but wanna have a say in a trendy topic”
  Then you have the tribal fanboys who fight each other ( XRP is the new standard, XVG vs TRON, etc)
  I also think hostile forces have begun using social media to constantly bash this disruptive blockchain force.
  We need a new spirit, we need a form of regulating ourselves, of finding decisions and researching solutions.

The latest example of failing governance is the huge bitcoin/bitcoin cash and nowadays BCHSV vs BCHABC consensus mining disaster.

It is clear to me that PoW is not a fitting algorithm for governance, which makes me bearish on any project relying on it.

We need to talk more about governance, distribution of wealth and power.

There’s a lot of work to do, but if we succeed this world will not be the same. In the end, we will create a more modern and more transparent system, that will free humanity.

-tehMoonwalkeR

💠 My site for the WAVES moonwalker node: https://moonwalkerspicks.com/

How to lease: https://docs.wavesplatform.com/en/waves-client/account-management/waves-leasing.html

Telegram:
💠 Announcement channel: https://t.me/tehmoonwalkin
💠 Discussion channel: https://t.me/joinchat/FgncLw8SKo3w_nrlvmpeUA