Ethereum Proposes ‘Guidelines’ To Stop ICO-Related Fraud

It looks like Ethereum’s developers and entrepreneurs have finally recognized the perils of being associated with the massively fraudulent ICO market.
ICOs have exploded since the beginning of the year as companies equipped with little more than a white paper sketching out some grandiose (and often highly improbable) killer app that somehow incorporates a monetized token trading on a blockchain much like bitcoin. So far, these offerings have raised more than $3 billion this year, and many of them are built on top of Ethereum’s platform, which enables the creation of decentralized ‘smart contracts’ that can carry out higher level functions beyond simple transfers of value.

This post was published at Zero Hedge on Nov 10, 2017.