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2677098 No.2677098 [Reply] [Original]

http://www.trustnodes.com/2017/06/30/consensys-launches-due-diligence-icos

>After just three projects raised $300 million worth of ethereum in the month of June alone, leading to widespread concerns things may be getting out of hand, ConsenSys – the ethereum powerhouse – has seemingly risen to the challenge, announcing today ConsenSys diligence.

>“We plan to expand services to include assessment of legal structures and business cases. We’ll look beyond the white paper, into the fundamentals of the business plan, team, and code behind a project,” they said in an introduction of what appears to be a voluntary non-governing body.

>They provide little detail, with the project seemingly at the very inceptions, but they say they have worked with Gnosis, WeiFund, SingularDTV, uPort, and adChain while further adding they are “actively involved in writing and reviewing code deployed in production systems on private chains at some of the largest Fortune 500 companies in the world.”

>In other words, they seem to be saying that if you are a legitimate project come get a somewhat independent stamp of approval, and if you aren’t you probably should not bother since ConsenSys will likely publicize all the flaws and shortcomings.

>That would probably be where such flaws are intentional, as we’re all humans and make mistakes, so they’d probably work with good intentioned projects to address any shortcomings to the point where they are comfortable with giving their stamp of approval.

What does that mean ? That mean those guys (ConsenSys) seal of approvement will become a certification center for ICOs, the list that companies will check when they want to enter the crypto game, centralization if you want.
Of course that opens the door to various practices like pay to play ("don't have 25 000$ to give us to reviewing you token based on ETH ? go to hell) and bureaucratic rules.

Now let's see if it will tank ETH or reinforce its legitimacy.

>> No.2677125

>>2677098
Fuck off, street shitter.

>> No.2677145
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2677145

>>2677125
100% white first worlder here, not even trying to FUD.
Also not an argument.

>> No.2677157

>>2677145
Street shitting pajeet confirmed

>> No.2677186

>>2677098
scam people to enforce regulation ... so only (((proper))) companies will get "chance"..... that's classic.

>> No.2677311
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2677311

>> No.2677351
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2677351

>>2677157
Un indien ne saurait parler français mon pote, mais bon je m'en cogne anon, tu crois ce que tu veux.

>>2677186
I read a bit on ethereum forums and they fear this to become the gateway for ICOs, few of them apparently created https://icofrog.github.io/ to basically crowdsource the review of new crypto and counter ConsenSys.

>> No.2677363

>>2677098
Private certifications are part of the free-market.

>> No.2677418

>>2677363
Sure, no doubt, but it's still become private regulation past a point.
Would be better for the market to not have those companies becoming too big and calling the shots without real transparency.

>> No.2677485

>>2677418
I'm sure competitors will pop up and rate each other. Eventually, there will be a certification ico for certification icos.

>> No.2677646

>>2677363
This.
This is healthy and should offer more confidence for weak handed normies who were worried about ICO scare.

>> No.2677664

>>2677098
But there's a lot of red right now.

>> No.2677919

Who here shorting the fuck out of ETH

>> No.2677930

>>2677919
Only you pajeet.

>> No.2677949

>>2677098
>some no-name company says it's going to start certifying ICOs
>guise its over eth is regulated now, dont buy it!!!!!
>not trying to fud
riiight.

>> No.2677951

>>2677930
Well I shorted 100ETH at $265, with 3.5 leverage, it's $257 right now, I feel pretty good.

>> No.2677994

>>2677351
Pajeet inmigrant in France detected

>> No.2678038

Fuck this! Get in on the next pump that's happening today:

https://t.me/interstellarpump