Re:China's Central Bank Bans ICOs
by slowmotiony on Monday September 04, 2017 @08:39AM
(#15167812)
Yeah well there's also shitty companies which are publicly traded, I'm supposed to make my own choice here aren't I? Isn't that the point of investing?
[ Parent
| on HN ]
So current situation is like using Google and Facebook ads (literally) to raise money. Exchanges on which these ICOs are traded are not regulated. So volume can be fake and likely is. Furthermore money could be coming from anywhere. It could be money laundering simply. So it's not as simple as government is stopping me from burning my money