China's Central Bank Bans ICOs

Re:China's Central Bank Bans ICOs by davidgerard on Monday September 04, 2017 @09:09AM (#15167961)

This doesn't appear to be an accurate description of the ICO market as it exists. The hardest work in ICOs is the marketing. At the back end, they literally put in the fine print that the thing you just bought is worthless.

https://davidgerard.co.uk/blockchain/icos-magic-beans-and-bu...

Look up the EOS fine print. They took down the PDF, but I kept a spare:

https://davidgerard.co.uk/blockchain/references/EOS%20Token%...

TODO this evening: write up a blog post on the ICO for (I am not making this up) synthetic rhino horn dick pills.

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Re:China's Central Bank Bans ICOs by dingo_bat on Monday September 04, 2017 @01:29PM (#15169607)

It's literally saying "Give us your money and we will give you nothing in return"! WTF?!

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Re:China's Central Bank Bans ICOs by davidgerard on Monday September 04, 2017 @02:02PM (#15169817)

And EOS has been one of the biggest ICOs. Also, despite the "no US citizens" bit, it's been advertising to the general public in the US (and in the UK). They are selling an ERC-20 magic bean to be traded on the bubble machines, and both buyers and sellers are going nod-nod wink-wink.

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Re:China's Central Bank Bans ICOs by prostoalex on Tuesday September 05, 2017 @02:31AM (#15172954)

Offtopic, but I just finished reading your book, and you, sir, are very eloquent.

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