Re:Bitcoin Tumbles as PBOC Declares Initial Coin Offerings I...
by ezoe on Monday September 04, 2017 @11:02PM
(#15172214)
ICO is like stock without the regulation.
You offered it without any promise and they buy it. You sell it all so the price goes down and those buyers lost the value.
Stock has a lot of regulation based from the many fraud cases. ICO backed by digital currency doesn't have regulation so it's like 15th century when the concept of stock appears without any regulation all over again.
You offered it without any promise and they buy it. You sell it all so the price goes down and those buyers lost the value.
Stock has a lot of regulation based from the many fraud cases. ICO backed by digital currency doesn't have regulation so it's like 15th century when the concept of stock appears without any regulation all over again.
Resulting a lot of abuse and fraud.