Re:The China ICO Ban
by DiNovi on Tuesday September 05, 2017 @02:31PM
(#15177895)
No, that is not their fear. Governments barely care about scams in general - Madoff got off pretty lightly. The fear is losing control of monetary policy. But IMO governments won't outright ban these but come to some sort of middle ground where they get some sort of cut.
[ Parent
| on HN ]
Then they should have banned all cryptocurrencies and ban exchanges/miners. But they specifically targeted ICOs. If they were worried about losing control of monetary policy you'd think they would ban others as well?
Madoff's money was seized, 80 millions were given back to debtors. He got sentenced to 150 years in jail. His son had to pay millions in damage too. I am not sure what you mean by "lightly".
"Madoff got off pretty lightly"
He was sentenced to 150 years. «Lightly.»
Re:The China ICO Ban
by ShabbosGoy on Tuesday September 05, 2017 @05:49PM
(#15179398)
"I'm not ashamed to admit it. When we arrived to prison, I was absolutely terrified. But I needn't have been. See, for a brief fleeting moment, I'd forgotten I was rich and I lived in a place where everything was for sale."