Re:SEC shows support for ICOs that are not obviously securities
by nostrademons on Monday September 18, 2017 @12:04AM
(#15273322)
Why do people fund projects on KickStarter or pre-order the latest iPhone? Sometimes people really want something and expect future scarcity, even if there's no chance of price appreciation.
The interesting thing about ICOs in this category is that there's a potential secondary market, so if there turns out to be significant scarcity, the price may rise, but if not, it's worthless (other than for its intrinsic value). But this isn't all that different from GMail invites circa 2004.
The interesting thing about ICOs in this category is that there's a potential secondary market, so if there turns out to be significant scarcity, the price may rise, but if not, it's worthless (other than for its intrinsic value). But this isn't all that different from GMail invites circa 2004.