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A comment on The SEC has charged two initial coin offerings with defrauding investors. Parent comment

Re:The SEC has charged two initial coin offerings with defra... by nl on Saturday September 30, 2017 @08:06AM (#15372484)
lead most of our crypto community to move to Switzerland

ICOs are not crypto. They use a small amount of cryptography in their implementation, but no serious member of the real crypto community is working on any ICO (based on Ethereum anyway. Yes, a proof of stake coin is worth working on).

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Re:The SEC has charged two initial coin offerings with defra... by twic on Saturday September 30, 2017 @09:09AM (#15372687)
I assume that by 'crypto', kenbaylor means 'cryptocurrency'. It's an unfortunate but common abbreviation.
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Re:The SEC has charged two initial coin offerings with defra... by CryptoPunk on Saturday September 30, 2017 @08:53AM (#15372641)
Token sales are on track to raise over $2 billion worth of cryptocurrency this year, which is more than early-stage VC funding, and most of that for distributed application (mostly blockchain based) development.

Given crowd funding through token sales is the first major use-case for cryptocurrency, and is funding numerous cryptocurrency projects, I can't see how one could argue that it is not important to the cryptocurrency sector. Also, almost all token sales are on Ethereum.

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Re:The SEC has charged two initial coin offerings with defra... by QAPereo on Saturday September 30, 2017 @11:13AM (#15373205)
Lets see how much of that money doesn't "vanish" by this time next year.
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Re:The SEC has charged two initial coin offerings with defra... by nl on Saturday September 30, 2017 @07:46PM (#15375591)
Are any of those real things where the ICO is a critical part of the app? All the ones I've seen are gimmicks.
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Re:The SEC has charged two initial coin offerings with defra... by uberrr on Saturday September 30, 2017 @09:18AM (#15372719)
What do you mean by "more than early-stage VC funding"?
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Re:The SEC has charged two initial coin offerings with defra... by CryptoPunk on Saturday September 30, 2017 @09:21AM (#15372731)
Angel and seed VC funding:

http://static2.businessinsider.com/image/598c2fd427fa6b5e174...

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