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Re:The SEC has charged two initial coin offerings with defra... by zaroth on Saturday September 30, 2017 @11:44PM (#15376271)
I think the example was transferable coupons for free tacos which don't expire.

They are certainly not shares. But could you turn such a token into an investment opportunity? Certainly you could.

The stunning reality is that Blockchain technology makes practically everything a security. SEC's wet dream.

It's probably why, on some level, all coupons carry the disclaimer that they have no (or nominal) cash value, and are void if tranferred.

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