ICOs at the End of 2017: What We Think We Know and What We Don't Know

Re:ICOs at the End of 2017: What We Think We Know and What W... by Alex3917 on Tuesday October 17, 2017 @11:57AM (#15492009)

The only innovation that tokens bring to securities is reducing the cost of recording who owns what shares. Which is certainly important, in fact one of the most important innovations since the 1400s, but the idea that this new feature would have any impact whatsoever on the interpretation of our existing securities laws is insane.

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Re:ICOs at the End of 2017: What We Think We Know and What W... by KasianFranks on Tuesday October 17, 2017 @12:14PM (#15492153)

No it is not. I ran an OTC co and saw the manipulation first hand. You are incorrect. https://news.ycombinator.com/threads?id=KasianFranks&next=14...

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Re:ICOs at the End of 2017: What We Think We Know and What W... by Alex3917 on Tuesday October 17, 2017 @12:17PM (#15492179)

I didn't say it eliminates the need for third-party auditing, which it doesn't, only that it reduces the cost.

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Re:ICOs at the End of 2017: What We Think We Know and What W... by KasianFranks on Tuesday October 17, 2017 @12:37PM (#15492376)

It not only reduces the cost, it keeps people honest, which is what humans like Jamie Dimon and some investors do not like.

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Re:ICOs at the End of 2017: What We Think We Know and What W... by JumpCrisscross on Tuesday October 17, 2017 @12:42PM (#15492411)

> which is what humans like Jamie Dimon and some investors do not like

There are plenty of people on this thread (myself included) who believe regulators are overdue in cracking down on this space. No need to invoke a bogeyman.

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Re:ICOs at the End of 2017: What We Think We Know and What W... by KasianFranks on Tuesday October 17, 2017 @01:35PM (#15492883)

They should have cracked down on banks (too big to fail, if you remember) before ICOs and crypto. Lesson learned.

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