News for hackers. Stuff that matters.

A comment on ICOs at the End of 2017: What We Think We Know and What We Don't Know. Parent comment

Re:ICOs at the End of 2017: What We Think We Know and What W... by empath75 on Tuesday October 17, 2017 @12:22PM (#15492220)
It seems pretty simple:

"Is this token being marketed as an investment opportunity?"

[ Parent | on HN ]
Re:ICOs at the End of 2017: What We Think We Know and What W... by Alex3917 on Tuesday October 17, 2017 @12:24PM (#15492246)
> "Is this token being marketed as an investment opportunity?"

Wrong. What matters is whether the person buying the token is doing so because they think it's going to go up in price. The person selling it could explicitly say that it will never be listed on an exchange or go up in value, but if the person buying it thinks it will go up in value, then the person selling it has committed securities fraud. (That's slightly simplified, but that's the general idea.)

[ Parent | on HN ]
Re:ICOs at the End of 2017: What We Think We Know and What W... by TaylorGood on Tuesday October 17, 2017 @12:31PM (#15492307)
More or less, everyone participating in an ICO expects gains. It's not for philanthropic reasons.
[ Parent | on HN ]
Re:ICOs at the End of 2017: What We Think We Know and What W... by Alex3917 on Tuesday October 17, 2017 @12:33PM (#15492331)
Sure, which is why basically all of the people running ICOs are now risking prison time.
[ Parent | on HN ]
Re:ICOs at the End of 2017: What We Think We Know and What W... by smokeyj on Tuesday October 17, 2017 @04:41PM (#15494733)
Anyone who's ever touched bitcoin or run a node is risking prison time. It's luck that running a node didn't get your door kicked in by the feds for being an unlicensed money transmitter. At a certain point you just stop caring and hope they can't lock up everyone. Seems to be working so far.
[ Parent | on HN ]