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A comment on Initial Coin Offerings Horrify a Former S.E.C. Regulator. Parent comment

Re:Initial Coin Offerings Horrify a Former S.E.C. Regulator by kirillseva on Monday November 27, 2017 @03:44PM (#15791136)
> Why do we allow people to spend 2M$ on a Car or 6k$ on a bag?

Soviet Union famously regulated this very well. These luxury goods were only available to accredited investors aka the Party elite.

It seems to me that back then this behavior was condemned by the people of the Land of the Free.

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Re:Initial Coin Offerings Horrify a Former S.E.C. Regulator by emodendroket on Monday November 27, 2017 @04:05PM (#15791391)
The party elite wasn't particularly rich compared to other countries; that was one reason they went to a new oligarchical system. c.f. https://img.huffingtonpost.com/asset/5994af682700003100d4f5f...
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