Re:Initial Coin Offerings Horrify a Former S.E.C. Regulator
by notahacker on Monday November 27, 2017 @04:13PM
(#15791451)
Yup. Whether the transaction is anonymous or not should make no difference to your decision to not to stick your capital into something which looks and quacks like a scam. Just because your circumstances deprive you of (tax free) access to investment products with market returns doesn't mean you have to roll dice on riskier negative sum bets than whatever you currently hide your wealth in. The average person chucking large sums of money at dodgy ICOs is a libertarian cryptobull with a contemptuous attitude towards the idea of legally enforceable contracts and securities laws, not a North Korean without access to a banking system.
I'm thinking a lot of investors don't care about this and just have dollar signs in their eyes.