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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 conanbatt on Monday November 27, 2017 @04:11PM (#15791440)
Are you account for the damage done by restricting investment into this?

They say as much money moved into ICO's in the last 6 months as VC funding in the valley. To the very least, thats double the funding for tech startups: higher wages, more founders and higher absolute investment returns.

The tragedy is that scam ICO's make it because they cant put it into better investments due to regulation. Its the classic case of a damaging restriction.

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Re:Initial Coin Offerings Horrify a Former S.E.C. Regulator by notyourday on Monday November 27, 2017 @04:34PM (#15791663)
Yes, I do. ICOs are scams.
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Re:Initial Coin Offerings Horrify a Former S.E.C. Regulator by conanbatt on Monday November 27, 2017 @04:45PM (#15791760)
And in good part provoked by the regulations you are in principle protecting..the people that put money into the ICO's most likely cannot legally invest in any startup in the U.S.
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Re:Initial Coin Offerings Horrify a Former S.E.C. Regulator by notyourday on Tuesday November 28, 2017 @10:05AM (#15797839)
Of course they can:

they (a) lie on their attestation and (b) waive their right to sue

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