Re:Initial Coin Offerings Horrify a Former S.E.C. Regulator
by xadhominemx on Monday November 27, 2017 @04:36PM
(#15791671)
Even if blockchains/cryptocurrencies replace fiat currencies and ICOs replace IPOs on a stock exchange, little about Wall Street does will actually change. Securitizing and aggregating securities into portfolios, lending, marketing and pricing securities, advising issuing entities, etc., the things investment bankers occupy themselves with every day, do not go away because of cryptocurrencies and ICOs.
[ Parent
| on HN ]
Re:Initial Coin Offerings Horrify a Former S.E.C. Regulator
by JumpCrisscross on Monday November 27, 2017 @05:32PM
(#15792242)
> the things investment bankers occupy themselves with every day, do not go away because of cryptocurrencies and ICOs
Pardon me, I was being facetious. We agree. I was responding to a comment claiming investment banks "are clearly threatened by the ICO boom" [1]. Wall Street is more likely to coöpt, as opposed to be replaced by, blockchains.
Re:Initial Coin Offerings Horrify a Former S.E.C. Regulator
by xadhominemx on Monday November 27, 2017 @05:33PM
(#15792255)
Your parody is very good!