SEC Shuts Down Munchee ICO

Re:SEC Shuts Down Munchee ICO by debacle on Tuesday December 12, 2017 @01:22PM (#15908029)

Paper has utility outside of its value. Most coins do not.

[ Parent | on HN ]

Re:SEC Shuts Down Munchee ICO by crankylinuxuser on Tuesday December 12, 2017 @03:06PM (#15908967)

I'd counter specifically with Ethereum or Filecoin.

They both represent either computation-time or file-storage-and-bandwidth time.

Ethereum could easily represent time on a distributed AWS Lambda. And FileCoin can represent an AWS S3 storage.

It just so happens that they both are also cryptocoin.

It gets even uglier that the turning-like machine in Ethereum/Solidity also exists, kind of, in Bitcoin. In fact it was because it worked in Bitcoin they developed Ethereum. So technically even Bitcoin can do processing work. Makes everything a bit murkier to be honest.

[ Parent | on HN ]

Re:SEC Shuts Down Munchee ICO by debacle on Tuesday December 12, 2017 @03:43PM (#15909277)

You're not countering anything. I'm aware of both. The SEC is going to have to decide if these coins having utilities makes up their value.

These aren't new concepts. People have been trying to get around regulation for thousands of years.

[ Parent | on HN ]