> taking on the weird regulatory risk and all the other weirdness associated with Telegram's (IMO crazy) ICO
To make this more tangible, doing an ICO means a prosecutor can personally threaten anyone on the team with violating securities laws. That's a stupid risk to take if you know, as an organization, you're going to fight the U.S. government in court one day.
To make this more tangible, doing an ICO means a prosecutor can personally threaten anyone on the team with violating securities laws. That's a stupid risk to take if you know, as an organization, you're going to fight the U.S. government in court one day.