Re:The ICO paradox and how to fix it
by galaxyLogic on Tuesday March 13, 2018 @04:44PM
(#16579619)
No I would say much investment is not about "greed". It is wise and prudent to invest in good things. A farmer invests in the seeds and time it takes to grow the crops.
But yes I agree fraud should be illegal and misleading advertisement is a bit of a fraud already, mis-representation of facts.
But informed people are hard to mislead, the question is who can you trust to give you correct information? I say that is best done by a democratically elected government.
The job of government is to protect us, not only from hostile foreign powers, but also from fraudulent information. Sometimes the two go together. Not all governments will protect us against fraudulent information, only the representative, democratically elected ones will.
Re:The ICO paradox and how to fix it
by s73v3r_ on Tuesday March 13, 2018 @06:06PM
(#16580303)
The entire point of investment is that you believe that you will have returned to you more than you put in. Otherwise they'd just give the money to the organization as a donation.
But yes I agree fraud should be illegal and misleading advertisement is a bit of a fraud already, mis-representation of facts.
But informed people are hard to mislead, the question is who can you trust to give you correct information? I say that is best done by a democratically elected government.
The job of government is to protect us, not only from hostile foreign powers, but also from fraudulent information. Sometimes the two go together. Not all governments will protect us against fraudulent information, only the representative, democratically elected ones will.