Goodbye ICOs, hello ILPs?

Re:Goodbye ICOs, hello ILPs? by nemild on Thursday April 12, 2018 @06:56PM (#16825709)

But if it's an entitlement to a % of profits, then it is much more like equity.

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Re:Goodbye ICOs, hello ILPs? by pryelluw on Thursday April 12, 2018 @07:04PM (#16825744)

It's a contract to get dividends on a loan that is based on speculation of profit (not tied to any assets). So, yes, a worse version of equity in a startup.

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Re:Goodbye ICOs, hello ILPs? by JumpCrisscross on Thursday April 12, 2018 @07:06PM (#16825761)

> a worse version of equity in a startup

Minus the enforceability or equity and bond claims. So a combination of the worst elements of equity and debt plus additional negatives. Financial innovation at its finest...

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Re:Goodbye ICOs, hello ILPs? by pryelluw on Thursday April 12, 2018 @07:32PM (#16825862)

It being blockchain based makes it innovative. I mean, it's linked lists 2.0: electro bugaloo

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Re:Goodbye ICOs, hello ILPs? by charlesdm on Thursday April 12, 2018 @07:14PM (#16825801)

It's a profit participating loan (PPL)

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