SEC Charges Kik With Conducting $100M Unregistered ICO

Re:SEC Charges Kik With Conducting $100M Unregistered ICO by vorpalhex on Thursday June 06, 2019 @12:05AM (#20111489)

When I back a kickstarter, I'm probably going to get something like a signed book or a credit in a game - maybe not but at least most of the time.

In an ICO, I get a... theoretical security? A kik kin coin that may or may not have value?

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Re:SEC Charges Kik With Conducting $100M Unregistered ICO by penagwin on Friday June 07, 2019 @01:18PM (#20126749)

I think you're confusing ICOs with market value.

You don't back an ICO because its "value will go to the moon", you back an ICO because invents a new way for -- Creators to get paid instead of using advertisements, creative ways to organize some kind of distributed system.

The scam comes from them not completing their promises and leaving with the money and no "product". The coin's value is irrelevant (as long as it isn't 0)

[ Parent | on HN ]