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A comment on SEC halts Telegram's $1.7B token offering. Parent comment

Re:SEC halts Telegram's $1.7B token offering by snagglegaggle on Friday October 11, 2019 @06:06PM (#21228928)
A large number of people "invest" in collectibles only to resell them for a higher price. See: beany babies, trading card games, figurines, dolls. Just like those items tokens can be owned though their representation isn't much to look at. I'm not sure that is a useful distinction, unless you can explain further? E.g. why doesn't it apply to intellectual property?

I keep getting downvoted -- I'm not arguing that Telegram has a workable business plan, just that this isn't really something the SEC can regulate.

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Re:SEC halts Telegram's $1.7B token offering by milankragujevic on Friday October 11, 2019 @06:10PM (#21228948)
You can put collectibles on a shelf to impress likeminded friends. Or to feel happy. You can only trade securities and other similar assets. Also, generally if everyone bought figures to resell... I dont know how that can work... There is always an "unlucky fool" who buys from "scalpers" and keeps the item.
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