Investors in ICOs could see jail time, not just lose capital
I haven't really been able to wrap my head around why large investors with significant profiles are leaping so carelessly into ICOs. The same kinds of VC information games we're all used to take on completely different dimensions of risk with retail investor money on the table. I hear about large funds out there helping coordinate ICO raises, setting terms and stages for the raise, and obtaining information from the company that they know retail investors don't have. It's basically begging for the SEC to come down like the hand of God once they decide your token is a security. Which it is. So I wrote a post about it, and would love to hear some ideas on why I might be wrong. http://ift.tt/2lYlYFD 1 comments on Hacker News.
I haven't really been able to wrap my head around why large investors with significant profiles are leaping so carelessly into ICOs. The same kinds of VC information games we're all used to take on completely different dimensions of risk with retail investor money on the table. I hear about large funds out there helping coordinate ICO raises, setting terms and stages for the raise, and obtaining information from the company that they know retail investors don't have. It's basically begging for the SEC to come down like the hand of God once they decide your token is a security. Which it is. So I wrote a post about it, and would love to hear some ideas on why I might be wrong. http://ift.tt/2lYlYFD
I haven't really been able to wrap my head around why large investors with significant profiles are leaping so carelessly into ICOs. The same kinds of VC information games we're all used to take on completely different dimensions of risk with retail investor money on the table. I hear about large funds out there helping coordinate ICO raises, setting terms and stages for the raise, and obtaining information from the company that they know retail investors don't have. It's basically begging for the SEC to come down like the hand of God once they decide your token is a security. Which it is. So I wrote a post about it, and would love to hear some ideas on why I might be wrong. http://ift.tt/2lYlYFD 1 comments on Hacker News.
I haven't really been able to wrap my head around why large investors with significant profiles are leaping so carelessly into ICOs. The same kinds of VC information games we're all used to take on completely different dimensions of risk with retail investor money on the table. I hear about large funds out there helping coordinate ICO raises, setting terms and stages for the raise, and obtaining information from the company that they know retail investors don't have. It's basically begging for the SEC to come down like the hand of God once they decide your token is a security. Which it is. So I wrote a post about it, and would love to hear some ideas on why I might be wrong. http://ift.tt/2lYlYFD
Hacker News story: Investors in ICOs could see jail time, not just lose capital
![Hacker News story: Investors in ICOs could see jail time, not just lose capital]()
Reviewed by Tha Kur
on
January 04, 2018
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