4 ms·

"Token Sales" are unlicensed security sales[1], please be very wary of sending them money if you live in the United States. [1] https://hackernoon.com/dear-sec

• drcode 9y ago
  That post was written by a person who also writes stuff like this, just so you know who you're putting up as an authority on security sales: https://twitter.com/derosetech/status/866740735558680579 https://twitter.com/derosetech/status/866740735558680579
  • hudon 9y ago
    Someone being an asshole does not preclude them from being right. If you're protecting your investment with "but the critics are misogynist!", I'm afraid it's a charade the SEC will see right through.
  • to3m 9y ago
    Another criticism: https://prestonbyrne.com/2016/08/12/against-crowdsales/ https://prestonbyrne.com/2016/08/12/against-crowdsales/ As for DeRose, if he isn't actually an asshat, he's certainly doing a flawless impersonation of one. But many of his points are correct nonetheless. Though do note that as a Bitcoin maximalist he would be making very similar arguments even if he were wrong ;)
    • Jabanga 9y ago
      A much more comprehensive analysis by experts in US securities law: https://www.coinbase.com/legal/securities-law-framework.pdf https://www.coinbase.com/legal/securities-law-framework.pdf
• regulation_d 9y ago
  So which of the enumerated types of securities listed in 15 U.S.C. §77b(a)(1) does a cryptocurrency fall under? Also, how often has SEC gone after the purchaser of an unregistered/unexempted security. Not very often, I would guess.
• oron 9y ago
  אדל עושה++++++++++