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Sigh... I'm sure many people will be overjoyed when the SEC comes to town and start treating everyone investing in ICOs like children that need to be protected

by drcode 9y ago

Sigh... I'm sure many people will be overjoyed when the SEC comes to town and start treating everyone investing in ICOs like children that need to be protected from their own free actions. Sorry, but I'm skeptical this will make the world a better place (and yes, I fully agree many of these ICOs will likely end up being bad investments)

hudon 9y ago
We get it, you're a sovereign individual. That doesn't mean we shouldn't educate people about what exactly they are buying and the risks involved. There is a real risk here that many of these ICO teams get heavily fined and shut down by the SEC, regardless of if you think the SEC existing is a good thing or not. Spreading this knowledge is the right thing to do, trying to get people to turn a blind eye will only make you look more like you're trying to promote a ponzi scheme. Again, this comment implies no notion of ethics in the existence of the SEC or the tokens. I'm only promoting buyer-awareness.
- nivertech 9y ago
  IMO "a sovereign individual" / "accredited investor" / compulsive gambler / etc. should be opt-in vs. opt-out or rich-only-opt-out
- drcode 9y ago
  That's actually fair, I haven't invested in any ICOs because I agree most of them are bad investments long term.