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Many ICOs out there are effectively Ponzi schemes, which are near-universally illegal.
by jpatokal 9y ago
Many ICOs out there are effectively Ponzi schemes, which are near-universally illegal.
- Jabanga 9y agoI don't think any of them are ponzi schemes. Shitty investment based on speculation and hype != illegal or ponzi scheme Bubbly sectors see irrational amounts of money thrown at things that have little underlying value, like Beanie Babies, or a token for a proposed protocol described by a two page whitepaper.
- goldenkey 9y agoNo, they are ponzi schemes because they aren't enforceable.