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Do you even need to hack it? I'm not entirely sure what fiduciary (or other) duty you owe people who invest in ICOs -- but conceivably with the right phrasing,
by SomeStupidPoint 9y ago
Do you even need to hack it?
I'm not entirely sure what fiduciary (or other) duty you owe people who invest in ICOs -- but conceivably with the right phrasing, you don't actually need to steal the money to just sit on it.
-> Talented team, crypto, yada, yada, yada.
-> ICO token entitles buyer to use all of our services.
-> Throw up site that validates token and then serves static site telling you future projects will be here.
-> Spend money on living it up while you "develop apps".
-> Alt: Put money in trust after incorporating as a non-profit; sit on returns indefinitely.
I don't think it's very hard to not technically break your word as long as you only plan to take one investment round and don't need goodwill.