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I imagine blocking U.S. contributors would significantly affect the ecosystem.
by brucephillips 9y ago
I imagine blocking U.S. contributors would significantly affect the ecosystem.
- DennisP 9y agoThey're already doing it. It's near impossible to do it effectively, if the contributor is comfortable interacting directly with smart contracts, but they're doing things like geoblocking their websites, making you click a box saying you're not in the U.S., etc.
- zazpowered 9y agoMost ICOs already try to block US contributors but it's usually only based on IP which can easily be gamed
- brucephillips 9y agoInteresting. Do you know why they were doing this? Just in anticipation that the SEC would crack down?
- zazpowered 9y agoYeah it seems like people already knew it was a gray area so they did it as a precaution. I don't think this SEC notice changes very much.
- cloakandswagger 9y agoStatus prohibited US citizens from participating in their ICO and they still raised $100M. Anyone tech savvy enough to contribute money to an ICO is tech savvy enough to connect to a non-US VPN before doing it.
- Dylan16807 9y agoGood luck fending off the SEC with an argument about VPNs when you have millions of dollars of US citizen investment in your coffers.