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It's a silly law. The entire finance industry rests on the principle that well informed people are allowed to make money off of poorly informed people. I think
by jondubois 9y ago
It's a silly law. The entire finance industry rests on the principle that well informed people are allowed to make money off of poorly informed people.
I think ICOs are more fair because unlike in mainstream finance, there is much less information asymmetry because the code is all there for anyone to see. Anyone can access all the information they need.
- repomies691 9y agoTo me it looks like with ICO's there is actually more information asymmetry than with traditional centralized securities markets. It is very easy for example to do insider trading with ICO's, since anonymous accounts are very easy to set up.
- CodeCube 9y agoWhether some of these ICOs are a fraud or not has nothing to do with how transparent the ledger technology is. Regardless of how well the ledger of what you "bought" is maintained, "what you bought" could still be a farce ... it could be some guy who set up a blockchain, and beckoned you from his white van with promises of candy ;)