2 ms·
Is there an honest non-scummy way to raise capital through this mechanism for something without an inherent scarcity built into the system and that doesn't carr
by api 9y ago
Is there an honest non-scummy way to raise capital through this mechanism for something without an inherent scarcity built into the system and that doesn't carry nasty future litigation risks (or at least doesn't carry them more than a SAFE or a convertible note)?
My impression so far is no but I could be wrong.
- joosters 9y agoNone so far. There's plenty of crowdfunding sites that could be used instead, but ICOs allow the companies to raise money before they even produce a beta of their software. They also have no investor protection, so the company has no obligations to deliver. Finally, these people know that there is a pool of investors out there who think that crypto coins are bound to increase in value, so they will throw money at any new coin.
- deleted 9y ago[deleted]
- wmf 9y agoCoinList/SAFT is supposed to be that but it hasn't been revealed yet.