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Really? I hope we will enter a post-ICO era of fundraising. Tokens simply do not make sense in most cases, nor do new chains. In my startup, we're issuing Token
by the_stc 9y ago
Really? I hope we will enter a post-ICO era of fundraising. Tokens simply do not make sense in most cases, nor do new chains. In my startup, we're issuing Token-Shares (Blockchain Bearer Shares) that pay dividends[1]. I think something like this will be the future. Let people actually own and share in the profits of the enterprise. The share prices can still 10x or more, so there is still a benefit to early investors. Plus focusing on actual business fundamentals.
1: If you want more blockchainy tech, the dividends get paid into the smart contract owning the shares, automatically.
- trhway 9y agofirst time i can't get whether it is sarcasm or not.
- the_stc 9y agoAbsolutely not sarcasm. Why would ICOs giving out tokens with no equity be superior to a tokens that have equity and receive dividends?
- vkou 9y agoIf you sell equity, and will pay dividends, why not just do an IPO? The SEC will treat you as a security anyways.
- the_stc 9y agoWe're doing a blockchain IPO because the subject we deal with has significant legal issues in most countries (details in profile). We're operating as an extrajurisdictional company to get around these issues, with an anonymous founding and executive team.
- vkou 9y agoOh, right, I recall your earlier posts on this subject. That's a fair use case, although it is also fraught with legal perils.
- trhway 9y agowithout any intention of going into discussion of other aspects (personally i'm for legalization of drugs, sex, etc.), isn't investing and receiving dividends here would make one a kind of pimp?
- the_stc 9y agoA pimp takes a 100% cut and has an ownership-like relationship. We're going to take a reasonable service fee. We're against sexual trafficking and coercion of any kind. So no, I don't think reasonable people would consider our investors to be pimps. But you're right that such law would be used to go after us. That's why we're encouraging people to use Monero to invest and receive dividends and are open to other ideas as well.
- dragonwriter 9y agoLegally speaking, what is proposed for the app directly would probably fall afoul of pimping/solicitation laws in most jurisdiction which have such laws. Whether it's the moral equivalent of what people think of as pimping or pimping as most commonly practiced is, well, ultimately subjective. For an investor, it's probably detached enough that general conspiracy/organized crime laws are more applicable than pimping/solicitation. IANAL, this isn't legal advice, and even if I was and it was, you probably shouldn't take legal advice from pseudonymous accounts on internet discussion forums.