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As someone who is doing a similarly-shady project without any investment, this whole idea that you can take money via blockchain and get away with it is stupid.
by sillysaurus3 9y ago
As someone who is doing a similarly-shady project without any investment, this whole idea that you can take money via blockchain and get away with it is stupid.
You're going to get caught. Then what?
The only way to do projects like this is to do it free, without receiving any substantial amount of money. I'm probably going to do an ICO, but it's solely to cover my own dev costs. The token won't have any utility. I won't have "investors" in the sense that people are expecting a >10x return. They're only "investing" in the vision and the people, not monetary returns.
You can't just take untraceable money for making a prostitution app and then expect the world to be ok with what you're doing. Heck, people will hate me for my project if it goes anywhere and the only thing that will save me (hopefully) is that I didn't try to turn a profit while doing it.
Raising money and trying to build out a huge team while skirting the law so flagrantly is a pipe dream and it makes me question your motives.
- the_stc 9y agoThe vast majority of our contractors are going to be hired in a trustless manner and do not pose a risk to Pink itself. The only people that do are well-known, trusted, people that have been though previous projects. As far as getting the money out, first, a lot of the business is cash and the providers just keep it, just like today. The profits mostly go to investors, so we're talking anyone who buys an ERC20-tokenshare. Use Tor, tumble coins and then run through ZCash and Monero if you're really concerned. Look at all the indictments for similar projects. So far there's been no real tracing of money, just huge opsec errors.