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Are ICOs binding? Can you claim failure after a best attempt at building the proposed product? Can you build a shitty version of the product via outsourcing v
by bhouston 9y ago
Are ICOs binding?
Can you claim failure after a best attempt at building the proposed product?
Can you build a shitty version of the product via outsourcing via Upwork to a third world country. And then claim surprise when it barely functions at all?
- vasilipupkin 9y agoI think if you don't put forward a bona fide best effort, you are vulnerable to fraud charges. Yes, you can probably build a shitty version. But if it can be proved via any email or conversation or some other means that this was your intent, you will be vulnerable to fraud charges. You can't just steal the money you raised in an ICO
- deleted 9y ago[deleted]
- roywiggins 9y agoOr own a big stake in the outsourcing company hidden behind Panamanian shell corps...
- bhouston 9y agoPass the money between shell companies via "outsourcing." That makes a lot of sense.