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yeah, but at some point somebody needs to withdraw real currency
by vasilipupkin 9y ago
yeah, but at some point somebody needs to withdraw real currency
- psyc 9y agoRight, but it's all indirect. They don't take money from the investors. It's all happening off in cryptoland, where everything to date is pretty wild west. Now, maybe one day the courts rule on this and say "Look, we're not stupid. We know what you're really doing," but until that precedent is set, people at least believe they can get away with this. Governments have been mostly hands-off with crypto markets. Who knows how long that will last.
- vasilipupkin 9y agoI understand, but my point is if you are going to steal the money you raised in an ICO, at some point you need to convert it to fiat currency to spend it, no? at that point you will be caught