5 ms·
If only accredited investors can buy FileCoin then only accredited investors can access the storage market. This does not seem feasible! And, indeed, it isn’t.
by rjknight 9y ago
If only accredited investors can buy FileCoin then only accredited investors can access the storage market. This does not seem feasible!
And, indeed, it isn’t. FileCoin has only done a pre-sale so far, selling securities (SAFTs) to accredited investors. They haven’t explained (afaik) how the tokens will be issued and make their way into the hands of the public. That’s why I was curious to see Grundfest citing them.
- empath75 9y agoOnce there is an active storage market, it’s no longer a security, you’re paying for a service.
- stale2002 9y agoThe different between an ICO and a regular old "creating a new alt coin" is that the Altcoin already exists, here and now. And ICO does not exist yet. It is a promise that you will recieve something in the future, but that you can't get now. Once file coin actually exists, in the here and now, and works, THEN it is totally OK for regular people to buy and sell it.