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An incredible display of pragmatism from our regulators. Given the commentary on HN it seems that most here want everyone involved in an ICO to be thrown in jai
by seibelj 9y ago
An incredible display of pragmatism from our regulators. Given the commentary on HN it seems that most here want everyone involved in an ICO to be thrown in jail. ICO’s are an effective way to raise funds from a global pool of enthusiasts. The Ethereum blockchain itself was funded from an ICO, and it’s doubtful that as much money would have been raised at such advantageous terms from traditional VC for a 22 year old kid like Vitalik. Very, very good news.
- RexetBlell 9y agoHe was 19 around the time when Ethereum was raising money.
- wmf 9y agoYes, ignoring absolutely all regulations does tend to be advantageous.
- forapurpose 9y ago> it’s doubtful that as much money would have been raised at such advantageous terms from traditional VC for a 22 year old kid ... Why not? Isn't that the story of many wildly successful SV startups?
- brucephillips 9y ago> ICO's are an effective way to raise funds from a global pool of enthusiasts. Once they're regulated as the securities they are, what advantage do ICO's have?
- Kadin 9y ago> The Ethereum blockchain itself was funded from an ICO, and it’s doubtful that as much money would have been raised at such advantageous terms from traditional VC I'm not sure this argument is as strong as you seem to think it is.
- ryanSrich 9y agoConsidering Ethereum's market cap is currently 1/2 of a trillion dollars, I'd say it's a pretty strong argument...
- dumbfounder 9y agoIt's at $70B right now, which is about 1/14 of a trillion. All of crypto is about 1/2 a trillion though.
- chinathrow 9y ago> ICO’s are an effective way to raise funds from a global pool of enthusiasts. ... and fools and frauds during an intense phase of greatest hype, FOMO (fear of missing out), pump and dump etc.