4 ms·
Aren't restaurant review coupons in some sense the ceiling on how too-good-to-be-true these ICO deals can be? I mean: that business is obviously not going to wo
by sillysaurus3 9y ago
Aren't restaurant review coupons in some sense the ceiling on how too-good-to-be-true these ICO deals can be? I mean: that business is obviously not going to work. A reasonably sophisticated person can only put money on it in the hopes that someone dumber will buy it off them in a week or two.
Your argument hinges on the assumption that the government should protect people from this outcome. If they make a bad bet, it's their bet to lose.
Right now, churches ask for thousands of dollars via mail. People send them with the hopes that they are "planting a seed" and to "watch that seed grow." All of this behavior goes on without society collapsing.
What's the key difference? Why do people need to be protected when suddenly they have a chance of winning real returns, however remote?
- tptacek 9y agoView few people mortgage their houses and send the proceeds to a church expecting to pay for their kids college tuitions.