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I know this isn't an answer that you will like....but blockchain allows me to invest in high risk investments that would typically only be allowed for accredite

by dreit1 9y ago

I know this isn't an answer that you will like....but blockchain allows me to invest in high risk investments that would typically only be allowed for accredited investors. Having the shares/coins in a blockchain provides for transparency and authenticity and makes legit companies act in a way that is generally favorable for the small time investor

Daishiman 9y ago
Which investments?
- dreit1 9y ago
  I'm into mainly into stuff that either pays or plans to pay dividends, NEO, WTC, ARK, ETH etc.
  - zacurry 9y ago
    Off topic - I keep hearing that WTC (Walton) is a scam . How confident are u about it ?
    - dreit1 9y ago
      It is 100% not a scam. You can watch some videos where a youtube visits the office and talks to the team here. https://www.youtube.com/watch?v=RzhXncTVOzA https://www.youtube.com/watch?v=RzhXncTVOzA Whether or not it will be a successful project or not is up for debate.
bob2001 9y ago
Can you explain how having shares/coins in the blockchain increases transparency/authenticity? Easily audit-able records would exist just the same if you bought your shares via wire transfer.
- dreit1 9y ago
  So imagine an ICO company that has a premine. You know the address of all their funds that they raised, and you know all the funds that are held through their premine. You can easily track the money to make sure nothing fishy is going on. This isn't that big of a deal for a tiny company, but imagine this for a huge corporation or government body. All of them CAN produce auditable records for the consumer, but they don't, blockchains force the issue.
chadcmulligan 9y ago
but isn't that just taking advantage of a (temporary) loop hole? The real problem there imho is that for some reason the government has decided that oh we need to step in and protect the unwise. Strangely this is by the same people that say government shouldn't be involved in the financial markets. There is no guarantee that having an ICO makes the investment any more bullet proof.
- adventured 9y ago
  > There is no guarantee that having an ICO makes the investment any more bullet proof. Right now it's the exact opposite. There's nothing less bullet-proof (eg in the US) than investing into an ICO, outside of perhaps junk penny stocks.
- dreit1 9y ago
  Entire industries can be built on regulatory loopholes, Uber and Lyft come to mind. Cryptocurrencies are forcing govts to reexamine regulations that I argue are generally favorable to massive institutions/ high net worth individuals and unfavorable to the small timers

by dreit1 9y ago

Daishiman 9y ago

Which investments?

dreit1 9y ago
I'm into mainly into stuff that either pays or plans to pay dividends, NEO, WTC, ARK, ETH etc.
- zacurry 9y ago
  Off topic - I keep hearing that WTC (Walton) is a scam . How confident are u about it ?
  - dreit1 9y ago
    It is 100% not a scam. You can watch some videos where a youtube visits the office and talks to the team here. https://www.youtube.com/watch?v=RzhXncTVOzA https://www.youtube.com/watch?v=RzhXncTVOzA Whether or not it will be a successful project or not is up for debate.

bob2001 9y ago

Can you explain how having shares/coins in the blockchain increases transparency/authenticity? Easily audit-able records would exist just the same if you bought your shares via wire transfer.

dreit1 9y ago
So imagine an ICO company that has a premine. You know the address of all their funds that they raised, and you know all the funds that are held through their premine. You can easily track the money to make sure nothing fishy is going on. This isn't that big of a deal for a tiny company, but imagine this for a huge corporation or government body. All of them CAN produce auditable records for the consumer, but they don't, blockchains force the issue.

chadcmulligan 9y ago

but isn't that just taking advantage of a (temporary) loop hole? The real problem there imho is that for some reason the government has decided that oh we need to step in and protect the unwise. Strangely this is by the same people that say government shouldn't be involved in the financial markets. There is no guarantee that having an ICO makes the investment any more bullet proof.

adventured 9y ago
> There is no guarantee that having an ICO makes the investment any more bullet proof. Right now it's the exact opposite. There's nothing less bullet-proof (eg in the US) than investing into an ICO, outside of perhaps junk penny stocks.
dreit1 9y ago
Entire industries can be built on regulatory loopholes, Uber and Lyft come to mind. Cryptocurrencies are forcing govts to reexamine regulations that I argue are generally favorable to massive institutions/ high net worth individuals and unfavorable to the small timers