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After reading this, I am as bullish as ever on real coins, and hope this is a wake up call to those ECR20 tokens that are clearly unregistered securities. You
by 45h34jh53k4j 9y ago
After reading this, I am as bullish as ever on real coins, and hope this is a wake up call to those ECR20 tokens that are clearly unregistered securities.
You won't ever be using an ECR20 token as a currency, its such an absurd concept -- Why wouldn't you just use the native ETH if you wanted to pay with coin?
Look to projects that did not raise money via ICO, look to projects that are global building payment infrastructure.
More power to you SEC, may your elite cyber division put all the bad money guys out of business.
- wslh 9y agoThere will be some ERC20 securitized tokens from known companies in US. They are using this vehicle to raise funds. I cannot disclose the name of the companies but can tell what I see participating in those rounds.
- sidko 9y agoERC20 is just a token standard on Ethereum. You can issue ERC20 tokens for anything. Some of these will be securities, some won't. It's the use of the tokens that matters, not the protocol/tech behind it.
- dannyw 9y agoSo... don’t buy Ethereum? They raised money through an ICO.