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The U.S. government has a set of laws that govern what “shares” in a US-listed company mean. If Google’s management tries to completely nullify what equity owne
by ggg9990 9y ago
The U.S. government has a set of laws that govern what “shares” in a US-listed company mean. If Google’s management tries to completely nullify what equity ownership means, the US government will go and take it back. They will freeze the founders assets. They will ground the company aircraft. They will send scary men with big guns to make arrests of people indicted by a grand jury. Those things are pretty hard to get away from, short of fleeing to Venezuela or something.
What analogous threat of violence is behind the value of Telegram tokens?
- jjeaff 9y agoIRS, FTC, or SEC raids? Fraud is fraud whether it is in equity shares or ico magic money. Granted, equities are much better monitored and regulated, but if they steal from investors through the ico, they will likely face similar enforcement.
- prostoalex 9y agoIt’s only fraud if the promises of the contract have been broken. Nowhere in their whitepaper they equate a token with a right to receive dividend or to claim a share of the company’s assets in the event of a sale.