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This seems like a much better setup - $50M and setup as a 501(c)3 - rather than taking on the weird regulatory risk and all the other weirdness associated with
by rrdharan 9y ago
This seems like a much better setup - $50M and setup as a 501(c)3 - rather than taking on the weird regulatory risk and all the other weirdness associated with Telegram's (IMO crazy) ICO:
https://www.forbes.com/sites/jasonbloomberg/2018/02/17/telegram-ico-scam-among-cryptocurrency-scams/#5e4b33fd1cf0 https://www.forbes.com/sites/jasonbloomberg/2018/02/17/teleg...
- JumpCrisscross 9y ago> taking on the weird regulatory risk and all the other weirdness associated with Telegram's (IMO crazy) ICO To make this more tangible, doing an ICO means a prosecutor can personally threaten anyone on the team with violating securities laws. That's a stupid risk to take if you know, as an organization, you're going to fight the U.S. government in court one day.
- mtgx 9y agoI watched the recent hearing on cryptocurrency. The SEC guy seemed to suggest that ICOs need to "register with the SEC" as a security. If they do that and talk to SEC how to best do this, then I think they would be fine? I think Filecoin did something similar.