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I agree with your distinction but, its mainly the issue of ICOs not issuing a S-1 with the SEC since they are primary being used to generate funds (legal or not
by zitterbewegung 9y ago
I agree with your distinction but, its mainly the issue of ICOs not issuing a S-1 with the SEC since they are primary being used to generate funds (legal or not legal).
The Ethereum website has as their "hello world" demos on their website how to make your own token. Obviously not everyone is playing by the rules because we should be having a whole bunch of S-1s that should have been filed.
- kolinko 9y agoWith over 20k tokens released so far, perhaps this is what should be done. DDOS-ing a SEC would be a nice way to force them to make explicit exceptions for fundraisings of a certain size. In Europe, from July 21st 2018, you'll be able to do equity crowdfunding below €1M with no prospectus and registration - Kickstarter style. Above that, but below €8M, states will have an option to have extremely simplified procedure, and many of them will take that option (Germany €8M, Poland €5M, and so on).
- TheSpiceIsLife 9y agoWe'll see how long that lasts, as it has, a la Cobra effect, the potential to make it many times easier to fleece people.
- elros 9y ago> In Europe, from July 21st 2018, (...) That's very interesting. Do you have any authoritative source that you could share? I'd like to learn more about it. Thanks!