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SEC filings say 81 investors for the first 850m and 94 for the second. Does it matter who it's sold to though? In the context of the parent question it doesn't,

SEC filings say 81 investors for the first 850m and 94 for the second. Does it matter who it's sold to though? In the context of the parent question it doesn't, it was only a question of whether it was sold at all.

tCfD 8y ago
The SEC forms do not say anything to discharge, invalidate or answer the question of whether these funds were moved from one group of anonymous parties largely back to that same group in order to generate a bunch of transaction churn on the eth blockchain with whivh they can attach bubble-inflated dollar amounts to. How is the SEC going to know that, for example, the 80 individuals identified in one filing didn't move 850 Million worth of etherium to the 90 in the other filing, and vice versa? There is no direct association between individuals and addresses on blockchains. This is the problem with ICO evaluations constantly being tossed around and irresponsibly promoted by careless or indifferent finance and tech journalists. tossed around. It's gas, vapor, the same money being search related over and over again to convince mom and pop speculator that there's a stability of large numbers in these things. Can you make money on it? Yes, I have, and so have lots of people. That doesn't mean it's something that should be endorsed or suggested is legitimate to an unsuspecting public.
- tCfD 8y ago
  * ot: the HN android app could use a preview/quick-edit function :/
- starshadowx2 8y ago
  This could all be right and still has no bearing on whether Telegram made $1.7b on the presale or not unless it was Telegram buying the tokens (Funny enough Pavel Durov has an estimated net worth of $1.7b).
  - SI_Rob 8y ago
    Curious - source for the estimated figure?
    - starshadowx2 8y ago
      Forbes - http://www.forbes.ru/milliardery/357335-tektonicheskaya-platforma-forbes-priznal-pavla-durova-dollarovym-milliarderom http://www.forbes.ru/milliardery/357335-tektonicheskaya-plat...

tCfD 8y ago

The SEC forms do not say anything to discharge, invalidate or answer the question of whether these funds were moved from one group of anonymous parties largely back to that same group in order to generate a bunch of transaction churn on the eth blockchain with whivh they can attach bubble-inflated dollar amounts to. How is the SEC going to know that, for example, the 80 individuals identified in one filing didn't move 850 Million worth of etherium to the 90 in the other filing, and vice versa? There is no direct association between individuals and addresses on blockchains. This is the problem with ICO evaluations constantly being tossed around and irresponsibly promoted by careless or indifferent finance and tech journalists. tossed around. It's gas, vapor, the same money being search related over and over again to convince mom and pop speculator that there's a stability of large numbers in these things. Can you make money on it? Yes, I have, and so have lots of people. That doesn't mean it's something that should be endorsed or suggested is legitimate to an unsuspecting public.

tCfD 8y ago
* ot: the HN android app could use a preview/quick-edit function :/
starshadowx2 8y ago
This could all be right and still has no bearing on whether Telegram made $1.7b on the presale or not unless it was Telegram buying the tokens (Funny enough Pavel Durov has an estimated net worth of $1.7b).
- SI_Rob 8y ago
  Curious - source for the estimated figure?
  - starshadowx2 8y ago
    Forbes - http://www.forbes.ru/milliardery/357335-tektonicheskaya-platforma-forbes-priznal-pavla-durova-dollarovym-milliarderom http://www.forbes.ru/milliardery/357335-tektonicheskaya-plat...