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I really want to meet the team at the SEC who put this together. The level of trolling the ICO community is incredible. Not sure if anyone else opened the whit

I really want to meet the team at the SEC who put this together. The level of trolling the ICO community is incredible. Not sure if anyone else opened the white paper, but it is acutally better than most of the ICO papers I read in general. There are gems like: > "Upon a successful ICO, the nondisclosure agreements terminate and we will be able to disclose the largest network of travel partners" > "we expect a bidding war to increase HoweyCoins valuations by severalfold."

eat_veggies 8y ago
The title of the PDF is golden: Microsoft Word - HoweyCoin White Paper v4
- deleted 8y ago
  [deleted]
Veelox 8y ago
I think you missed the best gem, under the Stay Tuned section > "Once in, we will provide expert timing advice to make sure tier 1 and limited offer tier 2 participants maximize immediate gains with a pre-planned pump to occur shortly after the pre-ico phase ends. Our past two pumps have doubled value for the period immediately after the pump for returns of over 225%."
riazrizvi 8y ago
“Better than most ICO papers”? That’s not exactly a high bar.
aje403 8y ago
Don't think they're affiliated with the government. Bought a few kilos of crack off the founder a few months ago
munk-a 8y ago
> At launch, we will have two of the world’s largest airline alliances and a possible third signed on as HoweyCoins partners. The top three airline alliances accounted for over 60% revenue passenger miles in 2015. Do note that the wording leaves open (and even implies) that the airline alliances they'd partner with _don't_ account for 60% of revenue passenger miles in 2015. The PDF is a wonderful document, it also has an entirely incorrect description of how inflation works.
deleted 8y ago
[deleted]
will_brown 8y ago
In its hubris the SEC forgot one thing, the most important thing, the only thing...yes the SEC knows the law well, but this is smart contracts, Case Law/precedent/stare decisis don’t apply to ICOs...the code is the law
- janekm 8y ago
  Which is worth the paper it's written on.
- skywhopper 8y ago
  Fraud is against the law, even if you write a contract for how you're going to do it.
- tommorris 8y ago
  Good luck arguing that novel legal theory when in front of a judge on a fraud or tax evasion trial.
  - will_brown 8y ago
    It’s sarcasm, I forgot the doesn’t exist on HN. My post history shows from day one I called DAO snake oil, and code is Law bullshit, and shows how much crap I took for that here on HN. But if the SEc can have a sense of humor about it why can’t I? They really did miss an opportunity to use the smart contract marketing though...
arcticfox 8y ago
This is funny and effective to the point that it seems it should somehow be illegal
bpp 8y ago
Unfortunately there are far too many women and people of color on that team for it to be believable. (Stole this comment from a friend, but...worth it.)

eat_veggies 8y ago

The title of the PDF is golden: Microsoft Word - HoweyCoin White Paper v4

deleted 8y ago
[deleted]

Veelox 8y ago

I think you missed the best gem, under the Stay Tuned section > "Once in, we will provide expert timing advice to make sure tier 1 and limited offer tier 2 participants maximize immediate gains with a pre-planned pump to occur shortly after the pre-ico phase ends. Our past two pumps have doubled value for the period immediately after the pump for returns of over 225%."

riazrizvi 8y ago

“Better than most ICO papers”? That’s not exactly a high bar.

aje403 8y ago

Don't think they're affiliated with the government. Bought a few kilos of crack off the founder a few months ago

munk-a 8y ago

> At launch, we will have two of the world’s largest airline alliances and a possible third signed on as HoweyCoins partners. The top three airline alliances accounted for over 60% revenue passenger miles in 2015. Do note that the wording leaves open (and even implies) that the airline alliances they'd partner with _don't_ account for 60% of revenue passenger miles in 2015. The PDF is a wonderful document, it also has an entirely incorrect description of how inflation works.

deleted 8y ago

[deleted]

will_brown 8y ago

In its hubris the SEC forgot one thing, the most important thing, the only thing...yes the SEC knows the law well, but this is smart contracts, Case Law/precedent/stare decisis don’t apply to ICOs...the code is the law

janekm 8y ago
Which is worth the paper it's written on.
skywhopper 8y ago
Fraud is against the law, even if you write a contract for how you're going to do it.
tommorris 8y ago
Good luck arguing that novel legal theory when in front of a judge on a fraud or tax evasion trial.
- will_brown 8y ago
  It’s sarcasm, I forgot the doesn’t exist on HN. My post history shows from day one I called DAO snake oil, and code is Law bullshit, and shows how much crap I took for that here on HN. But if the SEc can have a sense of humor about it why can’t I? They really did miss an opportunity to use the smart contract marketing though...

arcticfox 8y ago

This is funny and effective to the point that it seems it should somehow be illegal

bpp 8y ago

Unfortunately there are far too many women and people of color on that team for it to be believable. (Stole this comment from a friend, but...worth it.)