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> To be fair to many ICOs they don't make most of these claims. "Many" == 99%. There are no non-scam ICO's.... even the ones that aren't intentionally run as
by spookthesunset 8y ago
> To be fair to many ICOs they don't make most of these claims.
"Many" == 99%. There are no non-scam ICO's.... even the ones that aren't intentionally run as scams are, ultimately, scams.
ICO's don't invest in a company, they "invest" in a brand new "currency" that somehow magically reflects the value of the "company" that created them. Why anybody would buy into this is beyond me...
- sanxiyn 8y agoThere are security token ICOs which are not utility token ICOs.
- spookthesunset 8y ago> There are security token ICOs which are not utility token ICOs. Ah so securities fraud instead of just plan vanilla fraud?
- sanxiyn 8y agoIt depends on jurisdiction, but yes, as I understand unregistered security offering is illegal in US.
- spookthesunset 8y agoIt’s illegal in every country with a developed system of securities law for a good reason. All ICO’s are scams. Period.