3 ms·
My plan to sidestep these regulations is to take an existing cheap chain and launch a product on it, without consent or communication with stakeholders. I will
by hyprCoin 8y ago
My plan to sidestep these regulations is to take an existing cheap chain and launch a product on it, without consent or communication with stakeholders. I will buy a large percentage of the chain before doing this, of course.
Maybe plug it into zrx so the conversion is automatic for the end user.
Just another launch cost and I can avoid the SEC entirely.
- wmf 8y agoBut then you don't get any funding? Unless you pump the coin in which case the SEC will still be coming.
- deleted 8y ago[deleted]
- hyprCoin 8y agoI generally don't seek funding for my apps. I instead just build them with a monetization path attached. What I would aim to do is to boost a crypto community coin with adoption. My monetization would be to sell the ownership I have of the coin when the dapp is in use. I don't know if it's legal according to the SEC. I would love some clarity.
- s73v3r_ 8y agoDo you think that the SEC won't still come after you? That they'll just go, "Drat, we must've been outsmarted!"
- hyprCoin 8y agoI won't be creating an expectation of value. If I were to do this on ethereum, for instance, no one would bat an eye. It would be just another dapp.