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How is that an unfair playing field? People being rewarded for productive risk taking is one of the fairest things I can think of.
by Trundle 8y ago
How is that an unfair playing field? People being rewarded for productive risk taking is one of the fairest things I can think of.
- quickthrower2 8y agoPablo Escobar was on to something then, ... well until he wasn't.
- everdev 8y agoWell, I called the SEC and they said they can't think of a way how these ICOs are not violating the Howey Test. Basically that in time, they be prosecuted. So, those of us that decide that the potential for financial or criminal consequences is not with it miss out when it turns out all but the most egregious scams will get a pass.
- nerdwaller 8y agoThrough my work we’ve been in contact with the SEC as well, a few times, and they are pretty clear on not stating any real absolutes unfortunately. We do more of the service side of things for the institutional space, however - so perhaps our questions were a bit different.
- Trundle 8y agoSure, I understand where the risk is coming from. I don't understand where the unfairness is coming from.
- angersock 8y agoBreaking the law shouldn't be considered a competitive advantage.
- dexterdog 8y agoThat depends on what the law is and if it is ever enforced.
- rohit2412 8y agoSo, you'd consider for-hire hitmen a fine business, if they pay off your police?
- sigstoat 8y agobut it is, and always will be, a competitive advantage. that's part of why the law should be kept as small as possible.
- tomp 8y agoWell, yeah, exactly, but that's why it's the law. Stealing is a competitive advantage (for the thief), but a net negative for the society, which is why it's illegal and persecuted. I agree with you, that the law should be as small as possible, but you're missing the second part (just as important IMO) - that the law (small as it should be) be enforced fully and applied fairly.
- angersock 8y agoIf she doesn't say no it's a competitive advantage to other suitors, right? That's literally what you're advocating for.
- lmm 8y agoThe rule of law is a public good; companies that damage it are imposing a negative externality on others for their own advantage, and should be penalised rather than rewarded.