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> Is the ICO a scam? Yes, it wasn't legal. Not everything that's illegal is a scam. If somebody sells me cocaine and I'm happy with the product, it's illegal b
by badfrog 7y ago
> Is the ICO a scam? Yes, it wasn't legal.
Not everything that's illegal is a scam. If somebody sells me cocaine and I'm happy with the product, it's illegal but nobody was scammed.
- VikingCoder 7y agoYes, that's true. However, many securities laws exist to protect investors. So, if you knowingly violate securities laws, there's a pretty good chance you are knowingly putting investors in a disadvantageous position. That's a textbook definition of a scam.