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How is that different/worse than a startup? Early founders/employees get stock at a lower price, and then the price goes up if the company makes progress. There
by GraffitiTim 7y ago
How is that different/worse than a startup? Early founders/employees get stock at a lower price, and then the price goes up if the company makes progress. There's only a return if the market values it.
- treelovinhippie 7y agoSo if an unregulated ICO does it, it's bad. But if a regulated ICO does it, that's cool, just regular startup scene behavior. Pump and dump those return multiples on unsophisticated public investors. The VC leeches will love this new short-cycle SEC-endorsed wealth channel.
- dang 7y agoPlease don't post in the flamewar style to Hacker News. We're trying for something a bit better than internet-usual here, and I'm sure you can make your substantive points without it. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- woah 7y agoNot an expert, but they basically could have listed on the stock market at the same cost and with similar parameters. At this point you’re just raging against securities and investment as a category.
- simonebrunozzi 7y agoThat's the case for equity. Tokens here don't represent equity in the company.