What you just described is pretty much what nearly every startup in Silicon Valley does. Probably what 95% of startups anywhere do (very rarely, there's a start

What you just described is pretty much what nearly every startup in Silicon Valley does. Probably what 95% of startups anywhere do (very rarely, there's a startup where the "gold" is tangibly there, but it's a rare case). Of course, if they issue securities, they have to comply with securities laws. If that's what Telegram is upset about, then I don't think they have much of a leg to stand on.