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To all the people says that they should have just followed security laws, you don't understand the purpose of TON and GRAM. It CAN NOT work if it is a security.
by noxer 6y ago
To all the people says that they should have just followed security laws, you don't understand the purpose of TON and GRAM. It CAN NOT work if it is a security. The Idea was that Telegram user have a wallet and can store/send GRAMs to each-other Donate/tip and buy stuff. This is not possible/allowed with securities. You can only buy/sell securities form/to regulated exchanges. It completely destroys it's whole use-case.
Anyway they could still do it with some kind of distributed token generation, similar to mining so tokens are generated by the users and not sold. But this obviously would not make the investors happy because they get nothing then.
- ivalm 6y agoThen don’t use a metaphor of a gold mine. If you compare TON to shares of a gold mine (what they did in the linked blog) then clearly it is a security.
- noxer 6y agoOfc it is a security. I just pointed out why they tried to avoid it. Not because they where to lazy to do the paperwork like half the people in here suggest.
- imsesaok 6y agoso you're saying "it's a security, but it shouldn't be treated as security because security law forbids <enter activity here>", which means you want to break the law. they tried to break the law so it's not allowed. i don't see a problem here
- noxer 6y agoNo, absolutely not. I made none if these statements at all. Read it again pls.