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> This isn’t semantics, token sales are counted for as revenue. This is obvious when you think about it for a second, but also - lol. ICOs created a capital st
by H8crilA 6y ago
> This isn’t semantics, token sales are counted for as revenue.
This is obvious when you think about it for a second, but also - lol. ICOs created a capital structure level that's completely outside of the capital structure :)
- vmception 6y agoYeah its pretty marvelous when you look at a quadrant chart of scalable things you can sell, tokens are better than drugs. That’s pretty unprecedented. They are even more weightless, more fungible, cheaper to produce than both legal and illegal drugs and you can pay people from your illiquid premine and deduct that against your liquid revenue. Primarily because people are willing to be paid in the tokens (unlike other consumer products or even shares), and because they aren't illegal like drugs. Due to their “property” designation and again non-illicit status, donations to non-profits are extremely flexible too, for greater tax benefits at cost-basis or fair market value. People should look into making them better instead of looking at what went wrong.