4 ms·
Yep. It comes down to information asymmetry. Harder to trick and scam accredited investors Most token sales make good money with very low effort scams
by space_rock 5y ago
Yep. It comes down to information asymmetry. Harder to trick and scam accredited investors
Most token sales make good money with very low effort scams
- xiphias2 5y agoSadly a lot of token sales were pump and dumps through VCs, so even this is not true. SEC registering looks like a better filter for now.
- space_rock 5y agoBut here the VCs are the criminals and the predators not the victim of the scam. VCs are more sophisticated to avoid being the victim
- xiphias2 5y agoYes, I just wrote this to express that even sophisticated investors take part of worthless projects.
- rosndo 5y ago> Harder to trick and scam accredited investors Not necessarily, accredited investors are dentists and successful pool-installers. https://www.bloomberg.com/opinion/articles/2018-09-24/earning-the-right-to-get-swindled https://www.bloomberg.com/opinion/articles/2018-09-24/earnin...