4 ms·

This reminds me of the same arguments that were made about Bitcoin and exchanges and how the mean old SEC wasn't letting the little guy get in on the action. T

by sc68cal 13y ago

This reminds me of the same arguments that were made about Bitcoin and exchanges and how the mean old SEC wasn't letting the little guy get in on the action. The same thing would happen in the world of Kickstarter - big asset bubbles and rampant speculation, bogus funding campaigns, graft, and exploitation.

icelancer 13y ago
>The same thing would happen in the world of Kickstarter - big asset bubbles and rampant speculation, bogus funding campaigns, graft, and exploitation. I see. So what do you call a roulette table with obviously addicted gamblers throwing their money away, then? Good old American fun?
- lmm 13y ago
  If the gamblers are obviously addicted then I believe the casino is legally required not to serve them.
  - icelancer 13y ago
    They do not. Laws governing alcohol do not cover gambling. (And even so, alcoholics have no problem getting regular drinks at their bars of choice, anyway, with few - if any - legal issues.) Problem gamblers must self-exclude and the casinos then must do their best to adhere to these lists that the Nevada Gaming Commission sends out. (And casinos are very good, if not infallible, at doing this.) But the person must exclude his/herself.
AUmrysh 13y ago
Kickstarter already has plenty of exploitative scam campaigns. I knew (I use the term loosely, more like I had to ban from a social group for being offensively rude to women) one of the guys that ran a successful kickstarter. He hasn't updated his project in months, and his last updates were about how he's only spent a small amount of the money, is looking for a new dev team, and wants to hire a web developer on the cheap. I knew it was a scam from the day I learned of it, just based on this guy's character and inexperience. I can assure you that equity would be no different, unless the investments could be protected by law in some way. I don't really know how to prevent this sort of thing, investors needs to do their homework, but even that's not always accurate.

by sc68cal 13y ago

icelancer 13y ago

>The same thing would happen in the world of Kickstarter - big asset bubbles and rampant speculation, bogus funding campaigns, graft, and exploitation. I see. So what do you call a roulette table with obviously addicted gamblers throwing their money away, then? Good old American fun?

lmm 13y ago
If the gamblers are obviously addicted then I believe the casino is legally required not to serve them.
- icelancer 13y ago
  They do not. Laws governing alcohol do not cover gambling. (And even so, alcoholics have no problem getting regular drinks at their bars of choice, anyway, with few - if any - legal issues.) Problem gamblers must self-exclude and the casinos then must do their best to adhere to these lists that the Nevada Gaming Commission sends out. (And casinos are very good, if not infallible, at doing this.) But the person must exclude his/herself.

AUmrysh 13y ago

Kickstarter already has plenty of exploitative scam campaigns. I knew (I use the term loosely, more like I had to ban from a social group for being offensively rude to women) one of the guys that ran a successful kickstarter. He hasn't updated his project in months, and his last updates were about how he's only spent a small amount of the money, is looking for a new dev team, and wants to hire a web developer on the cheap. I knew it was a scam from the day I learned of it, just based on this guy's character and inexperience. I can assure you that equity would be no different, unless the investments could be protected by law in some way. I don't really know how to prevent this sort of thing, investors needs to do their homework, but even that's not always accurate.