ICOs mostly need ongoing transparency and disclosure requirements. Other than that, let em go nuts.
SEC commissioner on CNBC today: "If you want to know what our markets would look like with no securities regulation, the answer is the ICO market.” So... fast growing and full of cutting edge innovation, where adults are able to make decisions with their own money? Sounds awful
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So don’t invest in the ones that don’t provide it.
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But they said it would go to the moon
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I’ve never supported BCH
Thanks. Twitter will use this to make your timeline better. UndoUndo
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On the one had I agree with you philosophically. On the other hand, I think that statement will actually age quite well for the SEC as we see that 99% of these projects are Emperors with no clothing.
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99% of all human endeavors fail. It’s important that free people have the ability to take risks to find that 1% that don’t.
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Tremendous response to a valid concern
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What about ICO pump and dump schemes, frontrunning, insider trading, etc ?
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Stay away from projects which you are skeptical of. And when there is fraud, why aren’t the police handling it? What the hell are they for?
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The SEC is the police
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Pump and dumps, grab and runs, insider trading... NO THANKS. But I guess as a well connected insider you don’t come across most of the issues faced by non-insiders. So I can empathize with your world view.
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Are you talking about crypto or highly regulated markets?
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The one where this sort a thing is possiblehttps://medium.com/@sylvainartplayribes/chasing-fake-volume-a-crypto-plague-ea1a3c1e0b5e …
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So both. Got it.
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“Cutting edge innovation” you mean like bitconnect? Most ICOs are empty vehicles for speculation designed to make their founders rich at the expense of unintelligent investors hypnotized by empty promises, and you know it.
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For every anecdote of a scam/failed crypto project, I can provide a scam/failed project in highly regulated markets. Bernie Madoff wasn’t crypto. Enron wasn’t crypto. The financial crisis of 08 wasn’t crypto. More money lost in any of these than all crypto combined.
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...on point
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