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So I can understand why

is looking to collect all your personal information to share w/ Government (It’s what centralized companies do when they process your $ or #Bitcoin) But was is necessary for

@ErikVoorhees

to also become an #ICO scammer w/ useless $FOX token?

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Jesse Powell

@jespow

Sep 5, 2018

What makes the loyalty rewards token a scam?

Tone Vays

@ToneVays

Sep 5, 2018

Very Good Question. The FACT that it's a "Mandatory" KYC registration removes all utility of $FOX token being an anonymous censorship resistant membership in need of free market price discovery. And all you have left is an uncompliant security scam.

Jesse Powell

@jespow

Sep 5, 2018

I understand the resistance to KYC but that’s a separate issue. Did FOX claim to be anything more than frequent flyer miles? I don’t think they set any expectations that they would be competing with XMR.

Tone Vays

@ToneVays

Sep 5, 2018

Please show me a loyalty program that needs to fluctuate in price by unregulated trading. The idea is ridiculous.

Jesse Powell

@jespow

Sep 5, 2018

What’s the harm in fluctuating value and free trade of loyalty points? The market will decide the value of the utility or lack thereof. And what’s wrong with unregulated (free) trading?

Tone Vays

@ToneVays

Sep 5, 2018

it makes them securities, but feel free to debate how 200 years of security law is bad

Replying to

and

US securities? I disagree on the assessment but even the US SEC is rethinking some of the regs lately.

7:14 AM · Sep 5, 2018Twitter for iPhone

Replying to

and

Sure, but I would love to debate the case that a person that is registered with Company X needs a decentrazed loyalty token. It's a massive contradiction/inefficiency of utility as having the token itself gives you NOTHING but speculation on registered

users.

There are more productive things to do in life than manifest chronic scamgasm . When you start any company as successfully as Erik you might learn humility.

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