There's specialization of labor in ICOs; some build mechanisms to defraud, some build legal cover so you get away with it, some find marks.https://twitter.com/ofnumbers/status/918731015689924608 …
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Some of these are what market will bear for specialized providers of expertise in a field awash with (defrauded) money; some are risk premia
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People are going to jail; the bet is that the SEC will keep the number to below ten or so and only go for the stupidest ones.
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There's layers of stupid in the cryptocurrency space. Ground floor of stupid is keeping written records self-identifying as Ponzi scheme.
1:48 AM - 13 Oct 2017
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