PR teams across industry: “Unregistered securities offering well potato potatoh have we mentioned our founders actually exist.”https://twitter.com/melt_dem/status/928008625330810881 …
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No matter how low you set the bar someone in crypto will find a way to come under it.
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Replying to @patio11
My favourite "going under the bar" moment is exchanges allowing people to trade cryptocurrencies which don't exist. (Yet, and quite likely ever.)
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Replying to @cperciva
I’d be less scandalized by that if it were done by regulated financial institutions; the rogue’s gallery very clearly manipulating there.
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There would probably be e.g. registration requirements and some form of restriction to sophisticated or accredited investors.
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Instead an unregulated bucket shop just produced a random number which wipes out outsiders but not insiders. Shocking, that.
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It’s almost like that’s why we hit bucket shops with an orbital ion cannon.
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