Because why would you? Companies are flooding in cash without any commitment. Why would you change that?
If there is fiduciary duty to token holders, why not state it clearly and enshrine it in a legal contract, or the entity's charter? I'm leery of token investments precisely b/c I get so few rights or protections compared to equity.
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The pressure for the change will have to come from the buyer side, of course. Can't expect sellers not to take free money. My fear is that a lot of resources will be wasted before buyers learn.
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My fear is that those who learn exit the market, and leave a vacuum that's filled by new uninformed "investors". This will be a long long cycle. Kerp in mind that people are losing their money trading, not at the ico, so ICOs will take even longer to cool down
End of conversation
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As appalling as watching a sub 1 y.o company receive 30m+ in ICO proceeds while quietly raising SEC registered debt? Debt docs said they wanted to “maintain long position in BTC/ETH” - funding a company quietly one way while aggressively marketing ICO for play $ w. no recourse
Thanks. Twitter will use this to make your timeline better. UndoUndo
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