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Title: Some nuances of the SEC ICO statement Post by: Emadm on July 25, 2017, 11:00:30 PM As a hedge fund manger and recent token architect (https://bitcointalk.org/index.php?topic=2035149.0) I wrote up some of my thoughts on the SEC statement that the DAO was likely a security here:
https://medium.com/ananas-blog/sec-on-icos-securities-are-securities-but-928d9862389f The coinbase white paper on the topic includes an excellent spreadsheet to help construct tokens, but as a general rule anything that promises a profit is a scam, a share of profits is probably a security. Title: Re: Some nuances of the SEC ICO statement Post by: Whoisthelorax on July 26, 2017, 02:11:20 AM As a hedge fund manger and recent token architect (https://bitcointalk.org/index.php?topic=2035149.0) I wrote up some of my thoughts on the SEC statement that the DAO was likely a security here: https://medium.com/ananas-blog/sec-on-icos-securities-are-securities-but-928d9862389f The coinbase white paper on the topic includes an excellent spreadsheet to help construct tokens, but as a general rule anything that promises a profit is a scam, a share of profits is probably a security. So do you see this as bearish or bullish? Overall, feels bearish, but the no penalty for previous wrong doing feels bullish. It puts a damper on runaway ICOs, which was an unsolvable problem for ETH... Title: Re: Some nuances of the SEC ICO statement Post by: Emadm on July 26, 2017, 02:38:49 AM Bullish. Scam ICOs and pseudo securities were never going to drive Ethereum.
What drives Ethereum is current demand and Future expected value. Recognising it as a viable token platform and initiatives like coinlist will accelerate acceptance and legitimacy, much as the EEA has done. Tokens will fall into four main groups Scams - promise you profits Securities - promise you profit share, centralised API keys Scarce digital assets e.g. Rarepepes Mines coins will be a separate commodity Title: Re: Some nuances of the SEC ICO statement Post by: ccoinca on July 26, 2017, 03:14:27 AM this looks bearish
ico craze stopped |