Bitcoin Forum

Bitcoin => Legal => Topic started by: secattorney on December 13, 2017, 06:05:15 PM



Title: Are Initial Fork Offerings the "alt" ICO?
Post by: secattorney on December 13, 2017, 06:05:15 PM
most likely not imo. open to ideas however

https://youtu.be/jmnSoVneBKk (https://youtu.be/jmnSoVneBKk)


Title: Re: Are Initial Fork Offerings the "alt" ICO?
Post by: audaciousbeing on December 13, 2017, 07:05:57 PM
most likely not imo. open to ideas however

https://youtu.be/jmnSoVneBKk (https://youtu.be/jmnSoVneBKk)

Its really going to be a dicey one because technically, its not an ICO but on the other it is an ICO because its another group of people coming to launch it. If the law says it specifically its not an ICO, then the number of forks we have seen is just about to get multiplied by 50 because developers would not want to go through the hassle of complying with all the laws considering the costs, verification and the paper works that would be involved rather they would just look for a problem an existing coin already has then solve that problem by creating another fork as simple as that.

I also don't see that surviving long term because the proponents of the law will come and review the law to accommodate such conditions in other to ensure every one do the right thing.


Title: Re: Are Initial Fork Offerings the "alt" ICO?
Post by: jungwong on December 15, 2017, 10:43:20 AM
As for  me this is a business model that depends on a client that is wanting to sign up to constant tracking and advertising that can be personalized, personally don't see how the idea can grow with it being limited to Brave browser in the short term, but I could be wrong.In the long term, it will probably take longer to be profitable if it happens to take off, so if you are interested in this business, wait till the heat dies down before going in.