When I started reading your message, it sounded like a fight. By the time I got to the end, I realized you are just really hoping I won't throw away my chance. You should worry less.
As for getting the tokens into hands of speculators, that will happen. But you really don't understand enough about my design and its very unique distribution mechanism (something along the lines of Steem's "blogging is the new mining") and thus you make some false assumptions.
Actually the worst thing I could do right at the moment is burden myself with a lot of money to manage. What I need to do immediately is code. Later when money could be more effectively deployed, the ability to raise money will be there because of the work done interim.
Can you imagine Satoshi considering not to release the BTC software at all because of fear about future AML regs and to avoid the use of his currency for nefarious purposes such as the purchase of drugs and the legal problems that this use could bring to miners and to himself!? GTFO!
Bitcoin's launch and design is
apparently not in violation of the Howey test.
Satoshi disappeared as Bitcoin moved into mass awareness.
The main point is not what could happen to me, but what could happen to all the token holders when the token is stomped on at the regulated exchanges by the authorities. And authorities don't crack down only in cases where someone complained. They also have someone complain when they want to crackdown.
With the necessary funding no smartass (maybe the one who is manipulating you not to launch an ICO and get the funding you need) can copy your work - because its open source - throw in some 100s of 1000s and hire a bunch of developers and crush you before you are able to stand on your feet,
What do you think man? That I don't have plan.
If I emit a currency with which anyone will be able in the future to buy skins, infrastructures and equipment in a yet to be commercialized online game or create discount codes to use a platform to, say, order food online or rent an apartment or some other non existent fantastic sharing idea (airbnb and deliveroo come to mind) for a 80% discount on fees for 50 cents a pop (you now pay 6-12% of the booking and 3 euro respectively) and distributed to early birds, gamers and enthusiasts in exchange for valuable funding, do you really believe the fucking SEC and DOJ will have something to say about if you deliver your game or platform and is not as widely used as everyone thought it would be?
And then go create a $trillion marketcap with his identity full known to the authorities. You just aren't thinking man. I am thinking big. You are thinking small.
Don't you understand that regulators are the criminals. If they see a huge phenomenon, they will want a cut of the action. The more leverage they have, the larger cut they can demand. Do you live in a fairytale inside the recesses of your one-track mind.
And if the SEC wants to, what kinda entrepreneur and hacker are you for fucks sake?! find a workaround, create a shell of a shell company in Hong Kong or Switzerland to distribute the tokens and once the ball is rolling create a Foundation and enjoy a well deserved retirement after all the draining hard work and wasted hours in this forum.
You are advising me to cash out my reputation as all the ICOs do. Instead of actually focusing on delivering the goods.
All the time I would spend managing that ruckus and other programmers, would end up like Ethereum and never make an accomplishment that actually solves anything. Have you heard of the Mythical Man Month. I'd end up spending all my time managing communication with others and very little actually doing any technical work.
It is much better if your collaborators come to you organically via their interest in working on the code you've already accomplished. Trying to predict how new hires will integrate is a crap shoot. Enormously inefficient.
If the former (I start to have serious doubts whether you have what it takes to pull this off
Now that I am NOT doing an ICO, then I don't have to care what you think. All that matters is my actual accomplishments in the real market. And so I don't have to cater and attend to all these people that will waste my time with their unsolicited armchair expertise and advice.
When I need to raise money, I can raise it (and have been). I don't need to sell an ICO to raise money. The more code I have accomplished, the more I can raise.
ICOs are selling out the forward value too cheap, unless you manipulate your ICO (as everybody does!) buying your tokens from yourself. And I refuse to do that fraud.
It is much better to sell 1 million tokens for $100 than for $1, wouldn't you agree? The more scarce the supply of tokens for speculators, the higher the price will be.
while distributing as widely as possible the tokens and kickstart the network effect
The protocol I want to implement will distribute tokens to millions of people.
