Bitcoin Forum
November 18, 2018, 01:28:48 PM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2018-04-24] Vinny Lingham Interview: Scaling, Securities and Bitcoin Extremism  (Read 25 times)
limek
Member
**
Offline Offline

Activity: 364
Merit: 10


View Profile
April 24, 2018, 05:54:24 AM
 #1

One of bitcoin’s leading luminaries, Vinny Lingham has an opinion on everything and an uncanny ability to sense market movements, earning him the moniker of Bitcoin Oracle. News.Bitcoin.com caught up with the serial entrepreneur to get his thoughts on bitcoin cash, Lightning Network, token models and more.

Vinny Lingham on Regulation

On April 20, over 1,000 delegates gathered at the Fairmont in Santa Monica for Start Engine’s ICO Summit 2.0. The event began sharply at 8:30am, with Vinny Lingham the most recognizable figure on a panel titled The State of ICO Regulation. Afterwards, news.Bitcoin.com sat down with the Civic founder for a chat about dual token models, blockchain scaling, and the acrimony that’s riven elements of the bitcoin community.

The overarching message to emerge from the summit was that most tokens are securities, and following the regulatory route – likely Reg A+ – is the only way to avoid SEC censure. “If the price of something is determined by its ability to deliver an investment return then it’s a security,” acknowledges Vinny. Belatedly accepting that many, if not most, ICO tokens may fall into that category, a number of projects have opted for a dual token model, one a utility, the other a dividend. Vinny Lingham is not a fan of this setup however, opining:

        "People will raise money by whatever way they possibly can [even] if it means bending the rules, changing the system, and unsuspecting people will wind up putting up the money to buy it. But just because you can raise money in a certain way doesn’t mean you should."

Read more: https://news.bitcoin.com/vinny-lingham-interview-scaling-securities-and-bitcoin-extremism/
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Kprawn
Legendary
*
Offline Offline

Activity: 1666
Merit: 1052


View Profile
April 24, 2018, 03:07:58 PM
 #2

What is his solution then? If you are a entrepreneur and the normal Kickstarter is too rigid, why should a flexible ICO not be

 the solution? The government and the SEC should give clear guidelines and requirements for these ICOs, not to kill the

innovation behind this method to raise capital for these projects. It is the Wild West without proper regulation.  Angry

Signature space for Hire :->
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!