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> There are security token ICOs which are not utility token ICOs. Ah so securities fraud instead of just plan vanilla fraud?
It depends on jurisdiction, but yes, as I understand unregistered security offering is illegal in US.
All ICO’s are scams. Period.
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The worst of the worst are still exceptionally common though. It is by no means the exclusion.
How many ICOs actually claim to be backed by the US government? Tether and some others claimed at one time to be redeemable for USD. Also, FWIW I'm not condoning or supporting Tether.
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A lot of them are combination money-laundering schemes and scams. Someone who stole a bunch of shitcoins wants to "clean them up", so they create an ICO and buy their ICO-coins with stolen shitcoins. By doing this, they also inflate the "market" value of their ICO, which leads to increased popularity and others notice and throw some money in. It's not clear to me what proportion of ICOs are money-laundering vs. real…
Don't forget flight capital from China, Russia, etc.
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Looks like pure bullshit or utter incompetence. Yeah, your mountain is actually at 12°C, but with 50kW or more of processing power, you're actually creating an oven if you haven't got ventilation or cooling. Stupid
the biggest giveaway is the purported ROI. mining is barely profitable. the returns they promise are a big red flag
It's all just smoke and mirrors. The reality is that they never had the capabilities to compete in the mining business. But they sure sold a ton of their shit tokens!
Don't make pages like this. Just go after existing ICOs. Arrest people, prosecute people, go after people. If it's China or whatever, collaborate with China. Chinese citizens are scammed as much as US ones. Just arrest all the ICO scammers. Arrest the ERC token pumpers, arrest the exchanges.
The effort it takes to make a site like this is a tiny fraction of that involved in "going after" dozens of dodgy ICOs. Making this site couldn't possibly have impeded them in that task in any way that isn't grossly outweighed by the public good of its educational value.
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> Under the Howey Test, a transaction is an investment contract if: > 1. It is an investment of money > 2. There is an expectation of profits from the investment > 3. The investment of money is in a common enterprise > 4. Any profit comes from the efforts of a promoter or third party I don't know if the crypto-currency community have a widely accepted view of how this applies to specific currencies, but I feel that "…
Most people in the crypto community know that the majority of ICOs are illegal securities offerings. And by ‘in the community’ I mean people who run funds and regularly go to industry events with other fund managers, not people subscribed to random crypto subreddits. People in the industry generally know who is dirty and likely to get indicted.
I just saw and clicked an ad for this ICO and it looks just like Howey Coin's site - https://icerockmining.io/en.html (I don't know whether this is a scam or not, i don't recommend investing or avoiding it, I just wanted to point out how similar the website looks to the howeycoins website! DYOR) (Being overly neutral for its own sake here, but it seems very questionable)
I'm surprised there isn't already a DIY ICO generator on GitHub.
Found it on here a couple days, maybe weeks back.
I just saw and clicked an ad for this ICO and it looks just like Howey Coin's site - https://icerockmining.io/en.html (I don't know whether this is a scam or not, i don't recommend investing or avoiding it, I just wanted to point out how similar the website looks to the howeycoins website! DYOR) (Being overly neutral for its own sake here, but it seems very questionable)
I'm surprised there isn't already a DIY ICO generator on GitHub.
[1]: https://bitsblocks.github.io/bitcoin-maximalist [2]: https://bitsblocks.github.io/crypto-facts [3]: https://bitsblocks.github.io/get-rich-quick-bible