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>What's wrong with US Dollars? Its controlled by the Federal Reserve which is partly controlled by the government. Basically your USD is worth what the central bank says they are worth. A new war? Your dollar loses value. Out of control debt? Print more money. Bitcoin has 21,000,000 solutions ever ever ever.
Uh, the US is at war now in Afghanistan and until 2011 was at war in Iraq. The USD is fine. If WWIII breaks out, I’m betting the Internet (in its current open and international form) will be an early casualty. How’s that going to work out for bitcoin exactly?
The only reason consumer goods are the same cost is because the exponential increase in technology and productivity.
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>we can go back to building valuable companies Like what? >with a whole new way of funding them. What's wrong with US Dollars?
>What's wrong with US Dollars? Its controlled by the Federal Reserve which is partly controlled by the government. Basically your USD is worth what the central bank says they are worth. A new war? Your dollar loses value. Out of control debt? Print more money. Bitcoin has 21,000,000 solutions ever ever ever.
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>> Soon enough, potentially, tokenized securities that represent shares of anything you can think of. Do you think they will actually represent shares? As far as I can tell, all current ICOs have not represented any ownership or share of anything, other than the token itself.
Most ICOs don't sell security tokens. They sell utility tokens. But many ICOs have happened that sold security tokens, they just tend to be more discreet these days because of the limits on public security offerings. The security token space is also very immature still. On the other end of the discreetness spectrum, The DAO was a security ICO and it was the largest crowdsourced project in history at the time.
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But you're not doing it because of any intrinsic property of crypto-coins. You're doing it because they haven't been regulated yet. (I am not implying any ill intent on your part.) You could do the same thing with normal investments, if trading houses and banks didn't do any KYC checks.
I don't know about "intrinsic". No other asset class has the same characteristics. It's making investments viable that were not viable before. No regulation exists now in conventional banking that prevents me from doing that investment without crypto. It's just not practical and therefore unviable. I would need to surf through 3 different bureaucracies in 3 different languages and currencies. If you are doing this ki…
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Binance made more money than Deutsche Bank last year. They funded growth with an ICO. > What's wrong with US Dollars? It's not a good store of value over the long haul: https://visual.ly/community/infographic/economy/purchasing-p...
They made more profit than deutsche bank? Do you have a source?
This a great step in the right direction for the post-ICO-craze phase. Once we are over the bullshit utility tokens we can go back to building valuable companies with a whole new way of funding them.
My plan to sidestep these regulations is to take an existing cheap chain and launch a product on it, without consent or communication with stakeholders. I will buy a large percentage of the chain before doing this, of course. Maybe plug it into zrx so the conversion is automatic for the end user. Just another launch cost and I can avoid the SEC entirely.
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Social network Gab is attempting to issue security tokens [1] under Regulation A+, which allows the general public to invest. The SEC hasn't approved it yet. [1] https://www.startengine.com/gab-select
People here hate Gab and its founder. He's quite unpleasant. Expected to be downvoted into hell.
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My plan to sidestep these regulations is to take an existing cheap chain and launch a product on it, without consent or communication with stakeholders. I will buy a large percentage of the chain before doing this, of course. Maybe plug it into zrx so the conversion is automatic for the end user. Just another launch cost and I can avoid the SEC entirely.
Do you think that the SEC won't still come after you? That they'll just go, "Drat, we must've been outsmarted!"