Blockstack’s token offering is historic, but its dance with the SEC is not over
1–10 of 28 posts
Re: Blockstack’s token offering is historic, but its dance with the SEC is not over
#2Still. Sounds hopeful for fundraising.
Re: Blockstack’s token offering is historic, but its dance with the SEC is not over
#3its sad that the operational risk is so damn high though.
you have to:
1) like the idea
2) trust the management team
3) hope infrastructure gets built around it so that there could be perpetual demand for these tokens
4) hope the regulators play ball
and if any thing incompetent happens with the management team, all liquidity evaporates permanently, no matter if the problem and solution were sound ideas
when really you just want to be able to "like the idea" and let it flourish on its own, where a management team doesn't need to exist, or a management team can be hotswapped for anyone
Re: Blockstack’s token offering is historic, but its dance with the SEC is not over
#4Please... no token offering is "historic"
Re: Blockstack’s token offering is historic, but its dance with the SEC is not over
#5its sad that the operational risk is so damn high though. you have to: 1) like the idea 2) trust the management team 3) hope infrastructure gets built around it so that there could be perpetual demand for these tokens 4) hope the regulators play ball and if any thing incompetent happens with the management team, all liquidity evaporates permanently, no matter if the problem and solution were sound ideas when really y…
Correct. That's why we have an established, well worn process for raising funding for your business. You raise from accredited investors by selling the highest-risk equity, then as you become more mature, you raise from bigger, less risk-tolerant entities. Eventually, you're in a position to publish financials regularly, and raise money from a broader audience ("go public"). Your itemized list is why we do it that way. This "tokenize everything" end run around the SEC is a just a way to bilk low-income individuals of their hard-earned savings.
The crypto community continues to speed-run the history of finance.
Re: Blockstack’s token offering is historic, but its dance with the SEC is not over
#6Please... no token offering is "historic"
Attention is always good tho.
Re: Blockstack’s token offering is historic, but its dance with the SEC is not over
#7its sad that the operational risk is so damn high though. you have to: 1) like the idea 2) trust the management team 3) hope infrastructure gets built around it so that there could be perpetual demand for these tokens 4) hope the regulators play ball and if any thing incompetent happens with the management team, all liquidity evaporates permanently, no matter if the problem and solution were sound ideas when really y…
Correct. That's why we have an established, well worn process for raising funding for your business. You raise from accredited investors by selling the highest-risk equity, then as you become more mature, you raise from bigger, less risk-tolerant entities. Eventually, you're in a position to publish financials regularly, and raise money from a broader audience ("go public"). Your itemized list is why we do it that wa…
Yet letting Uber's bag holders dump their stock on the public was ethically correct? Don't pretend our current system of only letting the rich get richer by banning access to early-stage ventures is the best society can do.
Re: Blockstack’s token offering is historic, but its dance with the SEC is not over
#8Earlier quoted context omitted.
Correct. That's why we have an established, well worn process for raising funding for your business. You raise from accredited investors by selling the highest-risk equity, then as you become more mature, you raise from bigger, less risk-tolerant entities. Eventually, you're in a position to publish financials regularly, and raise money from a broader audience ("go public"). Your itemized list is why we do it that wa…
Yet letting Uber's bag holders dump their stock on the public was ethically correct? Don't pretend our current system of only letting the rich get richer by banning access to early-stage ventures is the best society can do.
I'm not the biggest Uber fan, but you could say that about any IPO. Uber at the time was (and is) a going concern with an actual product, not a random token/coin.
Re: Blockstack’s token offering is historic, but its dance with the SEC is not over
#9Earlier quoted context omitted.
Correct. That's why we have an established, well worn process for raising funding for your business. You raise from accredited investors by selling the highest-risk equity, then as you become more mature, you raise from bigger, less risk-tolerant entities. Eventually, you're in a position to publish financials regularly, and raise money from a broader audience ("go public"). Your itemized list is why we do it that wa…
Yet letting Uber's bag holders dump their stock on the public was ethically correct? Don't pretend our current system of only letting the rich get richer by banning access to early-stage ventures is the best society can do.
All of the data necessary for anyone to make an informed purchasing decision about $UBER is available per SEC regulation. It's up to each individual to decide based on that whether or not it represents a good value, and to hit "buy" on their preferred trading platform, and at what price. Nobody was forced to buy $UBER, and nobody was lied to, and if they were, they've got plenty of recourse via the SEC. Everything of value was in the S-1 for months before the first trading day.
Nobody is banned from investing in early-stage businesses except by virtue of their level of risk tolerance, and some of us angel invest regularly. However, just opening up access to everyone doesn't change the fact that a legitimate, well-funded company with great traction and a great idea (the kind of equity you want) has no interest in selling to some random small-time individual with no experience to bring to bear. As a founder, in early stages, I'd want smart money. Just as nobody was required to purchase $UBER nobody is required to sell shares of their startup to small-time investors who have no idea what they're doing and provide no value. I predict if accreditation rules were removed, the same pool of smart money continues to get all the wins, but now dumb money holds all the bags.
Yes, it's possible to make bad investing decisions. That certainly doesn't mean ICOs are a good idea.
Re: Blockstack’s token offering is historic, but its dance with the SEC is not over
#10its sad that the operational risk is so damn high though. you have to: 1) like the idea 2) trust the management team 3) hope infrastructure gets built around it so that there could be perpetual demand for these tokens 4) hope the regulators play ball and if any thing incompetent happens with the management team, all liquidity evaporates permanently, no matter if the problem and solution were sound ideas when really y…
Correct. That's why we have an established, well worn process for raising funding for your business. You raise from accredited investors by selling the highest-risk equity, then as you become more mature, you raise from bigger, less risk-tolerant entities. Eventually, you're in a position to publish financials regularly, and raise money from a broader audience ("go public"). Your itemized list is why we do it that wa…
I ain't buying your bags VCs