81–90 of 137 posts
Was Tesla's model 3 preorder basically the same thing? They raised $400M dollars ($1000 down payment on 400k reservations) on future sales of a product not yet built.
All these ICO's have been avoiding any SEC regulation regarding private security sales by claiming the tokens are just a method to use/exchange services on their platform, not as an investment. However, when ICO's like this one keep happening where only 100 "accounts" own 99% of the ICO offering, you pretty much lose that argument of the tokens only being there for use of the platform. It's a private security sale, a…
https://www.theatlantic.com/technology/archive/2017/05/crypt...
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To me, Brave's value is due to its ad blocker. If they start shoving native ads into the browser then I'll uninstall it. The set of technical users out there who will do anything and everything to avoid and block ads is not a valuable advertising space in any way, shape, or form.
I thought the entire point of Brave was to have ads, but share the revenue.
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Purchasing shares is much more than betting on a company. It's giving them money for a percent ownership of the company. Share ownership gives you voting rights on the company direction, a claim to the company's assets and profits, the potential for dividends payments, the right to sue directors for acting against the interest of the company, the right to recover losses from misleading statements and actions by corpo…
"All these things were put in place because your average person doesn't know what they're doing, and they think stock ownership is just gambling" In order to not be an "average person," you must make 200K+ in salary or have 1 million dollars in cash? I'm not saying that ICOs are currently perfect by any means. There will be a NEED for some type of regulation and time for the market to figure itself out. Unless youre…
Yes, those limits are inherently non-average so by definition it works.
Using monetary wealth isn't a perfect proxy for sophistication or intelligence but it does correlate and allows for risk tolerance by the fact that there's enough income to fall back on.
Could someone explain this to me like I'm five? I have an understanding of blockchain, kinda. What is this ICO?
This is my understanding Put aside blockchain, ICO, and browsers for a moment. Imagine an app that shows ads, nothing more. The users of the app are credited in tokens for viewing and/or clicking ads. The advertisers pay tokens to show ads. There is a middleman (presumably brave) who manages the ad marketplace and distribution (for a cut) The users can then take their tokens (acquired viewing ads) and sell them on th…
Lol, nobody understands what really happened here. Myself included! They used some kind of digital currency to purchase shares in an upcoming venture? I'd love to try to explain this to my grandma
The idea is that the Brave platform will allow users to send micropayments to content publishers. The micropayments will be in the form of "Brave Coins" which are like Bitcoins but specific to the Brave platform. The reason for this is that you reduce transaction costs to a point where it makes sense to send a $0.50 (or whatever) payment. So if the Brave platform succeeds then you'll have a whole bunch of people who…
Thank you!
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I think the notion of accredited investor is very discriminatory to small investors. It's basically says - if you already wealthy then you have an access to attractive investment opportunities with huge upside (and of course, huge risk), if you are just a middle class man then stay where you are (since your investment options with huge upside are severely limited and you don't have enough capital to make sense from i…
I think something that makes even less sense is that in theory this is to protect people from making high risk investments yet there's nothing stopping any random person who cares to do so from opening an account with a brokerage and spending their life's savings on far out of the money call options.
All these ICO's have been avoiding any SEC regulation regarding private security sales by claiming the tokens are just a method to use/exchange services on their platform, not as an investment. However, when ICO's like this one keep happening where only 100 "accounts" own 99% of the ICO offering, you pretty much lose that argument of the tokens only being there for use of the platform. It's a private security sale, a…
> People are throwing their entire savings into this while not knowing anything about it besides everyone in the group hyping it up amongst themselves. Yeah reading /r/ethtrader it's 95% hype and 5% caution. I keep feeling conflicted for not buying in at ~$120-$130, and every day I think about whether I should buy in. But then I try to answer the question "what about Ethereum makes me believe it will be worth more th…
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I think the notion of accredited investor is very discriminatory to small investors. It's basically says - if you already wealthy then you have an access to attractive investment opportunities with huge upside (and of course, huge risk), if you are just a middle class man then stay where you are (since your investment options with huge upside are severely limited and you don't have enough capital to make sense from i…
The effect of missing out on an upside is a lot less than taking a huge hit on the downside. It isn't discriminatory, it's protective. It is sad but many people would put their entire savings and next months rent into a risky investment that is not publicly traded on a regulated market and basically lose their money most of the time because they invest on hype and because their buddy told them. If an accredited inves…
I think it is both. The regulation is removing the upside risk as well as the downside risk. Many professional investors are investing to real stupid things and losing their money, it is not that difficult to find examples.
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that asset isn't liquid. who are you going to sell it to? a few of the other 200 people? do they have $35M to spend?
If Brave becomes popular, advertising space in it is worth real money, and the tokens get value. If.