These pre-sales are ground floor opportunities to participate in seed rounds in small tranche sizes affordable to anyone. This has been denied to retail investors for a very long time. This is a threat to some gatekeepers and their cronies who are used to making a lot of money from the current system, which may be a motivation for the recent flurry of attacks against IPO type pre-sales. These attacks seem to be coming from experienced disinformation operatives skilled in their craft - not your typical trolls
Both of these comments are actually very interesting. Bitcoin is bringing a whole new way of thinking to a lot of traditional financial systems. In some ways, flipping it right upside down. And in most ways, leveling the playing field. Eliminating corruption. Special interests. Pre-IPO buying that only the rich can participate in, etc. It seems that this IPO could be viewed in just the same way. Just because traditional VC scenarios play out a certain way, doesn't mean doing it this way is invalid, or less legitimate. It's just different. Given the corruption saturating the traditional financial system, this way may very well be superior. Bitcoin has been a challenge to a lot of people, to start thinking about money, and structure in a completely different manner.
I think it makes sense to build in security, legal recourse, and fraud protection however. I don't think doing so would take away from the new mentality that crypto is bringing
But look at it this way: those things are coming. Right now we're still in the "wild west". A time when the risk is huge, and the reward will be exponentially larger than anything available once traditional rules are put in place. *shoots guns in the air*
-B-
