So one more time, I hope the team will explain us how they could rent power stations without having a registered company.
And I hope they will post some of their contracts.
Basically you can rent such a place as an individual as well, in the case of hydrominer it is currently rented with a company of one of our investors from Vienna, Austria.
As explained, the company plans to incorporate, however this process will be started once there is an indication of the level of funds that will be raised.
In fact the team has been in touch with lawyers in Austria (actually also the same team that consulted Heroes) and Switzerland. To establish a company that will allow fundraising to a certain extent.
However and it must be made clear, there is currently no company or group of people that could possibly claim a to have or to conduct an ICO in an existing legal framework. Mainly because there is no such framework anywhere in the world and furthermore because unless the ICO is completely local and all permissions in this particular place are in place. The typical ICO that aims at an international audience would therefore need to have legal documents from authorities of each country where the coins are sold including KYC and AML compliance for each investor, which in the case of cryptowallets is basically impossible.
ICO´s are a great way for startups to raise money in a completely unregulated und unchartered territory, its absolutely clear to everyone that this comes with high risks, for the management of ICO´s as well as the investors and this is what this forum is about, to answer crucial questions, make everybody aware of unclear aspects of ICO´s etc.
So the good thing here is that conducting an ICO is a risk and therefore the one who does it must be very cautious with the funds they receive, which is in fact good news to investors.
What does not work is in my humble opinion to try to bring these 2 worlds together, the totally overregulated world of finance where providing and raising funds has become a privilege of few state regulated entities that can afford the increasing governance and regulatory hurdles and the worlds of ICO´s that is based on trust and a network of individuals that reach out to the team, the advisors and actually visit the business by their own to make their own judgement.
If one wants to invest in the old world of finance, well 99.9999% of all financial products in the world are regulated and there is plenty out there.
If one wants to regain the freedom to make your own investment decisions, then ICO´s are a miniscule market where this can work.
Thanks for your answer and thank you for the video.
You are very pretty.
