Quite possibly.
IPO style coins and etc is basically the selling of unregistered securities and that's illegal. The same accusations can be said against premined and instamined coins as well, if the developers benefited financially through the sale of coins that they acquired unfairly ahead of everyone else through any work of their own such as premining coins ahead of launch, or instamining coins after launch through changing the coin's features, it probably counts as selling unregistered securities.
Topic: Please discuss. Is the future of crypto in POW? - page 3. (Read 2063 times)
Read this post by ArcticMine
If Fincen starts going after IPO/ICO/presaled coins, do you think the future of crypto is in Proof of Work?
Here is the Ripple agreement. http://www.justice.gov/sites/default/files/opa/press-releases/attachments/2015/05/05/settlement_agreement.pdf Well worth reading especially Appendix A. My take is that a fairly launched POW coin (no pre-mine, insta-mine or ninja-mine) is likely safe. So would a proof of burn such a Counterparty. The rest could easily be currently under investigation. If they are working their way down the market capitalization list, it will be very interesting to see how they react to DASH. I would also suspect Ethereum is in the cross hairs not only of FinCEN but also of the SEC.
If Fincen starts going after IPO/ICO/presaled coins, do you think the future of crypto is in Proof of Work?
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