this looks bearish
ico craze stopped
Topic: Some nuances of the SEC ICO statement (Read 327 times)
Bullish. Scam ICOs and pseudo securities were never going to drive Ethereum.
What drives Ethereum is current demand and Future expected value. Recognising it as a viable token platform and initiatives like coinlist will accelerate acceptance and legitimacy, much as the EEA has done.
Tokens will fall into four main groups
Scams - promise you profits
Securities - promise you profit share, centralised
API keys
Scarce digital assets e.g. Rarepepes
Mines coins will be a separate commodity
What drives Ethereum is current demand and Future expected value. Recognising it as a viable token platform and initiatives like coinlist will accelerate acceptance and legitimacy, much as the EEA has done.
Tokens will fall into four main groups
Scams - promise you profits
Securities - promise you profit share, centralised
API keys
Scarce digital assets e.g. Rarepepes
Mines coins will be a separate commodity
As a hedge fund manger and recent token architect I wrote up some of my thoughts on the SEC statement that the DAO was likely a security here:
https://medium.com/ananas-blog/sec-on-icos-securities-are-securities-but-928d9862389f
The coinbase white paper on the topic includes an excellent spreadsheet to help construct tokens, but as a general rule anything that promises a profit is a scam, a share of profits is probably a security.
https://medium.com/ananas-blog/sec-on-icos-securities-are-securities-but-928d9862389f
The coinbase white paper on the topic includes an excellent spreadsheet to help construct tokens, but as a general rule anything that promises a profit is a scam, a share of profits is probably a security.
So do you see this as bearish or bullish?
Overall, feels bearish, but the no penalty for previous wrong doing feels bullish. It puts a damper on runaway ICOs, which was an unsolvable problem for ETH...
As a hedge fund manger and recent token architect I wrote up some of my thoughts on the SEC statement that the DAO was likely a security here:
https://medium.com/ananas-blog/sec-on-icos-securities-are-securities-but-928d9862389f
The coinbase white paper on the topic includes an excellent spreadsheet to help construct tokens, but as a general rule anything that promises a profit is a scam, a share of profits is probably a security.
https://medium.com/ananas-blog/sec-on-icos-securities-are-securities-but-928d9862389f
The coinbase white paper on the topic includes an excellent spreadsheet to help construct tokens, but as a general rule anything that promises a profit is a scam, a share of profits is probably a security.
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