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Topic: Underground business... - page 2. (Read 2565 times)

donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
December 03, 2012, 04:14:28 PM
#6
I was thinking of an underground business in The Shire. Grin
legendary
Activity: 1680
Merit: 1035
December 03, 2012, 03:41:51 PM
#5
Thanks guys. Great help!
legendary
Activity: 947
Merit: 1042
Hamster ate my bitcoin
December 03, 2012, 02:13:37 PM
#4
Base it in a country out of the reach of the SEC.
legendary
Activity: 873
Merit: 1000
December 03, 2012, 01:58:26 PM
#3
HYPOTHETICALLY How would one go about starting a business that you know may be illegal, and will eventually run afoul of the SEC, without running into legal trouble?

build it so that it is not very visible and easily ignored (i.e., not in a way that it would require a response from enforcement).  build it so that it does not exist to enrich the founder / central operators but instead any wealth earned is shared among all participants proportionate to the effort (e.g., like a coop),    build it only if it benefits mankind and as such clamping down on it would be politically untenable in the short term and changing the law to accommodate it in the long term becomes a more attractive alternative.
legendary
Activity: 1400
Merit: 1013
December 03, 2012, 11:36:16 AM
#2
Start it using your reputation, build it up to be viable, then give it to an anonymous entity when you start to feel the heat? Start it in an anonymous way and get someone well known to vouch for you?
The best way is to build a business model in which minimal or no trust is required and stay anonymous the entire time.
legendary
Activity: 1680
Merit: 1035
December 03, 2012, 10:36:59 AM
#1
Just looking for some ideas here:

HYPOTHETICALLY How would one go about starting a business that you know may be illegal, and will eventually run afoul of the SEC, without running into legal trouble? Start it using your reputation, build it up to be viable, then give it to an anonymous entity when you start to feel the heat? Start it in an anonymous way and get someone well known to vouch for you?
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