[ExI] Initial Coin Offerings Horrify a Former S.E.C. Regulator

[Brent Allsop]

Yes, it is 1999, again, already, and possibly in a much more significant
way.

Yes ICO’s, and holding crypto currencies are very dangerous.  There is
still everything from insider trading, to pump and dump schemes, to Ponzi
schemes, and you name it.



But, in 1999, if you picked the right company, Google, over all of the
other many search engines, Amazon, over all of the many online retailers,
Facebook (ether?) over Myspace (bitcoin?)… I think there is much more top
end make huge profits in a small amount of time than there ever was with
the last dot bomb.

On Wed, Nov 29, 2017 at 4:47 AM, spike <spike66 at att.net> wrote:

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> *From:* extropy-chat [mailto:extropy-chat-bounces at lists.extropy.org] *On
> Behalf Of *Stathis Papaioannou
> *Sent:* Tuesday, November 28, 2017 11:53 PM
> *To:* ExI chat list <extropy-chat at lists.extropy.org>
> *Subject:* Re: [ExI] Initial Coin Offerings Horrify a Former S.E.C.
> Regulator
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> On 29 November 2017 at 16:46, Adrian Tymes <atymes at gmail.com> wrote:
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> https://www.nytimes.com/2017/11/26/business/initial-coin-
> offering-critic.html
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> Jeff, and anyone else involved in ICOs: your thoughts?
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> >>…There are no rules at all. The underlying projects are often very
> vaguely described, there is often little prospect for profit even if the
> project succeeds, and even if there is profit the holders of the coins are
> not usually entitled to any of it.
> --
>
> Stathis Papaioannou
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> It’s 1999 again!
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> spike
>
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> extropy-chat at lists.extropy.org
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>
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