Not literally of course … unless he’s strapped or wielding a shank, in which case go for it

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Well, that’s not a very happy photo, is it?

There is an ancient Zen koan that says,

If you meet the Buddha on the road, kill him.

There has been quite a lot written about its meaning, and, like most Zen koans, it is not (necessarily) meant to be taken in the literal sense, but is instead meant to serve as a point of reflection.

One of the many meanings attributed to this koan is that one should “let go” of one’s focus or obsession over the Buddha himself because that’s not what Buddhism is about. Given the raging debate in the alternative universe that is often referred to as the “blockchain/crypto space,” over what is the “real Bitcoin” and whether Craig Wright (Bitcoin SV is Bitcoin.)


A Brief Summary of §§ 2(a) & 2(b) of H.R. 2411

Background

On April 9, 2019, H.R. 2411, a bill widely referred to as “The Token Taxonomy Act,” was reintroduced by U.S. Representative Warren Davidson of Ohio. This was the second iteration of the bill, which had previously been introduced on December 20, 2018.

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Looks like Bill is taking a little trip to Washington, D.C. — let’s hope he makes it safely!

Scope of this Article

The 2019 version of the bill proposes changes to several U.S. securities laws and regulations as well as the taxable treatment of virtual currency under the Internal Revenue Code. …


We Have Seen the Future of Crowdfunded Token Sales and its Name is “CZO”

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TRON Foundation Founder and CEO Justin Sun (l) and Binance Founder and CEO Changpeng Zhao (r) celebrating last year after receiving honorary degrees from l’Institut d’information asymétrique de Lyon, France

Somewhere that is definitely not in China, April 9, 2019 — Binance, one of the world’s largest and most notorious cryptocurrency exchanges, has announced the latest iteration of the crowdfunded cryptographic token sale, coined the “Changpeng Zhao Offering.” Named after its globetrotting, authority-dodging, media-savvy front man, Binance’s “CZO” is being variously compared to “an ICO on ‘arnolds,’ bruh” (by “crypto bros,” typically in between sets), “the most brilliant fundraising strategy developed by the most ingenious @cz_binance” (by anyone trying to get their sh*tcoins listed on Binance via Twitter), and “the ultimate ‘mega evolution’ in ‘Tokémon!’ Get it?! ‘To-ké-mon?!’ Bwahahaha!” …


The IEO Sh*twagon Cometh

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Why? Just, why?

The author would like to thank Olta Andoni, Esq., Adjunct Professor of Law at Chicago-Kent College of Law, Illinois Institute of Technology and Head of Blockchain Practice at Ziliak Law, LLC, for her valuable assistance in writing this article.

TL;DR

Feeling glum because you missed out on the 2017–2018 ICO bonanza and can’t donate seven figures to the cryptocurrency exchange-managed charity of your choice? Never fear, gullible crypto startup founders! IEOs are here!

Introduction

Anyone who has spent any time involved with — or even just been a careful observer of — the blockchain and cryptocurrency industries is bound to notice that there is an abject lack of critical thinking demonstrated by a surprising number of participants in the space. One truly wonders how a technological advancement that is at once so groundbreaking while also being quite difficult to understand can attract so many people who seem unable to use the brain that God gave them to think for themselves. Our hypothesis is that desperation and greed likely play some role in the prevalence of that condition. …


This article was originally published in a modified form on LinkedIn on June 13, 2018.

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“No cash value” is an accurate description of the vast majority of tokens promised but never delivered because their ICO-funded cryptocurrency-related startup failed

The old funding model…

Long, long ago, before the advent of the Initial Coin Offering (“ICO”), it was common for startup founders to agree to forego any sort of salary and work for equity in the future company instead. Why equity, you may ask? Simple, because early-stage startup founders often suffer from a condition known as “hypofundemia.”

hypofundemia [hahy-poh-fuhn-DEE-mee-uh]

noun

a financial condition characterized by an abnormally low level of funding

Example — Like so many ‘techpreneurs’ of her generation who suffer from chronic hypofundemia, Kiki Gogofundme was forced to subsist on Ramen noodles for several years while trying to ‘live the dream.’ …


Remember the Golden Age of ICOs? When It Seemed No Project Was Too Dumb to Succeed? NASO Was Too Dumb to Succeed…

This article was originally published May 9, 2018, on Tokenicide!

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We’ve researched quite a few ICO-related scams and discovered that the #1 reason scam ICOs fail is as follows:

Somebody realized it was a scam before the founders made off with the loot

So in an effort to help you up your flimflammery game, the ass clowns 🍑🤡 at Tokenicide! have created this guide on what NOT to do when launching a scam ICO.

Disclaimer: We don’t like scams. That’s why we wrote this post. …


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As someone who reads lots of ICO white papers (and I do mean lots), I have unfortunately come to one very sobering conclusion: many, if not most, of the ICOs out there right now are “whistling past the graveyard” when it comes to taking seriously the potential impact of their tokens being characterized as securities by the U.S. Securities & Exchange Commission (or one of the many other state-level or international regulatory agencies tasked with monitoring this space). And I’m not even talking about the scams.

I therefore have to agree with former U.S. Securities & Exchange Commissioner (and now Stanford law and business professor) Joseph Grundfest who was quoted in a New York Times article dated November 26, 2017, entitled “Initial Coin Offerings Horrify a Former S.E.C. Regulator.” …


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There once was a time — not so very long ago — when the average American had a positive impression of China…

It was the year 1989, when Gallup polling data showed that 72% of Americans had either a favorable or very favorable opinion of China. Ever since then, however, China’s favorability rating in the United States has hovered in the 35% to 45% range. Topic: China (Gallup, Inc.) The reason for the initial drop is obvious to any student of history, but what is not so obvious is why it has stayed so low for nearly three decades. By comparison, a Gallup Poll conducted in 1956 asking Americans their opinion of Germany (the same Germany that a little over a decade earlier was at war with the United States and systematically exterminated over 3 million of its own population in concentration and extermination camps) showed that 76% of Americans had a positive opinion of Germany.

About

Grant Gulovsen 高伟明

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