Jul 23, 2017 · 1 min read
To review the bidding — blind, uncapped sales of tokens raising money for unspecified, unregulated usage by people who have never done this before with no reporting mechanism — what could possibly go wrong?
Egads.
There is a reason why this is not being done under the umbrella of the US Securities and Exchange Commission, no?
Some 80% of these deals will crater if they hit the typical VC funded model. Why would they ever be that successful given the above?
