RE: Are Most Cryptocurrencies Doomed to Collapse — because they’re “ICO-issued”?

[anonymint]

@‍Traxo wrote at BCT:

It's implausible to expect that millions of ICO investors worldwide[…]

There aren't millions.
ICO issuers buy the ICO from themselves to make the illusion of significant interest, while thus pre-mining most of the tokens to themselves.

Probably less than 10,000 ICO investors of any significant amount.
I agree the regulators probably won't waste their effort to go after those who are only speculating with their lunch money.

The people who need to pay attention are those who have significant amount of money tied up in "ICO-issued" tokens.
They had better think carefully about this.

Also the potential fines and jail time is not the only threat.
The other threat is the collapse in the price of these "ICO-issued" tokens.

Comments

[fourflames]

This post foreshadows the collapse of ICO-issued tokens or the collapse of their price? Collapse of ICO-issued tokens would mean these tokens become illegal and non fungible which then leads to the collapse, making them worthless.

[anonymint]

Both.

But please also read my recent thoughts about caveats.

[fourflames]

Sure, I will do that.