I will refrain from discussing any intricacies of the law. I know better than to get into that discussion as a non-lawyer. I'll be the first to say I'm not a lawyer and I don't understand the intricacies of the law. But in my sources and posts I always cite people who are lawyers talking about the intricacies of the law and even they have differences of opinion on the legality of ICOs. So why should we assume there is a legal consensus?
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No, there is absolutely not legal consensus on EVERYTHING concerning ICOs, but there ARE in fact precedents that we can move forward from.
That is why you get counsel, so you know what precedents exist.
Okay, when you have the time you should make a blog post outlining your perspective on the issue of ICOs, the whole ICO bubble discussion, the risk to developers and investors, the role of regulators, etc. I think if you share your knowledge and experiences on this topic it can be helpful to evolve the discussion. I can only say, my own discussions are from my perspective, but there is no reason why the community should arrive at my perspective as the right one without studying alternative perspectives.
And I'll take a look at your whitepaper, but in general a blog post would definitely be good for promoting discussion on this.
I will definitely make a blog about ICOs at some point.
I will post this here:
https://www.forbes.com/sites/rogeraitken/2016/05/15/bitcoin-exchange-ccedk-relaunching-as-decentralized-conglomerate-with-crowdfund-focus/#7f3403b07a7e
"A white paper to describe the organizational structure and operation flow behind CCDEK’s overhaul is currently in the process of being prepared by Larry Christopher Bates, Bitland Global’s chief security officer based in Indiana, who has Master’s degrees in cyber security and telecommunications.
It is understood that Bates, who has also written about the theoretical application of the blockchain on the global economy, will present a “theoretical construct” for a new model of economic ecosystem that is built on OpenLedger and guided by CCEDK.
Withdrawals from CCDEK will nevertheless unaffected during the upgrade period and possible throughout June 2016 upon request - as well as afterwards.
Thereafter, on 1 July 2016 when the exchange re-opens, CCEDK will serve as a portal for OpenLedger and as what is being described as “an investment knowledge hub” for the so-called Decentralized Conglomerate, which currently includes OpenLedger, Obits, blockchain-advertisting network BitTeaser plus other blockchain-based projects.
The Decentralized Conglomerate
It was back in March 2016 on Forbes that I explored themes around bitcoin, the blockchain and the future of newly coined term the Decentralized Conglomerate (DC). The latter is effectively a new form of partnership and touted as the “cutting-edge” method to building communities and establishing diversity in the marketplace.
The DC development is basically an idea that has existed as far back as last October when BitShares launched on OpenLedger, a universal shared platform based on the BitShares 2.0 MIT-licensed Graphene blockchain technology. The term itself was incidentally conceived by Bates.
A Decentralized Conglomerate enables multiple organizations to team up and join forces on a universal platform and allows them to invest in each other’s success. In theory it should result in the entire network reaping the benefits of cross-promotion. At least that is the theoretical goal."
https://steemit.com/ico/@chris-bates/why-icos-will-revolutionize-crowdfunding
Just because you asked so nicely :)