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hyprCoin | 7 years ago

My plan to sidestep these regulations is to take an existing cheap chain and launch a product on it, without consent or communication with stakeholders. I will buy a large percentage of the chain before doing this, of course. Maybe plug it into zrx so the conversion is automatic for the end user. Just another launch cost and I can avoid the SEC entirely.

discuss

order

s73v3r_|7 years ago

Do you think that the SEC won't still come after you? That they'll just go, "Drat, we must've been outsmarted!"

hyprCoin|7 years ago

I won't be creating an expectation of value. If I were to do this on ethereum, for instance, no one would bat an eye. It would be just another dapp.

wmf|7 years ago

But then you don't get any funding? Unless you pump the coin in which case the SEC will still be coming.

hyprCoin|7 years ago

I generally don't seek funding for my apps. I instead just build them with a monetization path attached. What I would aim to do is to boost a crypto community coin with adoption. My monetization would be to sell the ownership I have of the coin when the dapp is in use.

I don't know if it's legal according to the SEC. I would love some clarity.