Blockstack’s token offering is historic, but its dance with the SEC is not over

[rolltiide]

its sad that the operational risk is so damn high though.

you have to:

1) like the idea

2) trust the management team

3) hope infrastructure gets built around it so that there could be perpetual demand for these tokens

4) hope the regulators play ball

and if any thing incompetent happens with the management team, all liquidity evaporates permanently, no matter if the problem and solution were sound ideas

when really you just want to be able to "like the idea" and let it flourish on its own, where a management team doesn't need to exist, or a management team can be hotswapped for anyone

[arcticbull]

Correct. That's why we have an established, well worn process for raising funding for your business. You raise from accredited investors by selling the highest-risk equity, then as you become more mature, you raise from bigger, less risk-tolerant entities. Eventually, you're in a position to publish financials regularly, and raise money from a broader audience ("go public"). Your itemized list is why we do it that way. This "tokenize everything" end run around the SEC is a just a way to bilk low-income individuals of their hard-earned savings.

The crypto community continues to speed-run the history of finance.

[oooshha]

Token buyers in this offering are paying 1000x to 2000x more than what early insider investors paid.

[JaleDarvis]

When I buy shares of lets say Uber - how much more than early investors am I paying?

[tomc1985]

Please... no token offering is "historic"

[sdinsn]

I disagree, I think they are historic scams

[wonjun]

This is good for bitcoin.

[arcticbull]

I can legitimately no longer tell if this is sarcasm or not.

[slappyjoe2000]

Still. Sounds hopeful for fundraising.