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Bitcoin and NFTs
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This ICO purports to be doing things by the book and for once is actually sponsored by an existing company doing basically the same thing in meatspace, but the airdrop approach seems like a liability nightmare. There are rules about promoting a securities offering. Rules which the people being paid (albeit in kind) to promote the ICO almost certainly do not know and quite possibly don't even care about, because crypto means laws don't matter.
Also, this is a Reg D offering. My understanding is that people who get the tokens won't be able to sell them except to other accredited investors. No mention of that in the white paper, which seems to assume that the tokens will trade freely on exchanges.
Also, this seems weird.
CryptoMillionsLotto is completely transparent. It is based on the outcome of the twice-weekly
German National Lottery (6aus49), where players select 6 numbers from 1-49 plus a bonus
number between 0-9. There is no possibility of manipulating the results because the winning
numbers are identical to those of the German National Lottery, whose draws are televised live and
published on the internet. Prizes are awarded for matching 2, 3, 4, 5 or 6 of the winning numbers
with the jackpot awarded for picking all 6 winning numbers together with that of the bonus
number.
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Ripple (assuming that's XRP) is not surprising is it? It's a token designed to be used as a crossing currency that is not being used as a crossing currency. The founders still have basically all the supply (or is in "escrow"). Not sure what Stellar is.
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NY Post, so caveat lector, but still
Also, you know there's something wrong when people are talking about getting "super-dope rich" in compliance.
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I enjoyed reading this submission to the Commons' Treasury Committee. Probably because it's fairly cynical in tone and I'm fed up with everything being about blockchain.
http://data.parliament.uk/writtenevi...ten/82032.html
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Well, despite it being described as a UK company it doesn't seem to be registered at companies house, under that name anyway, and the FCA notice gives a German/Austrian/Swiss company name as well, so I suspect it's more trouble than I can be bothered with to find its financials. Not that they are likely to be accurate anyway.
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About 18 percent of cryptocurrency-related posts on Reddit, Twitter and online forum Bitcointalk.org now originate from bounty campaigns, according to Solume, which monitors social-media posts on digital tokens. That compares with about 6 percent in January.
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Incidentally, the ICO referenced in that article, 4New, is truly spectacular. It's basically a waste-to-energy plant, with a crypto-token, because, um, mining crypto-tokens takes energy. They could just not have the tokens and be a larger net energy producer. It's literally creating the problem it purports to solve.
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Remember Steorn, the bizarrely long-lived but now insolvent perpetual motion company? Guess what? Its ex-CEO is now pushing crypto!
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Anyone else an armchair fan of Elio Motors? They've chewed through a King's ransom in funding to build their hyper-fuel efficient three-wheeled car, yet never get any closer to actually building and selling them. It's not a sham...it's a real car, but they apparently just can't get the dang thing launched. Some 65,000 people have a deposit on them, but I'd imagine that most of those consider their money gone for good.
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