> If they were in fact all Ponzi Schemes then people would already be in jail.
Well it was the SEC that oddly of all the ICOs published an opinion on the DAO, the one ICO that was hard forked (erased from existence). Though if the DAO wasn't erased, based on the SEC opinion it is fair to say they would have brought a case right? I mean its not exactly fair for them to conclude the DAO was an illegal sale of securities and then not enforce the law.
Separately, we have instances of the SEC contacting ICOs and informing them they are in violation of the law and the ICO investments being returned to investors...so I think the SEC has fully weighed both sides of the equation.
Certainly the comment you are responding to did not say ICOs are ponzi schemes, they just simply applied your ICO logic to another situation, but truthfully many ICOs will turn out to be ponzi schemes and outright fraud, and likely the DAO was neither (surely it would be fraud if they were the hacker) but they still were likely violating securities laws.
Well it was the SEC that oddly of all the ICOs published an opinion on the DAO, the one ICO that was hard forked (erased from existence). Though if the DAO wasn't erased, based on the SEC opinion it is fair to say they would have brought a case right? I mean its not exactly fair for them to conclude the DAO was an illegal sale of securities and then not enforce the law.
Separately, we have instances of the SEC contacting ICOs and informing them they are in violation of the law and the ICO investments being returned to investors...so I think the SEC has fully weighed both sides of the equation.
Certainly the comment you are responding to did not say ICOs are ponzi schemes, they just simply applied your ICO logic to another situation, but truthfully many ICOs will turn out to be ponzi schemes and outright fraud, and likely the DAO was neither (surely it would be fraud if they were the hacker) but they still were likely violating securities laws.