Bitcoins and other crypto currencies stir Wall StreetsteemCreated with Sketch.

in bitcoin •  7 years ago 

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In order to quickly win financing, while avoiding traditional market regulations, companies issue their own virtual currency and sell it at auction.
Instead of raising funds by scoring their shares, small computer geniuses have found a quicker and more efficient way to find financing. They issue their own virtual currency and auction it through an ICO. In this case, there is no need to comply with the rigorous and transparent requirements of the US Securities and Exchange Commission (SEC), to fill hundreds of pages of prospectuses and pay ruinous lawyers and bankers, business. With a good description and a website, the tour is played.

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Wall street is a dinosaur, when fabrication plants are making spaceships from minerals gathered from asteroids I'm not sure they'll particularly care what a street in NYC is up to.