RE: Steem Media Tokens, good idea but at what costs (legally)?

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Steem Media Tokens, good idea but at what costs (legally)?

in smt •  7 years ago 

@dana-edwards I'm very interested in how they're going to approach ICOs already launched or in the process of launching. There's already a glut of ICOs, its possible we'll see a funding "arms race" where US companies are rushing to release their ICOs before the SEC comes down on them. And what about ones already completed that have tokens. Do you think they will be grandfathered, or will they push regulation on them and make them pay similar fees as traditional securities?

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It's possible to do ICOs legally but it's very hard and not really worth it. I would rather use my tokens to set up something more direct, buy the tokens to pay for services my business offers. No "ICO" or any securities but sell a service which can only be bought with the token.

Seems to me you are about to follow very closely the SMT developments. SMT probably comes with HF21 and parallelism with HF22.

So you still have some time to ponder these questions.