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RE: Filecoin - The Next Big Cryptocurrency

in #cryptocurrency7 years ago

I realize that the offering is open to USA accredited investors.

My question is what about non-US citizens who are not subject to the SEC accreditation rules?

I also agree this goes against the tenants of cyrtocurrenices. We effectively have Coinlist acting like an investment bank determining who gets to buy ICO shares and play the POP. Very disappointing but foreseeable.

I do say 'play' since IPO's and presumably ICO's can open down.

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I believe but am not positive that regardless of location you will have to prove you are an accredited investor. Especially with the recent SEC ruling and the general sentiment regarding ICO's coinlist will not want to take the chance and will stick strictly to the book on this one.

On your second point yes exactly they are in effect centralizing ICO's and taking a cut on the amount raised while at the same time cutting out the majority of the population. I think the reason we have seen such rapid growth in crypto is it is completely unregulated compared to traditional markets. Some regulation is necessary and will facilitate large scale adoption but this seems like business as usual. Still very hopeful though for the future