Quote from: fractastical on April 29, 2015, 12:49:20 AM

Here and available to answer outstanding questions.

Contrary to what's in the press, I don't see any "pivot" in what we've been doing. Our grueling legal research indicated that it was only possible to legally do crowdfunding in the US with the DCO model that we created, so it's essential that people fill out the correct parameters up front before they start crowdfunding. This importantly includes rights that the token holders have.

A lightbulb went off in my head late last year when I met with the CEO of Seedrs through some of my contacts with Techstars and he told him that, with two lawyers working on it full time, it took them 18 months of full-time work to get legal approval for their equity crowdfunding site. This was the first equity crowdfunding site legally launched and remains the no. 2 in the world.

So I thought the slow and steady route was the most appropriate for long term success. Unfortunately there's not a lot of exciting things to promote along the way. Well, until now that we have our basic income program / coin distribution program ready to go.

More details on the new launch here.

The PDF you wrote in conjunction with Jerry Britto, if I've interpreted it correctly, seems to imply that a DCO would fail the Howey test because of the power you give to "members" in voting decisions, therefore the investment isn't reliant on the sole efforts of a third party. I'm struggling to understand how this is any different to a common stockholder?