Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [GDGC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
by
altcoinUK
on 11/09/2015, 10:20:17 UTC
@mtomcdev

I think essentially the structure does make sense and thanks for organising it, except my concern is that wouldn't be this an illegal securities offering in the United States? I am not sure just asking. I have contacted our lawyer in the US but he has no idea what the implication of attaching shares to a digital currency trade. Generally speaking perhaps it is not illegal to sell for example a house and assign some company shares as well to the buyers as a bonus to incentivize the purchase, but perhaps it is a slippery slope. I am concerned because if this project will be successful - we all hope it will be - then there will be always somebody who try to destroy it and could request an investigation from the US financial authorities. I am not saying it is illegal securities offering, just asking.