Post
Topic
Board Altcoin Discussion
Re: Synereo - Earn Money Using Social Media
by
TPTB_need_war
on 15/04/2016, 08:42:29 UTC
I don't hate Synereo's people. I just wish they hadn't done a vaporware ICO, both for the legal reasons of selling unregistered investment securities to non-accredited USA investors apparently in violation of securities law as provided for by the Supreme Court's Howey test and simply because it is the antithesis of the objective ethics (i.e. no zero-sum games) of meritocratic software development to sell vaporware.

That`s so nice of you not to hate them. What I like about the vaporware AMPs is that no one has to buy them and at the same time people like you have no possibility to hinder me to do so.
I can buy it as freely as I can ignore your T-Shirts. Freedom is awesome.

Well originally that was my thought too given I am a minanarchist. I was very defiant of 2112's attempt to help me and ridiculed his attempt to teach me that I was incorrect. Today I was reminded to PM him a "mea culpa".

Because the reality is that USA society (at least and probably simiilarly in other jurisdictions) has decided that snakeoil salesmen (i.e. hypesters and pumpers) have too much leverage over "unsophisticated, non-accredited" USA investors, and thus has adjudicated that the selling (and ostensibly promoting) of ICOs to USA n00bs (residents or expat citizens) even when promulgated by foreign entities. I understand a prison sentence is a possibility.

Meaning it is not freedom to allow murders and rapists. It is also not freedom to allow hypesters to prey on the ignorance of n00bs, or at least that is what society has decided. If the law changes, then we can talk about the new reality. Until then, I can't help create/code/develop freedom from prison. I suggest you go read the appropriate thread from start to finish:

https://bitcointalk.org/index.php?topic=1218399.msg14546242#msg14546242