Quote from: kosmost on July 09, 2017, 04:12:55 AM

Recently I came up with an idea that could evolve the concept of the ICO for coins, at least as far as mitigating SEC scrutiny is concerned.

As I've detailed in a couple of places, there are crowdsales (which are good and legal in the US) and ICOs (which are not legal for US citizens and residents). Some people use the term 'ICO' when they actually mean 'crowdsale' or 'token sale' and vice-versa.

Having come up with the 'ICO' concept a few years ago and held the first ICO for Karmashares, I've held my tongue since then regarding its misuse, but recently began speaking up about it more and have gone so far as to claim (rightful) ownership of the invention in order to promote the correct usage to prevent unwitting (US-based) participants who still aren't aware of the important difference.

However, I do have an idea which I think could work to get some of the benefits of an ICO without actually having an ICO. An ICO lasts only so long, but this idea could benefit GOOD indefinitely. I will update the OP in a few days with more info on this, but I think it could be quite powerful for GOOD and other coins/tokens.

Interesting! Is there a discord/slack or telegram channel for GOOD at the moment?