Can't say I disagree.

The famous blog post states intent to circumvent securities laws while achieving the same economic reality of raising funds by selling stake to investors seeking a return from success of the project. That's basically a roadmap for SEC prosecution. Whether the SEC chooses to prioritize this over hundreds of other such candidate token/ICO cases is unknown to me. I always felt that blog post was a strategic blunder (i.e. harmful admission) driven by ego ("Look how clever I am, I figured out how to skirt the law while achieving the same thing").

Just my uninformed and ignorant view, not legal advice.