Whether it is good or bad, we may have unstopped ICO phenomenon underway! Oh my.

After all my ranting about the illegality of ICOs, I stumbled today on the idea that forking and airdrop may be a way to convert an ICO issued token into a non-security.

Thus in theory for example the EOS tokens would end up living on (as re-issued in an air drop) outside the jurisdiction of any securities regulators in the world.

Hahaha. The regulators suddenly become irrelevant and can be ignored?

Disclaimer: IANAL. This is not legal advice.