Quote from: ACGCrypto on December 12, 2018, 01:38:08 AM

Quote from: gembitz on December 12, 2018, 01:13:49 AM

Quote from: ACGCrypto on December 12, 2018, 01:12:40 AM

Quote from: throwawaytao on December 11, 2018, 04:00:57 PM

Making a throwaway to point out that this is, in fact, a lie.

Bryce did put a cap on the fundraiser, but at 30 million (1USD = 1TAO), not $100 000. The latter is just what he managed to raise (in fact, he raised slightly more than that, according to contemporaneous PR material).

See e.g. https://bitcoinprbuzz.com/tao-network-announces-the-crowdsale-of-its-cryptocurrency-and-the-tao-of-music-project/

Quote

The TAO Network has made 30 million TAO tokens available for the ongoing month-long crowdsale. Rest of the tokens are allocated for development, marketing and community building exercises. The platform has announced that the value a TAO token will not be more than $1.00 during the crowdsale. Participants in the crowdsale shall receive a 25% bonus on their deposit if the deposit is made prior to Friday, August 5th.

You might want to re-read that a little more carefully. "Not be more than $1.00" isn't the same as setting it specifically to $1 the way you're representing it. The amount paid per Tao was proportional to the amount raised, and it ended up at approximately $0.003 per Tao, which is a long way from $1.00

Whether it was capped or only raised ~$100K is irrelevant to the question of whether it qualifies as a security.

It does not.

BILLIONS TRUST ME Wink

WEEEEEE

Do you have anything of substance to contribute to the conversation or are you basically just mashing the keyboard at this point? Roll Eyes

#COME ON CHUM>>>PLAY ALONG!! WEEEEEEEEEEEEEEEEEEEEEE