Quote from: The Pharmacist on December 15, 2018, 10:26:43 AM

Quote from: Hydrogen on December 14, 2018, 06:44:41 AM

Is it my imagination or does it seem as if politicians responsible for drafting regulatory legislation for ICO's and crypto currencies not seem to understand how either of those things work?

I'm not sure if politicians understand anything other than how to get elected, to be honest, and the decisions they make I've always assumed to be the result of lobbyists and other influencers.

This idea sounds pretty retarded if you ask me. I'm not sure how building that wall, crowdsourcing the funds, and creating a new shitcoin in the process have anything in common. The financing certainly could be done through crowdsourcing--and that's not a bad idea at all if there are enough supporters, and it would be a morale booster for those who contributed....but how blockchain tech fits into this escapes me. It also seems to me that if that wall were to be financed with crypto, bitcoin or a combination of bitcoin and any number of other coins could do the trick. I just don't get this.

Quote from: cluit on December 15, 2018, 10:10:49 AM

People do not start doing ICO because they want funding period, they do ICO because they need funding for their coin which would be given out to the people and hopefully make them money later on. What are they thinking about wallcoin ?

From all that I can tell, the only people who make money on ICOs are the developers behind them, not the investors since most of them are useless or outright scams. I'm pretty sure this politician doesn't know what the fuck he's doing or talking about. Typical.

Of course that can happen. These guys have access to huge funds and can no doubt fund the border wall. There have been occasions in which many of the people from the country come forward to invest in a public project.