Quote from: Traxo on September 03, 2017, 08:14:31 AM

It's even bloodier than that:

Are Most Cryptocurrencies Doomed to Collapse because theyre ICO-issued?

Excellent reading. It looks like this guy thinks the entire ICO industry could collapse. Worthy of a few re-reads no doubt.
Still at a loss if any solution exists to the ICO

Quote from: 2bfree on September 03, 2017, 09:41:12 AM

Quote from: FelixTheHat on August 31, 2017, 08:49:47 AM

Maybe I am missing something, but everyone here seems to have this backwards. The US government isn't going to come after US citizens who buy coins in an ICO. Why would they? I don't even think there is a law against buying coins.

The law pertains to selling the coins to US citizens, not buying them. If an ICO sells to US citizens, the US government, in all its oppressive fury, can say that the ICO, by selling to US citizens, must comply with US law. Then, they can come down on the ICO founders, destroy them, and take all their money. In the name of justice, of course. It's the American way.

So, naturally, ICOs may not want to do business with US citizens, as they don't want to be subject to draconian US laws. That's why they won't sell to you. They would like your money, but it's just safer to avoid Americans altogether. European banks have been cutting loose their US customers for years now, for similar reasons, making life for US expats nearly impossible.

By lying about who you are, you are exposing an innocent start-up company to the risk of US law destroying them. I suppose that, if they found out, you might be guilty of some kind of breach of contract. It would depend on the laws of the country they are based in, and that would be civil matter anyway - not a criminal matter.

The US government, in fact, might be thrilled by you buying into such an ICO. It gives them an excuse to go after the start-up, squash them and take their money.

I live in a country that hates freedom in East Europe but when I turn on TV all I hear is America is land of the free, are you trying to say that is not true?

Freedom in the USA is over hyped, imho.

ciceronyc

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