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RE: Blockchain technology needs deregulation and a hands off approach from state and federal regulators

in #ethereum7 years ago

also, your citation had nothing to do with what you were saying...

i KNOW for a fact nothing can be 0 or 100% when actually "measured", but again, one uses hyperbole to illustrate a point.

completely anonymous ico would be the closest one could get to 0% risk for a developer to acquire funds and start a project. Yes. adding an identity DOES in fact increase the level of risk for a developer, but THAT is only if they do something illegal.

If you do nothing illegal, there is literally no risk.

So again, "risk" is conditional, and risk assessments will be different depending on when they are taken, i.e. how different regulations will be in place.

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Right, if a developer does nothing illegal there is no risk. So a developer has to do everything they can to reduce legal risks onto themselves because a lot of activities which seem legal might be illegal.

This is what I mean by we need better templates than just the ICO template. It might be possible to do the ICO correctly, but it's also possible to do it incorrectly, and then it's a matter of how harsh are the penalties. In any case developers having to spend more and more time dealing with legal issues is not good for development.

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