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RE: Blockchain technology needs deregulation and a hands off approach from state and federal regulators
Again...if a developer is receiving crowdfunding in the form of gifts with no equity, no debt, no promise of returns, there is NO RISK ATTACHED for developer.
The angel investor goes into an investment assuming 100% loss, i.e. the highest risk possible.
This is why crowdfunding models are superior for prototyping from the perspective of developers. IPOs are for products and services that are already profitable.
Has this been tested in court and held up? I'm talking this ICO approach not angel investing.