!sbi status
The legality of this realm is both unfortunate as well as somewhat beneficial. I see the need to protect people from those who want to steal their money but at the same time when governments get involved, it becomes a beast of regulation that prevents common people from using things to favor those with the money and or legal experience to do so. Kudos to you folks for being very thorough in your understanding of this realm, it is constantly changing I’m sure.
I’ve come to really enjoy the SBI project, hopefully it continues for a long time! It’s great to see that most of the people didn’t enroll themselves, I think it shows the level of contests and generosity of others to enroll people.
Hi @cmplxty!
Structure of your total SBI vote value:
A pending upvote balance is tracked for you in our database. Each time you post, your balance is drawn down by up to 20%. If you post again before that amount is replenished, your next upvote will be smaller. Our minimum upvote for posts is $0.012. Your balance accumulates until a minimum upvote can be delivered with 20% of your pending balance.
I generally prefer a lighter regulatory touch... however the huge number of fraudulent ICO's really illustrates why there is such a perceived need for regulations.
"Obviously the people need protected from investment schemes - look at what they invested in when they didn't have it!"
Yet there is a narrow focus to such thinking. All the supposed sophistication and accreditation didn't stop billions of dollars from being invested with Bernie Madoff. When the returns look good, people have a tendency to look the other way - no matter how much accreditation and sophistication they have.
In fact, the expectation of tacit government approval leads to a lot of intellectual laziness - "I don't need to do as much diligence because the government actively stops fraudulent schemes."