#ico Submission to the Australian Treasury
▻https://hackernoon.com/illegal-coin-offering-submission-to-australian-treasury-e687454e9fda?sou
Why ICO should stand for “Illegal Coin Offering”99.9% of WhitepapersPrefaceThis article is an extension to a submission the authors have made to the Australian Treasury during their information-gathering process.We believe it’s critical for people to better understand what really happened during this mania, the skewed incentives that resulted and the ramifications of this blind excess. The ultimate aim is to help ensure something this deranged does not happen in a space with so much promise.Please also note: Rory and myself are both 100% for free markets, choice and people’s right to do what they want — so this is not some request for socialist compensation.This is an exposé.The goal is to wake people up, and hopefully encourage some accountability in the space. Anyone considering an ICO should (...)