again, just because there's speculators on a secondary market buying and selling doesn't mean it's a security. a commodity future option is by default NOT the commodity. In the case of a token – you own the commodity and you have the right to use or sell to someone else – like a carton of milk.
The only difference here it took no cost to create the commodity which is why there exists a market to resell at unbelievable margins.
If I presell tickets to my music festival to a reseller who in turn profits in selling it to festival goers, you're basically saying my tickets were securities and need to be registered with the SEC. you see how crazy that sounds. :)
DAO tokens were obvious everything else is just a funny money commodity. Yes, some kid made a way to print your own money in under 30 secs. enjoy it!
"It represents an ownership position in a publicly-traded corporation (via stock), a creditor relationship with a governmental body or a corporation (represented by owning that entity's bond), or rights to ownership as represented by an option."
Exactly. move into your mother's house. become a 1099 contractor at $100/hr+. save, save, and save. a year later there's your bootstrap funds + credit cards, excess of 100K. Outsource design/dev if necessary, launch it, raise a large seed round/series A, valuation 4m+
You don't have to give away anything. be an entrepreneur.
if someone stole your idea. it wasn't a good idea. not to say you couldn't make you alot of money off of it, but really you came up with a predictable idea any analytical or entrepreneurial individual would derive given the context/problem. now it's a "lottery". who executes/implements the best increases the odds of winning. that'a crapshoot (oversimplification obviously...you get the point).
on the other-hand, truly good ideas are nearly irreproducible, because there is a probably a very small chance someone will see the vision in your way.
ideas are art. decent art is reproducible. good art is not.
I would agree with the fashion profiling argument, but I had a (black) friend arrested on his way to a job interview in a suit for switching subway cars. The only reason he switched the subway cars was due to a homeless person smelling up the car he was in. Pretty sure if he was a white male he would not have been arrested.
Time = Money only for ideas that are easily reproducible. if you truly found a niche it's nearly impossible for another business to execute it the same way.
Yes, because buying merch and donations are one-time deals. No one is buying the same shirt from their favorite band every month but they are sure listening to their music every month. And if the the lionshare of my own subscription is going to Lady Gaga just because she released a new album...well that makes no sense in any business.
guys, gals, ladies and gentlemen. The valuation is purely greed. A raw human emotion not governed my logic or common sense. There's no financial model that will be able to justify Snapchat at $3bln. So stop using logic to justify and/or invalidate viability of the business.
People are greedy, especially VCs. they inflate the valuation since you have Facebook ($114bln market cap) and other big Asian investors willing to pony up.
you really believe NYC is taking in more low income residents? Exactly where are they moving into? Remember, they destroyed a couple blocks of section 8 housing to build the new Brooklyn Nets arena.
cannot agree more. in my opinion, regardless of the statistics drop in crime is primarily attributed to exuberant increase of the cost of living especially in the historically impoverished neighborhoods from the 1980s and on. (i.e. Bushwick, Williamsburg, Bedford-Stuyvesant etc...)
Just read and stop hating. https://www.thestreet.com/investing/nasdaq-all-in-on-blockch...