Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

I think it's because ICOs give you a tradeable token; kickstarter contributions cannot be traded for profit.


Contributors can as well sell their future orders as backorders on ebay or amazon or directly. Many successful kickstarters had their products sold at much higher prices after they are received (mainly the early bird ones).


If the marketer of a Kickstarter promoted their product as an investment-grade asset, they could indeed have legal problems. People forget that a big chunk of what the SEC is concerned about is marketing and promotion.


In that case, the original buyer is the one who is receiving the goods and then sending to their counterparty.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: