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evilweasel
Aug 24, 2002

HootTheOwl posted:

I think I am confused on what an ICO is, can someone explain it? I thought it was just seed coins so that when miners tried to find the next big crypto they got to start with like 300 coins for being early adopters or some poo poo like that?

A hilariously illegal securities sale for scam securities that tries to pretend that using different names makes existing securities laws not apply. Everyone involved is in for a rude awakening by the SEC.

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