Everything you wanted to know about initial coin offering but were afraid to ask

> There’s also little legal protection for crowdsale supporters, if any. Last June, one of the largest crowdfunding projects in blockchain history called the DAO (Distributed Autonomous Organization) was hacked. The perpetrator managed to extract about US$50 million in ether, according to currency exchanges at the time, before core developers of Ethereum stepped in. In the aftermath of the DAO, there was no legal recourse, only a technical reset of Ethereum’s code.

Depending on their opinion on the subject of "the code the law", some would consider those responsible for the resetting of ETH (to undo the DAO losses) as the perpetrators.

Not everything I wanted to know about ICOs.

Every article I've read is from the speculator perspective, perhaps for potential speculators. I am more interested in knowing about ICOs from the organizational perspective:

After completion of the ICO, how are the crypto-currencies converted to cash in the bank, so you can put the capital to work.

Is there percentage loss of capital when converting to cash, and is this accounted for in the ICO model.

Does converting 10 to 50 million in crypto-currency to cash cause fluctuations in the market value of the crypto-currency.

The project may require resources that only can be purchased with fiat currency. And I assume people working on the project have bills to pay.

Has anyone documented how an organization deals with the crypto-currency that as been raised via a token sale? I suspect that each organization has their own method of converting crypto-currency to working capital.

> a web browser called Brave pulled in US$51 million in less than 30 seconds

I highly suspect money of that volume was raised by a few of the early adopters that are sitting on hundreds of millions of dollars of crypto currency. No way was that crowd funding at work.

Interesting to see a market based alternative, one step above crowdfunding for trinkets and yet not quite crowdfunding equity as defined by the SEC. Blockchains definitely reduce the cost to "purchase" these tokens from a company.

Still a duck is a duck is a duck right? I can't see why the SEC would not step in and regulate these blockchain tokens. This is probably the reason to have a primary utility argument for the tokens.

You can also see how the blockchain is going to eat the world.

This returns 403 Forbidden for me.