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The article is a bit vague on how this works. Does anyone know of a good summary?

Details are in the "Media Kit" [1]. Not a "paper" but a "Media kit". Note that "media kits" probably have positive correlation with P&D and "papers" probably do not. Not causation, I suppose, but just an interesting tidbit for consideration.

[1] https://www.scribd.com/document/362437500/Metronome-Media-Ki...

At least it's honest.

Most ICO "whitepapers" are just PR kits.

1. Promote.

2. Convert 20% into assets at the peak.

3. Hide in Uruguay.

You don't even need to hide anywhere. Since there is no regulations on pre-mines themselves, only ICOs, you could do a pre-mine in the US and be 100% fine as long as you paid the capital gains tax.

IANAL, so take this with a grain of salt.

Meanwhile, I'm holding out for the day ETH crashes, ICOs end, and pumpers go back to using Litecoin forks. I'm just sitting here with a GTX 1060 ready to mine some scamcoins for lulz.

You get good XMR hash rate with that: https://www.youtube.com/watch?v=nErHc5OvjkI

Hide somewhere warmer, cheaper, safer, and saner. Source: born and raised in Uruguay.

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