IDO (Initial Decentralized Offering) - help with best location for incorporation / bank account

[rothko13]

We're a group of entrepreneurs looking to launch a blockchain product and raise capital through an IDO.

We are looking for advice on what are the best jurisdictions for incorporation and blockchain friendly banks that will allow us to settle the raised amount in FIAT as need arises for the project development, salaries, services payments and etc.

Any blockchain specialist around here that can help with the above?

 

[jakonda]

I don't want to steal this thread but what is IDO (is this different word‌ for ICO) and what are you guys doing? What's the min. investment? Thanks

 

[Risehigh]

We are launching a dex, have an eye on georgia.

 

[369]

BVI and a few other small islands.Window is closing this year as more and more‌ regulations are coming.
However when doing an IDO you will sell high probably coins without‍ KYC which means it opens future lawsuits from organisations like SEC

 

[Russky]

When you talk about the windows closing, are you talking about specifically? Taxwise? Anonymity?⁤

 

[369]

Regulation which makes it ilegal to run an coin offering without‍ previous governmental approvement
Running now an IDO is in most countries regulated and the biggest⁠ problem no control over KYC so you can get in trouble from organisations like SEC⁤

 

[Russky]

I think the achilles heel for all these "decentralized" projects is that they are not‌ true DAOs. They are using DAOs as a marketing scheme and as an operational backend,‍ but formally they are still using corporate structures to operate financially.
If these projects truly⁠ embraced the spirit of a DAO, as in fully Decentralized Autonomous Organizations without leadership, without⁤ VCs... these regulators wouldn't know where to begin to regulate something that is undefinable.

Satoshi knew this from the get go, he understood that the fatal weakness to the bitcoin⁣ experiment was himself. He avoided both ad-hominem attacks and all regulatory hurdles by hiding in⁢ the shadows forever.

 

[369]

That is not correct.There are true DAO's︁ where the SEC made it clear that people who make this DAO possible to run︂ (witnesses/nodes , committee/governance ,seeds etc) will be responsible for it.
Satoshi Nakomoto didn't know anything.Its︃ a name used which represents
Samsung
Toshiba
Nakamichi
Motorola

Its a crynonym used by them︄ to hide it's a bankers product.
Blockchain is a bankers product which have been already︅ discussed in end of 90's in high ranked conferences
and have been implemented in 2006︆

 

[Russky]

oh my fucking⁣ god, tin foil idiocy.
You have the right to have your opinion, but you can't⁢ make up facts out of your a*s.

 

[369]

I'm in crypto since 2008 and running my own project.Joining meetings world wide and reading⁠ governmental/agencies and bank reports on crypto.

What is your opinion based?

 

[Russky]

Lol, well I guess it depends on what you define as crypto.
If you⁠ are talking about cryptocurrencies, you have to BS a bit better, the bitcoin whitepaper was⁤ published in 2009.
Anything before that it was just a disparate bunch of theoretical ideas⁣ without any operational applicability in the real world.

The only serious project that I know⁢ of that precedes the blockchain is Maidsafe, and as such they have been developing in︀ parallel an independent solution to the Byzantine Generals problem that doesn't require blockchains to reach︁ consensus.

What is your "bitcoin-talk" username. Do you even have a proof of being in︂ any of the cryptopunk mailgroups?
Btw, if you truly were in those groups from the︃ beginning you'd have known that the those groups reeked of anarchocapitalist libertarianism.

This idea of︄ "satoshi" being a banker is just fucking laughable, it can only come from a newcomer︅ who is completely clueless of the actual history.
IF YOU REALLY WERE INVOLVED IN THE︆ EARLY DAYS YOU WOULD KNOW.
So you have actually exposed yourself as a poser who︇ clearly haven't lived through the early days.

 

[khinkali]

The Bitcoin paper was published on October 31 2008. The blockchain was created on January‌ 03, 2009. If there is a single pre-cursor then it was B Money in 1998.‍

For those who are interested in blockchain I highly recommend reading both of the papers⁠ above. They're not too technical and they give considerable insight into the philosophy behind cryptocurrency.⁤

It is practically impossible to prove a negative but if Satoshi's creation was a "bankers⁣ product" from "high ranked conferences" then they made a big mistake. While some people are⁢ Bitcoin maximalists, I would argue that the key benefit of Bitcoin (besides the establishment of︀ immutable pubic ledgers that could bring considerable benefits to humanity), is that people can start︁ to look past the hegemony of their nation's One True monopolistic single currency, debased at︂ the whim of some politician, and embrace a new world where currencies are fluid and︃ only real value is valued.

 

[369]

They made a big mistake︃ ?ha ha funny.They are closer to their final goal than majority are thinking.
Bitcoin was︄ created in 2006 with three main points.
1.Running a testnet
2.Advertising digital money
3.Watching for︅ improvements

First of all you guys clearly have no knowledge about history and what governments︆ did to ANY smallest alternative to their currency.It was jail time instanly.
If they wish︇ they could destroy bitcoin instantly.They would need to make a 51% attack or make fiat︈ gateways/exchanges ilegal and it would get no adoption.
However they instead accumulated bitcoins starting from︉ 2009 with bing banks like JPM which you can read on their reports that they︊ logged daily on average 50 times on crypto exchanges.
The fact that the FBI could︋ already in 2011 98% of bitcoins transactions says everything.They planned for the other 2% to︌ use 3rd parties which we can see today.
So bitcoin is for big banks nothing︍ other than a marketing gag where they can make xxxx% profit.
Secondly without the big︎ advertisement of crypto to the whole world the transformation and acceptance from fiat to virtual️ money would be way more difficult.
Improved blockchains have been invented where the one for‌ CBCD's are already choosen.
The first change will fail on purpose which will kill the‍ wealth of people.
The second change will be limited virtual money with a special feature⁠ based on CDR's which is a world currency.

Of course they will sell it to⁤ dumb people as a solution to make sure never again can money be made out⁣ of air and people will celebrate it as a success of the crypto community thinking⁢ it was their solution and from provided by bankers 🙂

Btw the big banks have so︀ much BTC in their wallets they could tank bitcoin anytime they wish.
I think you︁ never learned trading professionaly like Wyckoff etc.
First years there are accumulations for peanuts after︂ that there is a distribution.If you accumulate enough you can dictate the price to hype︃ it.
A good example with a way lower timeframe was the stock NKLA which distribiution︄ was done by a big bank who created a big hype on that stock which︅ quickly rose from $4 to $90 (distribution phase) and after the end of distribution the︆ price fall back to $15

🙂 You mean the first new︈ projects which were all a quick moneygrab and scam ?
Or do you mean i︉ was not dumb enough to belive bitcoin is a decentralized monetary system which is controlled︊ by its community.
Like i said you clearly have never read any reports from banks/fbi︋ etc which already in the early days published their goals about bitcoin.
You clearly have︌ also no understanding of history of past alternative monetary systems else you would know bitcoin︍ would NEVER come so far without the approvement of governments and banks.....

But hey keep︎ thinking like the majority that bitcoin was invented to fight the central banks and that️ it was just a coincidence that it also leads to the bankers wet dream of‌ a centralized virtual CBCD.
Lets see how quickly you will realise that losing fiat is‍ the worst that could happen