> I was saying the same thing when Uber launched- "An Uber is just a Taxi and if... | Hacker News

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notyourday on Oct 17, 2017 | parent | context | favorite | on: ICOs at the End of 2017: What We Think We Know and...

> I was saying the same thing when Uber launched- "An Uber is just a Taxi and if they don't follow taxi regulations they will be shut down quickly."

The difference is that Uber was not created to fleece the masses via investment pump and dump scheme.

As of now, ICOs are purely pump and dump. They are modern day unregistered securities, promoted via modern day version of faxes

iblaine on Oct 17, 2017 [–]

Tell that to the taxi drivers who are now selling their once coveted medallions at a loss.

notyourday on Oct 17, 2017 | [–]

Thank you for proving my point:

taxi drivers are selling their medallions that they used to offer service. They are selling these medallions at a loss because a competitor is eating their lunch.

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