“If 2013 was the year that Federal agencies locked horns with bitcoin, the currency, 2014 is the year that they’re learning about bitcoin the fundraising mechanism. The current, technically interesting, bitcoin fundraising bubble, began when Mastercoin built a way of extending bitcoin’s blockchain so it can do a whole range of new things such as issuing brand new currencies and registering bets or contracts. Mastercoin, Ethereum and MaidSafe are essentially software startups that are pre-funded by selling their new digital currencies in advance. The question is whether federal regulators will see this as an equity offering or instead something like the pre-sale of a video game.”
http://www.wired.com/2014/11/crypto-ipos/
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