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Tokenomics by Thomas Power, Sean Au

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Chapter 6. Playing by the Rules

"Government's view of the economy could be summed up in a few short phrases: if it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it." (https://www.reaganlibrary.gov/sites/default/files/archives/speeches/1986/081586e.htm)

President Ronald Regan, 1986

One of the biggest challenges of playing in the ICO space is trying to understand the rules to play by. Regardless of what anyone says, we all live in a world bound by rules. We always have and always will, yet technology knows no bounds and unabatedly continuous to leap ahead, regardless of global boundaries or jurisdictions.

In the early days of ICOs, everything was experimental, but when more money poured in, and when hacks, bugs, ...

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