I have never heard of ergo but if they had an ICO they probably did start an illegal security. Cardano has all the elements of a security. So it is just a matter of time, SEC is taking it slow. I believe the SEC is trying to set a series of legal precidents to be able to take down the ‘root of all the evil’ - Ethereum. Copycats will easily fall later on.
I suppose, if it comes to that, nothing is stopping devs like me from hard-forking Cardano’s open source code and launching that fork with a 100% public initial token allocation. I’ve honestly already been considering that option for a while now.
Hopefully you’re wrong and it never comes to that… but I’d be ready if it did, for sure.
I have never heard of ergo but if they had an ICO they probably did start an illegal security. Cardano has all the elements of a security. So it is just a matter of time, SEC is taking it slow. I believe the SEC is trying to set a series of legal precidents to be able to take down the ‘root of all the evil’ - Ethereum. Copycats will easily fall later on.
I suppose, if it comes to that, nothing is stopping devs like me from hard-forking Cardano’s open source code and launching that fork with a 100% public initial token allocation. I’ve honestly already been considering that option for a while now.
Hopefully you’re wrong and it never comes to that… but I’d be ready if it did, for sure.