Headline June 29, 2017/ ''' *REACH* -RICH- RICHES '''


ZILLI, -THANK YOU!-   A++ for you, all the way. girl!  But pray, tell me, what kind of a  *research list*   is this, that you have just handed over? 

'Really? O'' Dear, Dear, Me!!'    
And just no Letup in the developed world : *In digital coins, bypassing every rule to get rich?* And what exactly is the World Students Society's position on this?

SO, ZILLI,  Where is !WOW!  on  Digital Currency research?  Laws, Security Exchange issues?   I gave you all a very early start!  Why are we lagging then? And how the hell, do we catch up? 

Merium?  Rabo?  Shahzaib?  Dee?  Jordan? Salar?  Bilal?  Hussain? Haleema?  Wajahat?  Saima?  Sarah?  Vishnu/India?  Eman? Zaeem? Shams/Russia? Ron/Canada?  Dusi/Malaysia? Haider? 

1. JUST LAST WEEK  - a team in Switzerland raised around $100 million for a coin that will be used on an online chat program that has not yet been released, known as *Status*

2. LAST MONTH, a small team of  computer engineers in Lithuania raised..... $14 million in 45 minutes  by selling a coin, known as Mysterium, that is intended to give access to an  encrypted online data service that is still being built.

3. THE VERY NEXT DAY, a group of coders in the  Bay Area pulled in ,,,,,,,,, $35 million   in under 30 seconds   of online fund-raising.

The coders were offering  Basic Attention Tokens , which will one day work on new kind of  ad-free  web browser.

A new crop of technology entrepreneurs is forging the usual routes to raising money.     The entrepreneurs are not pitching venture capitalists, selling stock in an  initial public offering  or using crowd-funding sites like Kickstarter.

Instead, before they even have a working product, they are creating their own digital currencies and selling so called coins on the web, sometimes raising millions of dollars in a matter of minutes, writes researcher Nathaniel Popper. 

The pitch is that once the products are up and running, the currencies   -with names like  BAT,  Mysterium and Siacoin  -  will be redeemable for services like  data storage or   anonymous Internet access,  and could appreciate in value in the meantime.

Known as initial coin offerings, this latest twist in online fund-raising has made it easier than ever for entrepreneurs to raise large sums of money without dealing with the hassles of regulators, investor protections or accountants.

Since the beginning of the year,  65 projects have raised $522 million in these offerings, according to Smith & Crown, a research firm focused on the new industry.

It is frothy, sprawling and completely unregulated way of  funding start-ups, leaving even veteran technology watchers scratching their heads.

''It's kind of a like when you are a little kid and you know you are getting away with something,'' said Chris Burniske, an industry analyst at ARK Invest. 

''It's not going to last forever but it's fun in the interim. The space is giddy right now.''  

Proponents of  initial coin offerings hail them as a financial innovation that empowers developers and gives early investors a chance to share in the profits of a successful new enterprise.

But where some see a new method of crowd-funding  online projects, critics say the phenomenon is ripe for abuse and, in many cases, a violation of American securities law.

''It's exploitative and abusive of the investing public,'' Preston Byrne, a technology lawyer specializing in virtual currencies, said about the offerings.

4. Last year, the first  blockbuster  coin offering, the  Decentralized Autonomous Organization, quickly raised more than $150 million. But the project blew up after a  hacker  manipulated the code and stole more than $50 million worth of  digital currency.

A number of other projects since then have been labelled as scams.

Even among supporters, many say there has been too much pouring into unproven projects in recent months.

Fred Wilson, a  founder of the  venture capital firm  Union Square Ventures, said that he was    ''long term very bullish''  on these new digital  currencies. But he said, '' We are many reasons to be cautious right now.''

''There is a  gold rush  mentality  in the sector right now and many people are doing the  Wrong things for the  wrong reasons,'' he said.

Underpinning that surge in  initial coin offering  is a broader boom in digital money.

Bitcoin and  Ether, two of the most popular  virtual currencies, have soared in value  in recent months. And when entrepreneur  sell new coins, they are asking for payment in Bitcoin or Ether, not, not  United States Dollars.
This means that   conventional banks and financial institutions are essentially shut out, allowing  initial coin offerings  to take place beyond the control of regulators.

The Honor and Serving of this  latest   ''Operational Research''  on Technology and  Market Development   continues. Thank Ya all for reading and sharing forward and see you on the following one:

With respectful dedication to the  Leaders, Students, Professors and Teachers of the world. See Ya all on !WOW!  -the World Students Society and Twitter-!E-WOW!  -the Ecosystem 2011:

''' All Lessons '''

Good Night and God Bless

SAM Daily Times - the Voice of the Voiceless


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