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RE: Explainer: Value Flows on Steem with SMTs [VIDEO]
Steemit really cannot regulate. But they should allow the various companies who use the SMT technology to have the flexibility to follow regulations in doing their launch. This way if the SEC or others react then at least some of the ICOs can be properly launched and we can reduce our risk as investors by not interacting with the ICOs which are improperly launched.
Some ideas are good, but regulatory risk has to be managed and not by Steemit but at least provide the tools so companies and investors can manage these risks.
But I believe the mechanism that currently exist would help its own regulation, tools like "flag" can become instrumental in this process, its a matter of getting the codes right, probably before flag, thorough comment and must be community base rather than individual, that way we can mitigate any potential fallout. The SEC usual act base on information it receives, I believe the current administration are more concern about lifting regulatory burden rather than imposing, once the necessary legal jurisdiction has been established which can be achieved by partnering with crypto in that space it would really help pushing this SMT-ICO a long way...I believe the mention in the post companies like Aragon in a previous comment to you, did you get the chance to read up on the project
I don't really understand what Aragon is. Is it even a company? What exactly is it?
Aragon is a cryptocurrency that seeks to enact legal jurisdiction for cryptocurrency to operate in...basically they are trying to help put the necessary legal framework necessary for cryptocurrency, that why i suggested it...its token is doing quite well, its one of project that's tackling a very important issue