Ethereum Q&A: Ether, ICOs, and securities


Is ether considered an initial coin offering and/or security token, considering its initial pre-sale and the popular use cases of the ether token on the platform? Does one necessarily imply the other? How strong is the case that it is a utility token? How do you evaluate these projects? What is the short-term versus long-term trend for tokenisation for investment, loyalty points, and product / service accessibility? Note: I am not a lawyer, and there are different perspectives on this subject (including those in the Ethereum community who would describe the ether pre-sale - before it had "usability" - as an ICO: This was recorded months prior to the SEC's announcement regarding its interpretation of token sales and security tokens on June 14th. These questions were part of the monthly live Patreon Q&A session on March 31st 2018 and the Capgemini CXO Forum at Pebble Beach on November 1-3rd 2017 in Monterey, California ( If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: RELATED: Ethereum, ICOs, and Rocket Science - Investing in Education Instead of Speculation - The Lion and the Shark: Divergent Evolution in Cryptocurrency - Smart contract platforms - Impact of smart contracts on law and accounting - Initial coin offerings (ICOs) - The token ICO explosion - ICOs and responsible investment - ICOs and financial regulation - ICOs, disruption, and self-regulation - ICOs and pyramid schemes - Scams, gambling, and regulation - Regulation and the bank boycott - Unstoppable code - Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin. Follow on Twitter: @aantonop Website: He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters. THE INTERNET OF MONEY, v1: [NEW] THE INTERNET OF MONEY, v2: MASTERING BITCOIN: [NEW] MASTERING BITCOIN, 2nd Edition: Translations of MASTERING BITCOIN: Subscribe to the channel to learn more about Bitcoin & open blockchains! Music: "Unbounded" by Orfan ( Outro Graphics: Phneep ( Outro Art: Rock Barcellos (