Hacker News Reader

There will be enough marketplaces in the world that will provide a solid legal structure for ICOs. The US certainly wont be a part if them. Switzerland, Singapore and Japan already moved ahead with the legal structure.

The world is global, money is global.

View on HN

Not as much as you'd think. The US stock market is 39% of all publicly traded stocks. The US market is bigger than the next 8 countries put together. [1] This is in part due to the US's stringent regulations on stock market listings and accounting for publicly held firms. The more transparent and effective the market, the safer it is for investors to put their money in.

[1] https://www.indexmundi.com/facts/indicators/CM.MKT.LCAP.CD/r...

You assume there would be no capital flight if there would be a superior finance place in the world?

I think what he disagrees with you about is what constitutes a "superior finance place."

Yeah. My point is that a lot of capital comes to the US (and definitely stays in the US) because of our tight regulatory regime. It's the same way that having a vigorous health department boosts the business of all restaurants: the safer people feel, they more willing they are to throw money around.

But they are not the leader in cryto currency

Reply on news.ycombinator.com