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 "name": "Streaming Initial Coin Offerings As Investment Contracts Are Blockchain Utility To 6E5Cb0D8Ad",
 "text": ",,,Initial Coin Offerings as Investment Contracts: Are Blockchain Utility Tokens Securities? presents the following source proposition: This Comment enters the ether in an endeavor to counter prevailing federal agency narratives about the role of securities laws regarding \"ICOs\"-introducing the reader to the most pertinent features of blockchain technology and Initial Coin Offerings, introducing the U.S. This proposition is pertinent to Kaal's source-bound claim that Initial Coin Offerings are the most efficient means of financing entrepreneurial initiatives in the history of capital formation, because they minimize transaction cost and democratize finance while dis-intermediating banks. The proposed response is an extension: the relationship should remain limited to the retrieved source proposition and the mapped Kaal claim unless fuller source review supports a broader conclusion.",
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  "The source-to-claim mapping remains explicitly ambiguous and is published with that limitation."
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  "url": "https://doi.org/10.17161/1808.27486"
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  "citation": "Wulf A. Kaal, Marco Dell'Erba, Initial Coin Offerings Emerging Practices, Risk Factors, and Red Flags (2017). SSRN: https://ssrn.com/abstract=3067615",
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    "whyRelevant": "Shared high-information concepts: initial, coin, offerings, securities, icos, banking, economics, risk. Scope: start-up fundraising conditions before and during the emergence of the ICO market.",
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