What Was TON And Why It Is Over
His analogy is pretty poor IMO.  A more realistic analogy is: imagine if a group of people got together and bought a plot of land to mine gold.  Then imagine these people told all of their friends that they had a gold mine and were willing to split the output of the gold mine with all of their friends for just $10k/piece.<p>Now imagine the government said: hey, you don't even know if there's gold on that land, but you're promising your investors that there is.  And not only are they telling us we can't sell part of our non-existent gold to our friends, we can't sell it to people ANYWHERE.<p>Sound completely unfair?  Government overstep?  We aren't allowed to sell people something that doesn't exist?