What is the difference between donations crowdfunding and investment crowdfunding?
Doubtful. In fact, some lawyers can't do that very well. And there is always the grey area affected by the contextual "facts and circumstances."
However, I see that ChatGPT was able to describe the Howey test in a factual way.
https://www.crowdfundingecosystem.com/ask/what-is-the-howey-test
Donations-based crowdfunding and investment crowdfunding are two different types of crowdfunding. In donations-based crowdfunding, individuals make contributions to a project or cause without expecting anything in return, other than the satisfaction of knowing they have helped support something they care about. In investment crowdfunding, individuals invest money in a project or venture with the expectation of receiving a financial return on their investment. *Written by OpenAI's ChatGPT*
But can ChatGPT summarize the Howey Test and apply it against a project to see if it would apply?
Doubtful. In fact, some lawyers can't do that very well. And there is always the grey area affected by the contextual "facts and circumstances."
However, I see that ChatGPT was able to describe the Howey test in a factual way.
https://www.crowdfundingecosystem.com/ask/what-is-the-howey-test
I sincerely hope not. After all, boys, like any computer program, are made my humans with flaws and biases, so there is always room for error.
although, a similar argument could be made for taking a vast majority of political decision making out of the hands of far more flawed and biased politicians (corrupted by “supporter” campaign and PAC contributions). My 10-point fix for corrupt government covers this notion and many more of it interest you: corruptgovernment.substack.com
let’s call this a trial run, eh?