/biz/ - Business & Finance

if your coin has a known founding team, you're the dumb money

>>14002289
What makes KIN a security?

>>14002347
they have people who can be sued

Financial terrorists

So basically any ICO that ever sold any coins to muricans is fucked?

>>14002347
Its a ICO! How new are you? Do you understand the difference between the CFTC & the SEC?

ICO coins get created out of thin air similar to a IPO (security), crypto is mined (commodity)!

ICO coins meet the 'Howey test' have a look at the 4 points in the test.

Good thing my valuable nanners were given out via captcha faucet, no ICO bullshit.

>>14002413
Yep! Or anything that the US has an 'interest' in, Ex. Use USD in a contract the US is now a third party to that contract as you are using their money! The US is the De facto ruler of the world basically.

>>14002413
or use .com/.net as these are US domains

Will they sue dragonchain too?
I need my money back, guys

>>14002603
Any ICO coin is at risk! Stop buying scams!

>>14002529
Okay, so whats the difference between the Ethereum ICO and the KIN ICO? Why is KIN a security and Ethereum isn't?

Linktards will get security'd soon !
Ahahahahahahah !!!!!!

>>14002662
one is made by a jew and one is made by a goy

dumb fuck

>>14002662
I didn't buy ETH @ ICO for this reason! Lots of us where thinkin this is the way they break up crypto! It was!
Have to say it worked, so many newfags will argue that ICO are crypto!
BUT ETH changed to PoW so its not a security RN, till they change to PoS & it will become a security again!

ETH truly is a shitcoin!

buying more

>>14002347
I remember faggot KIN holders would jump into BAT threads talking up KIN at every chance they had. Glad to see these faggots get absolutely JUST'd

Sorry to be that guy but, well.. so what. This shitcoin is already close to 0? What's it going to do.. go into negative sat territory?

>>14002839
But BAT is also a security!

>>14002662
Howey test.

This could be the start of the ICO slaughter

>>14002889
Brendan is not some stupid fucking idiot pajeet/chink. This motherfucker is looking 20 moves ahead.

https://www.reddit.com/r/BATProject/comments/80xpzy/had_to_sell_my_tokens/dv1wsey/

https://www.reddit.com/r/BATProject/comments/7djjqb/quick_poll_bittrex_bots/dq0ebzl/

https://www.reddit.com/r/BATProject/comments/6pm2ah/sec_regulation_might_kick_in_any_plans_for_this/dkrcnz5/

>>14002892
Have to say the Howey test throws a lot of newfags off, If you read the 4 points PoW coins COULD come under it, the difference is its not one entity creating PoW coins, aka its a commodity as agreed in '15 by the CFTC.

>>14002990
I fuckin hope so! I have had ICO coins in the past (I don't hate money) but this is not the only Securities case pending, once a proper precedence is set these cases will roll in quick time!
The SEC wants more funding, winning prosecutions is a great way to get it! Start with the low hanging fruit, then work up to XRP & ETH if they go PoS (these guys have more funding that the SEC).

These unregistered securities (ICOs) wont be held/used by businesses so won't get adoption!

>>14003051
>He drank the kool-aid
only clicked on the bottom link BTW, BUT he admitted its in a 'grey area'.
>MUH UTILITY TOKENS
Sorry Bubby, BUT as it stands RN (we can't predict the future) IF its PoW its regulated by the CFTC & as such the SEC regulates the ICO/airdropped/all other coins!
Lets break this complicated subject AS IT STANDS RN down to:
PoW = Crypto
Everything else = Security

Also read the Howey test part on the top of this post

>>14003233
>these guys have more funding that the SEC
*Probably

>>14003233
>We designed BAT as a utility token, with Perkins-Coie counsel. We're not reading yesterday's SEC bulletin & report as applying to the BAT.

They had legal counsel helping them along the way instead of KIN using, what i can only assume to be, a coffee stained PDF printout on recycled paper as their "counsel".

>>14002670

You bet your sweet ass it's coming soon too.

SEC IS COMING FOR YOU SERGEY

>>14003303
>legal counsel
You do realise that attorneys/solicitors get paid to keep controversy rolling right? Without controversy they literally wouldn't have a job!

See this is Juris- LAW Diction- WORDS, law of words, All words are colourable, they get twisted trough legalise.

Go ahead believe him, he has everything to gain off ppl buyin. OR you can look at the reality of RN!

Let me explain it this way, unrelated BUT completely related!

So torture is unlawful right?
Isn't water boarding torture? NO!
(((They))) legalised a FUCKIN word combo up! Water boarding is 'Enhanced Interrogation'.
Totally NOT torture Oh NO NO NO! Its a dangerous game playing with legalise!
One day, out of nowhere, the SEC COULD announce BAT as a unregistered security & there's FUCK ALL you can do about it, Much like the sorry cunts that are locked up in GitMo.
t. Yea, I know, I know some deserve GitMO

>>14003520
The only coins worth Hodling are the PoW ones/Stable coins, the market follows BTC ffs...If you want to trade, sure trade shitcions, but don't hodl! I hope you see you are just hodling a risk.

Best of Luck Anon!

That’s why you should NEVER sell your ICO PUBLICLY

FUCKEN SEC HAS THEIR BLOODHOUNDS!!

>>14002662
Ethereum IS A SECURITY...

>>14002719
ETH is still a security... it didn't magically lose that status just by engaging POW.

>>14002892
ETH is a security - had an ICO and the Howey test applied to ETH at that time. that's all that matters

>>14003747
I have struggled with this also, in its current form its not a security via PoW, I know that if it changes to PoS it will be...
>>14003762
Totally understand it stated as one & therefore could be still considered one! You won't get me arguing with you! The SEC has MUCH lower hanging fruit RN, so its probably safe(ISH)

>>14002322

This lol

Keep buy bsv biz

It will surely end well for you guys

Surely

>>14003762
https://cointelegraph.com/news/us-sec-chairman-jay-clayton-confirms-eth-is-not-a-security

This is what the SEC is sayin RN...

Holy fuck. I remember hearing this dude on the pomp podcast and how they were suing the SEC for 5million and thought that was pretty based. But this? Fucking yikes

>>14003912
BASED SEC fighting back at the scammers! Now he wants 5mill to defend himself! Reading quickly he was negotiating with the SEC...then he threatens to sue the SEC, get sued for 20x HA HA HA HA HA

>>14002322
>if your coin has a known founding team, you're the dumb money

tell that to PRL bagholders.

>>14002289
what i like most about this is they call something ""security"" that is the least secure thing on earth. promises.

>>14002322
Thats why BTC is the best coin out there. Its founder is long time dead.

>>14003520
>>14003233

I agree with everything you say, but the way you structure your sentences and the way you make your points seems neurodivergent. Are you by any chance schizophrenic?

>>14004349
>Are you by any chance schizophrenic?
Nope, now thats out of the way
>the way you structure your sentences
I know, I have shit grammar/spelling ect! I have never really taken the time that I should've to construct sentences/learn properly. I love to read/learn, Its a big portion of my life, but besides posting here, I don't write, really ever. As I said words are colourable, you can't ever fully describe a thing with words...
Thanks for sloggin though my posts! Got any advice?

>>14003865
Sooo according to this, if KIN because utilized enough the SEC can drop the lawsuit against them r-right?

>>14004753
becomes* fucking autocorrect

>>14004753
No dude,
From the article
> Jay Clayton confirmed that Ethereum (ETH) and cryptocurrencies like it aren’t securities under U.S. law
>cryptocurrencies like it aren’t securities

KIN is not cryptocurrency, see below for the defintion of cryptocurrency, with emphasis.
>a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
>in which encryption techniques are used to regulate the generation of units of currency
KIN's an ICO it was created all at once, a 'pre-mine' if you will.

IF its PoW its regulated by the CFTC & as such the SEC regulates the ICO/airdropped/all other coins!
Lets break this complicated subject AS IT STANDS RN down to:
PoW = Crypto
Everything else = Security

>>14004910
Ahhhh ok.... Thank you for the explanation based anon

>>14004349
Hey Anon, Odd question for ya. Don't know if your still about, but could you green text the sentences/things that made you say that? If you could comment that would be great!
Thanks in advance as I am about to go bed

>>14002289
Kik: "BRUHHHHHHHHHHHHHH..."

securities FUD, bull sign?

>>14004910
No way this stands the test of time. Crypto is switching to much more efficient, scalable and secure aBFT PoS systems. Technology will advance and regulators will have to adapt

>kin exposed as a scam and only dumps 25%
welcome to the world of crypto

>>14005552
dead cat bounce.

>>14005457
>>14004910
>Lets break this complicated subject AS IT STANDS RN down
>AS IT STANDS RN

Have a read of the rest of my posts please. Sorry its bed time soon, but ask a question that is not speculation on the future if you want.
Also stop trusting the gov. so much, they only want slaves to pay the national debt (Check out 'The Grace Commission').

Not sayin your wrong, just who knows about the future.