/biz/ - Business & Finance

what about dogecoin?

>>53741200
Dogecoin, LTC, any POW coin cannot be a security.

>>53741195
Doge holder here, does this affect doge?
t. brainlet

>>53741226
Eth was POW and definitely a security

Is there an organization that finances itself through the minting and sale of a token or coin? Then that token or coin is a security. Simple as.

If Satoshi was still alive he’d kill himself when he saw what Bitcoiners had become.

>>53741298
Satoshi is still alive and isnt one man but a entire team working in CIA

>>53741298
Starting to feel the heat, shitcoiner?

>>53741403
Bitcoin was meant to be a middle finger to the likes, not their lapdog yapping at every intruder that walked past the window.
You realise that when they said “we’ll tame Bitcoin “ this is what they meant, right?

>>53741298
He is alive he just started wearing a blue flannel and is creating the next step in crypto. Bitcoin was always just the beta test

>>53741432
Shitcoins will never free you from monetary tyranny, numbnuts.

>>53741452
I used to believe, it's bagholder cope now.

>>53741384
It was the NSA.

>>53741257
SEC says otherwise

A Gensler, named Gary
he won't ever clary-
fy his held position
doesn't help to listen
cause hes arbitrary
his position vary
depends on his profit
he makes sure you've lost it
his attitude malding
so much he is balding
your profits he's noblin
because he's a goblin

>>53741195
How is bitcoin different from other NFTs?

>>53741257
Sorry, no, none of the MINED PoW coins could qualify as a security. Pre-mine, maybe. Mined, zero chance.

>>53741472
>SEC, save me from monetary tyranny! Please Mr Gensler, please!

>>53741670
The SEC is not there to "save your from monetary tyranny" retard.

Your mom's asshole is an unregistered security

>>53741195
I HATE YOU I HATE YOU I HATE YOU I HATE YOU I HATE YOUI HATE YOU I HATE YOU I HATE YOU I HATE YOU I HATE YOU I HATE YOU I HATE YOU

>>53741257
Most of ETH supply is premined security

>>53741788
Pre-mine is now below 50% of ETH supply. Update your pic fagoli

just a reminder Ripple has been 3 years on trial, thats what every coin will have to wait at least when daddy Gary knocks the door of your favourite crypto.

>>53741954
>thats what every coin will have to wait at least
At a certain point, they'll have dealt with enough crypto through the courts to establish precident. That's how the SEC governs. Once they have enough precedent they can outlaw all crypto and get through the appeals quickly. It was fun while it lasted, but Glensler took one look at how Sergey took so many people's COVID checks and spent it all on Big Macs and he couldn't stand it anymore

>>53742351
kek

>>53742351
Lmao, no, its the exact opposite. The SEC knows they'll get their ass kicked in court. The SEC wants anything but to get BTFO in court. That's why the SEC settles with everyone. And when ripple refuses to settle the SEC has dragged their feet for years trying to avoid getting BTFO in court because the SEC knows they'll lose. The SEC's strategy is to make it clear they will drag out the court battle so long you will go bankrupt unless you just settle.

>>53741195
>every cryptocurrency is an unregistered security except bitcoin
crypto isn't supposed to be regulated you kike nigger

Everything is a security I don't listen to Jews

>>53741195
Laughs in nakamoto standard

code is law

>>53741913
60M presale + 6M to EF + 6M to team = 72M premine. 72M / 120.5M = 59.8%

>>53741195
I wanna bonk his forehead with a hammer. : )


https://www.youtube.com/watch?v=0wCLKLpjfFI

>>53741195
True, but the Chia shills are going to show up soon and falsely claim their premined shitcoin scam is somehow not a security.

>>53741716
No it’s to save Bitcoin maxis from all the scary competition, apparently. Save me daddy government! All the other projects are securities!

>>53743877
There is no competition to Bitcoin. Shitcoin makers need to register their securities, it's not that difficult.

>>53743986
But being a Bitcoin maxi you’re anti-government, right? Fuck the SEC, right? Because it kinda sounds like you’re sucking the government’s cock.

>>53744011
Bitcoin isn't a security.

>>53743986
Tick tock

>>53741195
>cute story Gary
>too bad I don't care

>>53744025
Nice way to avoid the question retard. Bitcoiners should in principle be against any government regulation because the government is a corrupt shitshow. Remember the “second bailout for banks” article that kicked off Bitcoin?
Instead they’re seething that other projects are doing well and spend their time begging big daddy government to save them from the competition. Pathetic.

>>53741452
a fat scheming rich boy retarded russian that can barely manage a diet isn't the creator of bitcoin, sorry pajeet.

>>53744084
Sorry, I'm not an autist lolbertarian. My car is registered, is yours? I would be nice if we didn't have to worry about car registration every x years, but that's the reality. If you make a security, get off your ass and register it. It takes half an hour.

>>53744084
just because government is bad doesn't mean everything it does is bad. sometimes it helps protect people from fraud and justly punishes bad actors. Even in a volunarist society with no government there would still be rules against fraud and consequences for fraudsters

>>53744144
Its kinda like that, except if the department of motor vehicles has no locations, no phone numbers, and the only way to contact them was to have an insider at an investment bank, $5 million dollars, and oh yeah they don't actually want you to ever be able to drive so they will never approve you.

>>53744192
Nope, you simply submit a Form S-1.

Chia's safe from being considered a security, no coins were ever sold

>>53744203
LMAO, yeah just file an S-1 bro, see how many years until they get back to you. And now you're paying a CPA firm hundreds of thousands of dollars a year to audit you by looking at etherscan. Oh wait, no licenses CPAs know wtf crypto is or how to audit it. That will cost $10 million.

>>53744203
>>53744270
also you realize in order to register a security you have to distribute documents to every buyer, verify they are accredited, etc. right? That means every person who buys on uniswap or a dex or something, you have to figure out how to send them documents and prove they are millionaires. So you'd have to add a fucking whitelist on KYCed addresses to your token contract or something if you ever wanted to do that. Its completely incomparable with permissionless finance.

>>53744263
Yup. One of the only coins that actually bent over backwards to be the most compliant. Price has gotten absolutely fucking raped tho. Not a sexy buy at all.

>>53742418
>The SEC's strategy is to make it clear they will drag out the court battle so long you will go bankrupt unless you just settle.
It's absolutely disgusting. Only the rich can fight the sec legally, and most of the rich are hand in hand with the government.

>>53741195
Apart from Dotsama, allegedly due to it being software.
Believe it when I see it.

>>53744263
>>53744722
Took you Pajeets awhile to arrive, I knew you would as seen here. >>53743183
There is literally nothing that suggests Chia is somehow free from this classification, it has an obvious greedy premine and no amount of cope about not moving any of it will matter to based Gensler.

>>53743183
>>53745522

>>53741195
>he thinks bitcoin is safe
rut roh raggy

>>53745676
safe from the SEC since it's definitely not a security

>>53745662
This one random premined shitcoin isn't a security because.... IT JUST ISN'T OK? You Chia shills are the most annoying on /biz/, literally worse than chainlink and ICP fags combined.

>>53741195
bitcoiners
>FUCK THE GOVERNMENT, FUCK CENSORSHIP, FUCK THE FED, LIVE FREE OR DIE BITCHES

also bitcoiners
>daddy government pls ban the competition, they are all unregistrated socrates, just ban them pls ok, ty

>>53741599
ETH was a pre-mine

certainly security guards needs registering before working, no?

>>53745723
Please explain how Chia’s pre-farm satisfies all four criteria (or even the first criterion) of the Howey test.

>>53741195
based Gensler bitcoin maxxi putting the smackdown on all the shitcoin scams...hahahahahahahahaha

>>53741298
no more depressed that BSV hasn’t mooned yet because of literal kikes who control crypto now

>>53745704
Kek

>>53741195
How does not knowing Satoshis identity make it not a security?

>>53741599
You are dependent on the work of all the other people in the system. That is a security. You all have a common enterprise to create the coins.

So maybe you can check the cosmos ecosystem... All the projects build in cosmos is all with airdrops and not presales.... ;)

When did maxipads become such good goys who love the taste of circumcised regulator cock?

>>53741195
DOGE
KDA
LINK (staking is working not staking, thanks alert button)
USD[C, T, ...] no expectation of a return
oh and maybe XRP according to some court