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/biz/ - Business & Finance

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7819468

Anonymous Tue Feb 20 10:08:57 2018 No.7819468 [Reply] [Original]

https://www.ccn.com/wyoming-house-unanimously-passes-bill-exempting-utility-tokens-securities-laws/

>To qualify as a utility token — or “open blockchain token,” as classified in the text of the bill — a token must meet three conditions. First, the token’s developer or issuer must not market it as an investment.

>Moreover, the token must be exchangeable for goods and services, which presumably means that — as is the case under Switzerland’s recently-announced landmark ICO framework — startups must have a working product or service at the time the tokens are issued.

>Finally, the token developer or issuer must not actively make efforts to create a secondary market for the token by entering into a repurchase agreement or agreeing to locate buyers for the token.

guess which token fulfilled all 3 requirements from the start

>>	Anonymous Tue Feb 20 10:15:01 2018 No.7819586 >>7819468 Who is Wyoming and why do I care what they think.

>>	Anonymous Tue Feb 20 10:17:44 2018 No.7819635 >>7819468 Why is this a good thing? Seems boring. Also I’m not American.

>>	Anonymous Tue Feb 20 10:22:29 2018 No.7819736 File: 18 KB, 207x218, 9AC27AC044E1432AB9D2F242EE8D73E7.jpg [View same] [iqdb] [saucenao] [google]

>>	Anonymous Tue Feb 20 10:23:59 2018 No.7819772 > startups must have a working product or service at the time the tokens are issued are you daft?

>>	Anonymous Tue Feb 20 10:27:45 2018 No.7819848 File: 135 KB, 820x547, buyit4f182209a13cf8a7e2a2975e6870b322.jpg [View same] [iqdb] [saucenao] [google]

>>	Anonymous Tue Feb 20 10:34:18 2018 No.7819981 >>7819635 if american Law is behind something then normies feel safer to put money into something

>>	Anonymous Tue Feb 20 10:35:11 2018 No.7819999 >>7819772 smartcontract.com is operational for years now

>>	Anonymous Tue Feb 20 10:35:21 2018 No.7820004 >>7819772 smartcontracts didnt have their network done till sunday, it took a while but at least they have one now.

>>	Anonymous Tue Feb 20 10:35:53 2018 No.7820020 smartcontract did have a working product at the time of LINK release. This product was not directly related to LINK network though. They just had centralised oracles.

>>

Anonymous Tue Feb 20 10:36:03 2018 No.7820022
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>>7819468
>>7820004
LINK is the EOS killer.

Chainlink has:

1. No transaction fees
2. Can scale to millions tx/s
3. Is Ethereum’s #1 competitor
4. Was created by Dan Larimer
5. Partnered with Google co-founder Eric Schmidt

How can EOS compete?

>>	Anonymous Tue Feb 20 10:38:17 2018 No.7820062 >>7819999 whoa

>>	Anonymous Tue Feb 20 10:46:22 2018 No.7820217 >>7819999 >>7820022 checked and wrecked

>>	Anonymous Tue Feb 20 10:49:14 2018 No.7820287 >>7819999 Kek is real Yeah ChainLink is poised to do some SERIOUS movement this year. Anyone not holding is literally sour grapes at this point just fucking buy in

>>

Anonymous Tue Feb 20 10:51:24 2018 No.7820328
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classic cup and handle.
https://coinmarketcap.com/currencies/mincoin/
https://tradesatoshi.com/Exchange?market=MNC_BTC
https://cryptohub.online/market/MNC/

>>	Anonymous Tue Feb 20 10:52:46 2018 No.7820359 what do anons. it feels like if we get normies inboard with link, it can go up abit in the short term, but wouldnt they kinda fuck with our 1k eoy somehow? im more afraid of the natural law than anything.

>>	Anonymous Tue Feb 20 10:53:15 2018 No.7820371 >>7819999 AAAAAAAAAAAAAAAAA I cant handle the LINK gets any longer

>>	Anonymous Tue Feb 20 10:53:48 2018 No.7820387 So when I cash out my crypto... simply move to wyoming first???

>>	Anonymous Tue Feb 20 10:54:37 2018 No.7820412 File: 1.99 MB, 2100x1500, 93F64148-DEA2-48F8-B9BB-9866A6A5DD89.png [View same] [iqdb] [saucenao] [google] >>7819999 Checkmate

>>	Anonymous Tue Feb 20 10:54:45 2018 No.7820413 >>7819999 Witnessed and verified

>>

Anonymous Tue Feb 20 10:58:04 2018 No.7820495
File: 602 KB, 2244x2160, sergeyoceanofeelings.jpg [View same] [iqdb] [saucenao] [google]

This, before sergey realized nobody would take smart contracts seriously without 1. secure data inputs and 2. privacy, they were schlocking that front end test net thing (i.e., a working product).
Sergey is clearly under orders from lawyers/legal team at places interested in implementing the product like swift banks. His behavior is 100% consistent with that.

Think about it for a minute: They're a "technically focused team" but it literally takes 1 minute to pop onto reddit and answer some nonstupid questions from people who are genuinely curious about smart contracts and your product (that you invited them in for by having a crowdsale, however small it was). Personally I don't think sergey is just a dick and there are other reasons he hasn't done any talking to token holders. Nobody is so busy they literally have no time for anything else other than work; Vitalik still posts on the ethereum subreddit forum. Fuck we know Steve was playing with developing cryptokitties stuff. Sergey just hasn't been allowed to say much of anything for the exact reasons in the OP.

>>

Anonymous Tue Feb 20 11:05:23 2018 No.7820659

>>7820495
and to add, from his social media presence we know Sergey has been involved in crypto and the crypto community for some time and knows damn well what the reaction would be if you have an ICO and then basically ghost people for months. There's no doubt he knew the usual customs and expectations but so far he just said fuck it to all of them. It doesn't take a genius to figure out what he means by this.

>>	Anonymous Tue Feb 20 11:05:50 2018 No.7820677 >>7819772 Sony and AXA for instance were already using smartcontract.com long before the ICO.

>>	Anonymous Tue Feb 20 11:09:13 2018 No.7820752 >>7820659 What did he mean by this

>>	Anonymous Tue Feb 20 11:12:16 2018 No.7820820 >>7819999 Witnessed link gets its real

>>

Anonymous Tue Feb 20 11:16:48 2018 No.7820924

I read this in another thread & it still hits me
>Also reminder that if you're not a NEET, but in an industry that could utilize smart contracts, don't be a fag. Yesterday I stood in front of the entire management of my company (with some 15k employees) and shilled the fuck out of smart contracts because they'd quite literally save us tens of millions a year, and of course I namedropped LINK when explaining why no one has been able to utilize smart contracts until now.
>Do your part, faggots. Smart contracts will revolutionize just about every industry. We just need to force the fuckers to take the leap.

wtf there's no stopping it now, like seriously, this kind of organic shilling, plus 7777777? Wtf

>>	Anonymous Tue Feb 20 11:18:41 2018 No.7820970 File: 30 KB, 718x659, jkljlkju.png [View same] [iqdb] [saucenao] [google] Dumped my link How it perform today?

>>	Anonymous Tue Feb 20 11:20:46 2018 No.7821015 >>7820970 Holy shit fuck off. NOBODY and I mean NOBODY on /biz/, not even the newfaggiest of newfags is retarded enough to buy your piece of trash SEVEN HUNDRED DOLLAR volume coin. STOP spamming it in every thread and go get a fucking job.

>>	Anonymous Tue Feb 20 11:22:11 2018 No.7821046 File: 183 KB, 407x441, 1518473797769.jpg [View same] [iqdb] [saucenao] [google] >>7821015 this

>>	Anonymous Tue Feb 20 11:23:27 2018 No.7821076 File: 6 KB, 118x141, 1281006836565.jpg [View same] [iqdb] [saucenao] [google] >>7820970 i smell POO....

>>	Anonymous Tue Feb 20 11:41:02 2018 No.7821506 >>7821076 Sure you are, linkmarine

>>	Anonymous Tue Feb 20 12:09:22 2018 No.7822225 >>7820022 Double dubs confirm. EOS is double kill