[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 195 KB, 1021x474, 123123123123123123.jpg [View same] [iqdb] [saucenao] [google]
10591764 No.10591764 [Reply] [Original]

This seems like a pretty good usecase for blockchain tech, but im not sure about the regulatory bullshit.

Chance of GVT being a security?

>> No.10591858
File: 156 KB, 1024x576, sgrem.jpg [View same] [iqdb] [saucenao] [google]
10591858

>>10591764
will he save us?

>> No.10591861

>>10591764
>Chance of GVT being a security?
Yes! how would it not be? The reality is ALL ICO coins have the CHANCE of being a security...

>> No.10591898
File: 67 KB, 1280x720, shremc.jpg [View same] [iqdb] [saucenao] [google]
10591898

>>10591858
>mfw only 28 years old

>> No.10591931

>>10591861
Didn't ETH have an ICO?

>> No.10591967

>>10591764

Definitely a chance of being a security, but who knows and who cares. This is probably the most legit project with actual use case out there.

>> No.10591968

>>10591764
It's a security. The GVT tokens might not but, but the manager tokens sure are. There is an expectation of profit. This will get shut down in the US at least. I don't think it's worth the risk.

>> No.10591970

>>10591931
Yep, but arguable if a security as it is PoW now...

>> No.10592005

>>10591967
If it ends of being restricted to residents of the US that is a pretty big issue in my opinion.

>> No.10592059

>>10592005

Well theyre not going to announce whether it is or isnt a security. Also theyre not going to take your tokens away if it is. They may try to shut it down, but come on we know that’s impossible. The team is in Russia with offices in Ireland, good luck.

>> No.10592079

>>10591861
>ALL ICO coins have the CHANCE of being a security

what do i invest in then? im all in BTC at the moment but that wont make me rich.

>> No.10592213

>>10592079
I do own ICO coins! I try to keep it 50/50 mineable coins (commodities) & ICO coins.
t. i did not buy ETH @ ICO b/c i thought it was a security....or just to close to one

>> No.10592283

>>10592059
The tokenomics including the Manager Tokens and the actual GVT token are set in stone since the beginning. I think they did their legal research before hand otherwise they would changed it....

>> No.10592316

>>10592283

Exactly. I’m 100% in on this project and am not worried in the slightest.

>> No.10592371

>>10592283
>>10592316
Its on the FAQ about 3/4 of the way down....
https://genesis.vision/faq.html

>> No.10592484 [DELETED] 

>>10592371
Total for Element 1: 10 pointsTotal for Element 2: 5 pointsTotal for Element 3: 2 points.Final assessment: 10 points for Element 1, 5 points for Element 2 and 2 points for Element3 means that the Token is ‘Unlikely to be a security.’ per the HOWEY Test.

>> No.10592514

>>10592371
Total for Element 1: 10 points
Total for Element 2: 5 points
Total for Element 3: 2 points.

means that the Token is ‘Unlikely to be a security.’ per the HOWEY Test.

>> No.10592610

>>10591898
damn this dude's got a shitload of facial and chest hair

literal BEAR

>> No.10592668

>>10592514
plz know i have this coin but when i read though it...i was not convinced In *my mind* it IS a security. The reality is the cases for unregistered securities seam to be individuals not the SEC against the coin.

IF the SEC goes after the ICO coins, it will be along the lines 'lets make the SEC seam powerful' the head of the SEC wants to get a bigger budget, it looks like a good way to get more funding for the SEC....
Example
Same reason why the DEA does not want Cannabis to be legal...they would lose the majority of their case work. It would be difficult to increase the budget if they had had less cases coming in...

>> No.10593123
File: 98 KB, 630x334, 12332354234234.jpg [View same] [iqdb] [saucenao] [google]
10593123

i have 900 when will i be rich?