/biz/ - Business & Finance

[Anonymous No.55214309]

Cardano vs. SEC
What are the implications of cardano losing the lawsuit?
Obviously they sold tokens to fund further development
It already performed the worst & hoskinson's blabbering may be fuel to the fire

[Anonymous No.55214322]

>>55214309
how will the nigga travel after this?

[Anonymous No.55214324]

charles is a fatso who's going to suffer from a heart attack anytime soon

[Anonymous No.55214490]

If Cardano is a security then Ethereum is 200%
How is it one though? It only had an ICO in Japan, which was entirely legal.
No one ever made promises of profits, Charles even tells people to fuck off if they care about ADA for the sake of making money.
The validators themselves are some of the most decentralized in all of crypto.
Very soon governance will be entirely decentralized as well.

[Anonymous No.55214530]

>>55214490
only problem is, gary dont give a flying fuck, they are making random "rules" and "laws", totally irrelevant jew rat.
and I am saying this as an eth maxiking.

[Anonymous No.55214579]

>>55214490
main problem is the attention of the ppl, they should give a fuck, its crypto not some stonk bullshit, its sad that burgistan is a heard of milking cows and the ppl dont do shit against the jew tyranny, but at least its not my problem, YET.

[Anonymous No.55214587]

>>55214579
>but muh guns
LMAO they really are the most pathetic castrated mystery meat cattle, aren't they?

[Anonymous No.55214594]

>>55214490
>It only had an ICO in Japan, which was entirely legal.
So it's a Japanese unregistered security?

>No one ever made promises of profits
The investor presentations during the ICO did hint at potential returns by comparing it with the price charts of eth and bitshares, falsely claimed Charles was a math genius and marketed Cardano as a gambling platform

>Very soon governance will be entirely decentralized as well.
So what you're saying that it's currently centralized and that Charles still holds the genesis keys, can change network parameters on a whim and holds the most of supply?

[Anonymous No.55214603]

>>55214309
Cardano isn't in a lawsuit with the SEC but they should sue them for defamation, loss of business etc, etc, for 100 billion dollars.

[Anonymous No.55214882]

>>55214490
To my knowledge, the selling of tokens to fund the foundation is still ongoing. Ok, they get it through staking but as if (they) would care.

>>55214594
I'm a cardano maxi but i lean towards this as well

[Anonymous No.55215002]

>>55214603

What are you saying? Sueing? Isnt that what companies do? Is Cardano a company?

Dude you're only making it more clear that Cardano is an unregistered security, you're right.

[Anonymous No.55215241]

>>55214309
Cardano is among the most if not THE most decentralized ecosystems. Cardano was literally engineered to resist this kind of bullshit. It will have zero effect. By the way, the sec is dividing and conquering, leaving ETH out of the current round of attacks is an intentional strategy to prevent the entire cryptosphere from uniting against the SEC. Their plan is to take out this batch, then eliminate Ethereum, then when that's all done, kill bitcoin and usher in CBDC's. So if you faggots are in here stroking yourselves in an infinite edging session over this news, you're making the ultimate brainlet move.

[Anonymous No.55215250]

>>55214530
gensler will be taking out Ethereum. End game is >CBDC only
nothing will be allowed to survive. by leaving eth faggots out of this current round he's counted on their own craven stupidity to keep them in scared/celebration mode... much better than uniting the largest crypto community (Ethereum) with the rest of the crypto ecosystems in a united front battling the SEC. use your brain bro.

[Anonymous No.55215259]

>>55214594
>So what you're saying that it's currently centralized and that Charles still holds the genesis keys, can change network parameters on a whim and holds the most of supply?
all false. never change biz

[Anonymous No.55215280]

>>55215250
aw sweet, a schizo post

[Anonymous No.55215289]

>>55214490
They published a five era, multi year roadmap

[Anonymous No.55215296]

this thread is a pristine example of the SEC absolutely masterfully executing a plan to
>divide and conquer
By leaving out the largest community (ETH) you faggots are sitting comfy celebrating and dancing on the news. I cannot imagine how stupid you faggots must be to behave like this.
>ETH is next
in the end Cardano is more decentralized than Ethereum and will survive no problem, only effect will be US is cutting itself off from crypto. Ethereum faggots would do well to unite and fight the SEC NOW. again...
>Ethereum is next in the slaughterline
goddamned brainlets

[Anonymous No.55215311]

>>55215280
imagine being an ethereum faggot right now and thinking that Etherum will be allowed to survive if Gensler's handlers have a voice in the matter. Ethereum is 100% going to be taken out and it will be infinitely easier to do so as it is so heavily centralized. All of the precious L2's are fully controlled by multisig FFS.

[Anonymous No.55215332]

>>55215259
>all false. never change biz
And yet no posted no evidence to the contrary.

These are all the parameters Charles can adjust:
https://cexplorer.io/params
There are seven governance keys that control parameter changes and IOG has 5 of them.
https://forum.cardano.org/t/lets-have-a-discussion-about-the-governance-bft-keys/103886
My favorite quote: "Single entity could decide to empty the treasury/reserves/introduce changes without any authenticity, and EM/CF/community could do absolutely nothing about it"

[Anonymous No.55215355]

>>55215332
Charles cannot change those, he is not a god and no updates go live without the SPOs agreeing to them. SPOs run the show in the end. Governance is literally around the corner and at that point Cardano is 100% in the control of the community. Charles also does not have the majority of ADA, learn some math.

[Anonymous No.55215360]

>>55215332
Lol how dare the community then say its decentralized

[Anonymous No.55215380]

>>55215360
That is the last bit of centralized control, yet no changes can be implemented without the SPO community installing updates. At the same moment governance is being fleshed out and once implemented those keys are 100% in control of the community. Cannot say that about Ethereum, cannot say that about Bitcoin, ETH L2's under ruggable multisigs, LINK under multisig... it's all a shitshow. Very few platforms have achieved anything like true decentralization, and it ain't Etherum, and it ain't Bitcoin.

[Anonymous No.55215399]

>>55215250
I said fuck gansler and almost the whole eth community above 30iq, we are not the btc maxi number go up lfg dudebroz! gensler can do whatever anytime, ppl should ignore the jew rat and it is over for him!

[Anonymous No.55215406]

>>55215355
>Charles cannot change those, he is not a god and no updates go live without the SPOs agreeing to them. SPOs run the show in the end.
Again no proof was provided. He has the keys to make changes and the changes they can make with the keys happen regardless of what node you use.
>Governance is literally around the corner
Always two more weeks with ada cultists. How's hydra working?
>Charles also does not have the majority of ADA, learn some math.
Post his wallet address

[Anonymous No.55215416]

>>55215380
brother, to change bitcoin rules you need to convince the most ossified community, which was already tried on 2017 with the block size wars and failed, resulting in bitcoin forks. The fact that bitcoin core github repo is owned by some guys who have the PGP keys doesnt mean anything, anybody can clone the code and change it, the hard part is making node operators update to your versions.

[Anonymous No.55215417]

Again, the endgame for the elites to pull all the strings is for total control and that only means CBDCs. You faggots stuck in crypto penis measuring mode, ever-desperate to pump your bags, are being played like a fiddle. The US is going to try to kill everything, the only thing that they want to survive are CBDCs. The current lawsuits describe the ways that Ethereum is a security, the SEC is literally just making up any random criteria to justify why every crypto is a security. Bitcoin will be the final boss that they will go after only after they take out everything else.
>they will not be able to take out everything else
but it will be much better for crypto if people unite rather than play the same bullshit FUD games we've all been doing for the past 6 years

[Anonymous No.55215435]

>>55215002
I meant everyone that makes up cardano, emurgo, iohk, spo's etc. It's what OP meant as well but you're obviously too much of a retard to have caught onto it.
>>55215360
Yep, a retard.

[Anonymous No.55215450]

>>55215417
>>55215435
Dudes, all altcoins that arent proof of work, have a presale, and try to sell you technologies are securities, and are unethical, scams. I dont like Litecoin or Dogecoin, but they're commodities too. Only Bitcoin and Monero have usecases in the real world. Rest are garbage.

[Anonymous No.55215457]

>>55215406
>How's hydra working?
hydra is live
>Post his wallet address
you do it faggot, i dare you. imagine being a reddit spacing faggot like yourself who uses SEC terminology in their brainlet BIZ posting
>unregistered security
the only people using this terminology are leftist govt faggots and
>bitcoiner govt worshipping sycophants
Crypto is an emerging technology. every single fucking project starts out centralized. some never try to get rid of the centralization - others do but it does not happen instantly. CIP 1694 is working itself to going live and with this SEC bullshit it will have a fire to go live like never before. Once that is live Cardano will be the single most decentralized ecysosytem on the planet, the community will literally hold those keys.
>hydra
it's live btw

[Anonymous No.55215475]

>>55215450
brainlet bitcoiner religious idiot happily licking gensler's balls while his bitcoin infulencers grovel at the steps to the SEC worshipping and begging for the govt to take out better crypto projects. Satoshi Nakomoto having private meeting where he lies prostrate presenting his ass and begging for the govt to allow Bitocoin to be the only crypto in existence. Nothing is more pathetic than a Bitcoiner these days.

[Anonymous No.55215483]

>>55215416
>brother, to change bitcoin rules you need to convince the most ossified community, which was already tried on 2017 with the block size wars and failed, resulting in bitcoin forks. The fact that bitcoin core github repo is owned by some guys who have the PGP keys doesnt mean anything, anybody can clone the code and change it, the hard part is making node operators update to your versions.
same shit goes for cardano you absolute moron.

[Anonymous No.55215486]

>>55215457
Dude cardano sucks and is useless, you're just a bagholder trying to pump his bags before it crashes under $0.01

[Anonymous No.55215501]

satoshi premined
satoshi's friends premined
tiny insider core of people had access to ungodly quanties of Bitcoin because of how it started... being one a tiny few cypherpunks who mine the shit out of a coin while the world is wholly ignorant is a premine. it need not happen in a single click to be a premine. Bitcoiners are dumb.

[Anonymous No.55215506]

Welcome to what XRP schizos have been going through for years. Everything is slow as fuck and not much happens really. If Ripple wins then crypto will have the Ripple test not the Howie test.

[Anonymous No.55215515]

>>55215486
done interacting with braindead bitcoiners who worship at the altar of government control.

[Anonymous No.55215531]

>>55215506
The only thing that the US is accomplishing her is cutting itself out of a multi trillion dollar market, and instead of the silicon valley of crypto being located in the US, it'll be in Dubai or Switzerland or some other non-draconian place. you cannot stop decentralized systems.

[Anonymous No.55215570]

>>55215296
ETH thinks that there is honor among thieves. Hinman took their money and is about to rugpull them.
>Meanwhile Ripple has spent $100M defending crypto while the mouth breathers laughed from the sidelines.

[Anonymous No.55215588]

>>55215531
They are trying to get rid of exchanges and class crypto as securities so if people are allowed to buy crypto they will need to go through the big banks as they will be the only ones with the security licenses. But it's not really working and as you say all it's doing is pushing businesses to the countries with crypto regulations. I'm sure the big boys in the government see this and will fuck the sec off soon and create a new crypto 3 letter agency.

[Anonymous No.55215643]

Just collected my 4 ADA in staking rewards. Thanks Charles!

[Anonymous No.55216058]

>>55215501
Lol this is retarded, satoshi didnt premine, and also the genesis block coins are unspendable, he waited 6 or 9 days for other miners to join.

He never spent any of the coins he early mined in the first years.

There was never any expectation of profit, Satoshi disappeared once bitcoin started trading for dollars and never sold a single sat.

Satoshi doesnt have a say in bitcoin and nobody knows if he's alive or anything about him.

Everybody gets in bitcoin at the time he deserves, you're too blinded by your ADA bags to see through reality

[Anonymous No.55216161]

>>55214309
>Obviously they sold tokens to fund further development
That has nothing to do with being a security.
Farmers sell potatoes to further the development of their farm.

>>55214490
>If Cardano is a security then Ethereum is 200%
>No one ever made promises of profits, Charles even tells people to fuck off if they care about ADA for the sake of making money.
I can't stand Charles and think Cardano is a joke, but you're absolutely right.
The SEC's case against Cardano is virtually non-existent.

[Anonymous No.55216201]

>>55215296
We knew we wouldn’t be the only ones, just one of the first. We warned you years ago.
-/xsg/

[Anonymous No.55216206]

>>55214490
ADA was the ONLY cryptocurrency the SEC sued that DID NOT explicitly lead investors to believe any expectation of profit and therefore IS NOT a security
checkmate methheads (which actually IS a security)

[Anonymous No.55216294]

>>55215531
decentralization is a myth. they can shutdown anything electronic. if something was ever a legit threat to them they would go as far as hiring assasins and cutting under sea cables if they had too. they will never scede their power over the goyim.

[Anonymous No.55216314]

Chad Charles is facing the SEC down, what a man.

[Anonymous No.55216367]

>>55216294
>decentralization is a myth. they can shutdown anything electronic
Decentralization means they have to shut literally everything down.
And even then, the thing just reappears the second a single device comes back online.

[Anonymous No.55216572]

>>55216161
Farmers didnt create the potato species to sell them and further fund their new potato development species.

[Anonymous No.55216579]

>>55216206
ADA is not being sued by the SEC. They are trying to make out it is and if Binance settles they can say "see, even Binance knew it was a security!"
And anyway, ADA has utility so is not a security.
Fuck you, Gary, you massive faggot.

[Anonymous No.55216581]

>>55216572
>Farmers didnt create the potato to sell them and further fund their new potato development
They literally did.

[Anonymous No.55216591]

>>55216572
ADA are like potatoes.
and potatoes are clearly NOT securities.

[Anonymous No.55216630]

>>55216581
Wtf? Are you dumb? The farmers bought seeds you dumbass

[Anonymous No.55216663]

>>55216630
I'm counting the production of potatoes from seeds as "creating".
Because Cardano didn't "create" tokens or coins, they used ETH and BTC as seed.

[Anonymous No.55216683]

>>55216591
Oh yes, they created the seeds and their soil out of thin air.

All those shitcoins are like if the farmer writes on a paper and says that the paper will be useful sometime in the future, signs it and gives it to some of his friends.

The friends then sell it saying that he will produce so much potato that the paper is going to be valued more in the future and you degenerates all bought into it.

[Anonymous No.55216697]

>>55216630
Do you mean something like to get some cardano i have to buy the seeds, or seed phrase from somebody?

[Anonymous No.55216729]

>>55216683
>he friends then sell it saying that he will produce so much potato that the paper is going to be valued more in the future and you degenerates all bought into it.
no, that would make potatoe a security.
ADA was the only crypto the SEC sued that DID NOT tell investors the price would increase, they DID NOT explicitly say this, and therefore, you have to agree, ADA IS NOT a security.

[Anonymous No.55216781]

>>55216729
Maybe they didn’t say it but that’s why everybody bought it: To sell at a higher price.

[Anonymous No.55216794]

>>55216781
People buy pokemon cards to sell at a higher price.

[Anonymous No.55216826]

>>55216729
lol just because they didnt sell it doesnt mean its not implicit.

If you buy any altcoin, ADA included, you're only buying it with hopes that number will go up, that Charles and his friends who change stuff in the code that will make ur bags pump up, so you can sell off and get a lambo or leave your mothers basemement. So its a security, get over it. Sell before its too late.

[Anonymous No.55216841]

>>55216826
>If you buy any altcoin, ADA included, you're only buying it with hopes that number will go up
I buy coins all the time just to straight up use them.
ETH for swaps, Link for VRF, etc.

[Anonymous No.55216871]

>>55216781
proven.
if they didn't say the price would increase, it's not a security.
and you have no way to PROVE that people bought it to sell at a higher price.
more likely, people bought ADA because they want to use the d-apps.
as in, buyers of ADA are consumers, not investors.
understand the difference.

[Anonymous No.55216876]

>>55215588
Gensler in his coherency already has reached the 'x bad' level of authority. The three letter agency problem continues to rest on their definitions and simple, understandable ideas need to be able to be communicated and understood by the gullible who enforce these arbitrary rules, which always show to favor the enforcers themselves.
They can call shit whatever they want, they can't agree on simple terms because the corrupt people in governments main focus continues to be power grabbing, to lie, slow down progress and to manipulate in the agencies or personal favor and interest, which have limits when principles are being incoherently tossed around.

My guess is their influence ultimately depends on how well they can rig the juridical system to enforce the arbritrary laws they conjure up anyway.
Yeah, a new three letter angency is probably another route, but still basically just another nail in the coffin for the government and the lifeblood of it - the banking system, at least, the way I see it. Crypto never was meant for profit. It was meant for freedom over your own finances. Anything not holding this standard won't be attacked or tried to be brought up and controlled, because it's not in opposition to anything. It's the way the dollar dies.
It's technically impossible for them to enforce the WEF standards, too, because the system IS the dollar. That's why they enrolled the jab. That outcome will be that in two generations time the only white people living will be the ones with autistic grandparens who were aware of the sterilization push anyway.

[Anonymous No.55216881]

>>55216871
>and you have no way to PROVE that people bought it to sell at a higher price.
this

[Anonymous No.55216896]

>>55216841
Buying altcoins in order to buy other altcoins, in order to sell them at a higher price is still buying altcoins with the hope of number go up.

Theres only one usecase where you buy an altcoin for something real. that would be buying some XMR to buy some good stuff on the darkweb. Rest are securities.

[Anonymous No.55216902]

>>55216826
why is pepe holding a fleshlight.
and no, ADA is not a security.
charles didn't engage in behavior to pump the price and the ICO wasn't even in america, but even if it was, it's still a commodity, because he didn't tell people to buy it so they can sell it, he told them about the great features and apis on the network that you buy the coins to participate in.

[Anonymous No.55216903]

>>55214309
test

[Anonymous No.55216905]

>>55214309
>implications of cardano losing the lawsuit?
The implications is the end if road for ADA it's related products. I'm still holding my ADA bags though, but will start using it to buy burger in McDonald's through CryptMi app very soon. So that if it dumos hard, ain't gonna fill it hard.

[Anonymous No.55216915]

>>55216896
I did tons of liquidity farming and staking just to increase the NUMBER of tokens I own. Not their individual value.

[Anonymous No.55216920]

>>55216794
yea, trading cards are just like potatoes, and they are NOT securities.

[Anonymous No.55217025]

>>55216729
>ADA was the only crypto the SEC sued that DID NOT tell investors the price would increase
This is from the investor presentation during the ICO in japan where they suggested big returns.

[Anonymous No.55217098]

>>55217025
no, but they have to actually SAY it.
if they don't PHSYICALLY TELL someone (in english), it's not a security.

[Anonymous No.55217268]

>>55217098
>>55217025
>>55216871
>>55216206
>if they didn't say the price would increase, it's not a security.
Ok, so ada is a japanese security

[Anonymous No.55217284]

>>55217268
>>55217025
Source: https://web.archive.org/web/20160320233051/http://www.adacoins.com/
https://web.archive.org/web/20160131210216/http://attaincorp.co.jp/about/index.html

[Anonymous No.55217333]

>>55217025
>>55217268
kek wait until Gensler fires up google translate.

[Anonymous No.55217341]

>all these people think bitcoin is the next google/amazon/apple and not the next napster/pets.com/microstrategy
I hope you all make it.

[Anonymous No.55217540]

>>55217341
somebody doesnt understand shit about bitcoin yet, need to invest more time studying bitcoin brother.

[Anonymous No.55217749]

>>55214530
you dumb nigger the judge will decide if it is a security or not, not goynsler

[Anonymous No.55218654]

oddly ada doesn't seem to be on binance's kill list

[Anonymous No.55219629]

>>55216841
Based anon, I use ETH to provide liquidity on platforms like uniswap and earn. I also stake others like Near, Sylo and Flux on Huobi for passive income.

[Anonymous No.55221592]

>>55214309
>Cardano
KEK

[Anonymous No.55221676]

>>55214490
I'm all aboard the decentralization train 'cause it would straight-up squash the constant downsides we witness in this realm on the reg. Mad props to web3 ventures for finally getting serious about it. Sylo and its moves in the open metaverse deserve way more props, yo. Here's hoping blockchain tech decentralizes everything, even the way we shoot the shit.

[Anonymous No.55221808]

>>55216826
Doesn't matter if it's a security. That's not a cancellation of ADA or any other crypto. SEC just needs to make new rules for crypto "securities" and where they can be traded. It probably will be a boost for crypto when they do.

[Anonymous No.55222312]

>>55221592
>>55221808
You don't get it, in order to register a security you have to go throught a lot of disclosures which would show how unfair and pumpy dumpy the schemes of all shitcoins are.

[Anonymous No.55222417]

>>55214490
Ethereum has the excuse of being the first one hence being an experiment without any success chance thus it does not fit as a security since it had no guarantee of return of investments.

[Anonymous No.55222816]

>>55222417
Ethereum is shit. No excuse it's going to work for them.

[Anonymous No.55223296]

>>55222312
OK, let's do it. I think ADA will make it through that.

[Anonymous No.55223312]

I'm just here to troll around and get digits

[Anonymous No.55223352]

Governance is the problem here, All chains with on-chain governance are securities according to US law

[Anonymous No.55223366]

>>55223352
Correct me if i'm wrong, I'm 118IQ midwit repeating something i've heard on Twitter

[Anonymous No.55224528]

FUCK THERE ARE A TON OF SCHIZOS HERE

>>55214309
ADA is fucked. 100% a security. Years of staking rewards to secure what fucking network? Send it to fucking zero.

>>55214490
How is it a security? Active treasury management to fund development of the core network. Core team. Surprised you're asking. Governance soon decentralized? Yeah, but it isn't (but they're working on it lol).

>>55215241
Most decentralized
>>staking pools have to pay network users
>>scaling only possible via batching transactions or off-chain solutions (like hydra)
LMAO

[Anonymous No.55225475]

>>55214309
I think Cardano has been over for a while now. There's nothing more to predict here.

[Anonymous No.55225973]

Both are trash, only retarders gonna buy that shit

[Anonymous No.55226208]

>>55221808
It looks like a regulation of some sort to make the space better for users anon. But the approach is fucked and they would keep losing cases, I'd rather focus on innovative platforms with real world utilities like Zcash for fiat and crypto payments alongside holoride for in-car metaverse experience.

[Anonymous No.55226235]

>>55214490
>If Cardano is a security then Ethereum is 200%

Absolutely correct. Ethereum is a security and the SEC has affirmed and reaffirmed this a few times.
So is every other shitcoin besides maybe LTC and DOGE, which are clones of BTC with no premine.

The shitcoin Holocaust is finally here.

[Anonymous No.55226302]

>>55215570
No one's posting the Baghell gif anymore are they?

[Anonymous No.55226334]

>>55226235
BTC, ETH, DOGE and LTC are the only safe coins because they are not securities. ETH should also be classified as a security but for some reason the SEC doesn't consider it to be one.

[Anonymous No.55226396]

>>55226334
honestly, how it looks to me, it seems like the SEC treats everything as a security unless proven otherwise. Which, okay, sure, they can claim whatever they want. Their approach is just dumb, litigation to impose their ideology onto a space is not the way, and I think gensler might get the boot if another president gets elected other than Biden