If ETH is a security, EOS will SURGE

[Anonymous No.9289895]

If ETH is not a security, the entire market will surge along with ETH.

If ETH is a security, EOS isn't because their disclaimer specifically says it's not available to US citizens.

Dan Larimer is fucking genius.

>when he responded to me on telegram

[Anonymous No.9289912]

>>9289895
Um sweetie, if ETH is a security then so is EOS since its just a shitty ERC20 token

[Anonymous No.9289927]

>>9289912
>just an erc20

it's just an erc20 WITH a super aggressive disclaimer that essentialy grants it full immunity. ETH does not have the same disclaimer.

[Anonymous No.9289946]

>>9289912
Until the end of the month when it moves to it's own chain at 1:1? Don't be stupid.

[Anonymous No.9289972]

>>9289927
disclaimers don't magically shield you from being a security brainlet

[Anonymous No.9289989]

>>9289946
Even then it will still be classed as a security token if ETH is

[Anonymous No.9289998]

>>9289972
this

holy shit the absolute state of /biz/

[Anonymous No.9290016]

>>9289989
It wont be declared one anyway, But on the off chance it was, Americans further get banned from exchanges. The world moves on.

[Anonymous No.9290027]

>>9289927
>disclaimer that essentialy grants it full immunity

I honestly feel bad for uneducated retards like yourself.

[Anonymous No.9290044]

>>9289998
>>9289972

[Anonymous No.9290077]

>>9289895

>If eth is a security , then it won't be easily available to US citizens.

>EOS is by its very nature not available to US citizens.

Holy shit BUY EOS

[Anonymous No.9290080]

>>9289972
>>9289989
>>9289998
>>9290027

you realize that if it's not available to us citizens directly from block.one DOES grant it full immunity from us laws. that's the entire reason they do that.

[Anonymous No.9290112]

>>9290080
is biz really this retarded?
the SEC will just label it a security anyway, what is EOS going to do about it?

[Anonymous No.9290113]

>>9290080

You realize that an american decision about the classification of ethereum does not affect it globally ?

[Anonymous No.9290130]

>>9290112
No, it wont. Also same question, what's the sec going to do about it?

[Anonymous No.9290155]

>>9290112
It doesn't apply to them, only erc20's that are available to citizens

[Anonymous No.9290165]

>>9290080
>being this retarded

[Anonymous No.9290233]

>>9290165
So then why not sell it to US citizens to make more money?

Stay in denial ETH fags

[Anonymous No.9290244]

decentralized exchange will be launching on EOS. who fucken cares. SEC can't do shit. what are they gonna do?

[Anonymous No.9290275]

>>9290080
Nice bait.

[Anonymous No.9290302]

>>9290233

What is the consequence of eth being labeled a security?

[Anonymous No.9290318]

>>9290233
So...if ETH is a security...neither coin is available to regular US citizens? What advantage does EOS have in this scenario?

[Anonymous No.9290340]

>>9290233
Look, faggot. If the sec says it's a security, then every exchange that serves burgers will have to delist it or only offer it to accredited investors (and implement the necessary kyc to do so).

[Anonymous No.9290343]

>>9290080

[Anonymous No.9290367]

Friendly reminder all security tokens will have to become security tokens. It's the only way the SEC can get a grip on crypto before the next bullrun which will be greater than anything you've ever seen.

https://www.youtube.com/watch?v=g4rvJALp2LI

[Anonymous No.9290385]

>>9290367
*all tokens will have to become security tokens

[Anonymous No.9290439]

How come /biz/ is the only place on the web that seems to think the SEC will claim ethereum is a security when every other source says that is very unlikely?

[Anonymous No.9290487]

>>9289895
>If ETH is a security, EOS will SURGE
no. if ETH is a security XMR will surge.

[Anonymous No.9290501]

>>9290439
Tbh I don't really think that tomorrow they will be. This process will probably drag on for a little while and I wouldn't be surprised if in the end the SEC basically created a new regulation or amended one specifically for crypto security tokens

[Anonymous No.9290565]

Is that why they
advertised in times square during the ICO

>>9289895

[Anonymous No.9290571]

>>9290016
Hey maybe its for the best. We need a good swift kick in the ass on some front eventually right?

[Anonymous No.9290586]

>>9290340
Only US exchanges. The SEC has no authority anywhere else.

[Anonymous No.9290606]

>>9290439
Because biz is a cesspool filled with trolls trying to manipulate market sentiment.

[Anonymous No.9290612]

>>9290586
But most overseas exchanges won't allow burgers to register on their exchanges so they don't have to deal with the SEC.

[Anonymous No.9290674]

>>9290586
But the US also has an obligation to not exclude itself from a worldwide market, which means regulating it appropriately.

[Anonymous No.9290699]

>>9290565
Lol

[Anonymous No.9290791]

>>9290674
>which means regulating it appropriately.

You cant though. That's the problem. it cannot be regulated. It cannot be taxed, it cannot be regulated, it cannot be controlled.

[Anonymous No.9290812]

>>9290791
Haha. Good one.

[Anonymous No.9290863]

>>9290565
the absolute state of EOS tryhards
>not available to US residents so we safe...but uh, we advertised our ico in fucking timesquare, usa

[Anonymous No.9290918]

>>9289895
if eth is a security the whole market is dead for months retard

[Anonymous No.9290941]

>>9290812
Are you stupid? Have you been paying attention to the technology.

If people are paid directly in crypto for their services and they are able to obtain goods and services with that crypto then its completely impossible to do anything about it.

With incoming dex and dapp craze then this just becomes even more complicated.

[Anonymous No.9290963]

>>9290941
Boy you ancap fags are going to be so disappointed when you're brought back down to reality.

[Anonymous No.9290983]

>>9290918
Not the tokens that have already filed as securities. Heh, nothin personnel kid.

[Anonymous No.9290989]

>>9290963
>Boy you ancap fags are going to be so disappointed when you're brought back down to reality.

I am not a fucking ancap you moron I am someone who understands the technology.

YOU CANT FUCKING REGULATE CRYPTO

[Anonymous No.9291037]

>>9290989
Have you been living under a rock for the past 6 months?
https://www.youtube.com/watch?v=iWQmQ_0Ovxs

[Anonymous No.9291058]

>>9289895
definitely beating a dead horse here, but you're a retard.

The only way Eth will be exempt from being classified as a security is because it's decentralized enough. Do you even understand how EOS works? The way more likely scenario is that Eth gets the green light, flies to outer space, and meanwhile centralized shitcoin scams like EOS will get hit with the banhammer and all the double digit IQ bagholding faggots will get utterly rekt

[Anonymous No.9291068]

>>9289972
Fucking retard, that's what the contracts are for dildo...u think they didn't spend a mil on layers before ico?

[Anonymous No.9291077]

>>9290080
Fucking brainlets are fucking breathing bricks!

[Anonymous No.9291086]

>>9291037

Ok dumbass, they have two ways to regulate crypto.

- Fiat gates
If people bypass fiat gates you cant find out who they are and you cant prevent them from trading.

- Violence
Cant be violent to someone if you cant identify that person. Probably not a good idea to do this to too many people at once either.

[Anonymous No.9291098]

>>9291086
Argeed anon but will bring market down because normiea won't know how to cop btc without coinbase

[Anonymous No.9291112]

>>9291098
Thats where dapps come in and all the new fancy social media pages pop out and people begin making crypto by sharing pictures of food.

[Anonymous No.9291123]

>>9291058
As an american I have no intention of abiding by any ruling. I'm pretty heavily invested in decentralized exchanges so a fucked up ruling could eventually help me.
That said, there is no way they will rule Eth as a security. It's too late, cat's out of the bag.

[Anonymous No.9291201]

>>9291086
Brainlet what is KYC? Why is it being applied all of a sudden? Why is the IRS and the U.S. Treasury clamping down hard? Why are exchanges applying to become ATS exchanges so they can trade securities?

[Anonymous No.9291226]

>>9291201
None of it matters. They will go full panic mode and they will begin targeting people who reported taxes on crypto gains first.

After than they will start a new "drug war" on crypto.

[Anonymous No.9291255]

>>9291226
>After than they will start a new "drug war" on crypto.
You're deluded. Regulation is coming, one way or another.
https://www.cnbc.com/2018/03/07/the-sec-made-it-clearer-that-securities-laws-apply-to-cryptocurrencies.html

[Anonymous No.9291268]

>>9291201
Mostly to fight against the darknet markets

[Anonymous No.9291278]

>>9291255
>You're deluded. Regulation is coming, one way or another.

HOW
Stop fucking hand waving like some magical solution exists.

Explain to me how you can prevent people from earning, owning and using crypto.

[Anonymous No.9291294]

>>9291268
That's one facet of a broader regulation plan.

[Anonymous No.9291301]

The only people who are on the chopping block right now are the ones who reported crypto gains in the past. They will have their crypto taken from them.

[Anonymous No.9291327]

>>9291278
It's happening right in front of your eyes you moron. I just pointed it out to you. You are not anonymous >>9291201

>"If a platform offers trading of digital assets that are securities and operates as an 'exchange,' as defined by the federal securities laws, then the platform must register with the SEC as a national securities exchange or be exempt from registration," the commission said in its "Statement on Potentially Unlawful Online Platforms for Trading Digital Assets." The statement marked an expansion of scrutiny to companies involved with trading, in contrast to previous publications that focused on the digital coins and their developers.

>"I think it's one more message from the SEC that they view coins as securities and they encourage everyone in the space to ... follow securities laws," said Jason Gottlieb, partner at Morrison Cohen, where he leads the cryptocurrency litigation team.

[Anonymous No.9291338]

>>9291278
>Explain to me how you can prevent people from earning, owning and using crypto
Who said anything about preventing?

[Anonymous No.9291359]

>>9291327
>It's happening right in front of your eyes you moron.

I see utter delusion. Like a child saying

> Daddy is going to make all of the bad things go away!!

Yeah sorry bro. They can try, they can SAY all kinds of cool shit. They can make super strict laws and be VERY MAD ALL THE TIME!

If you cant prevent people from earning, owning and using it, you cant fucking regulate it.

[Anonymous No.9291397]

>>9291338
>Who said anything about preventing?

Time to start flash banging those babies am I right anon? hahaha

[Anonymous No.9291437]

>>9291359
>They can try, they can SAY all kinds of cool shit.
Yet you already have to complete KYC, dontcha sweetie? The CFTC already has enforcement power to obtain trading data of the Bitcoin futures' markets and analyse them for fraud and manipulation. More regulation is coming and you'll be dragged kicking and screaming like the spoiled little ancap fag you are if you don't play nice.

[Anonymous No.9291571]

>>9291437
>More regulation is coming and you'll be dragged kicking and screaming like the spoiled little ancap fag you are if you don't play nice.

Sure, but the technology is fundamentally unregulatedable. I can tell by your responses that you are a bit in panic mode. Because you know I am right.

Ok
If you want to shut me up then explain how they will be able to prevent people from earning, owning and using crypto. Lay out a basic plan so everyone can see your side of the argument. Because you are just shooting blanks right now.

The only solution you know they have is doxing owners of crypto and using violence against them. There wont be any other method.

I already know how this is going to play out. I am probably right. They will clamp down, promptly realize people find ways around the law, then freak out and make crypto completely illegal. Then they go after people who reported crypto taxes. Then come the no knock raids.

Drug war 2.0!

[Anonymous No.9291684]

>>9291571
Why would I be panicking? It seems you might be projecting.
>explain how they will be able to prevent people from earning, owning and using crypto
Why are you obsessed with this idea that their main goal is to stop people from earning crypto? It's in the US' interests to allow people to trade. They don't want to miss out, they just want/need to regulate it, and they already are on their way to doing so.
>muh violence
Violence is a part of life, and yeah once the regulatory framework has been settled if you're not complying then violence will be the last resort, always is.

[Anonymous No.9291803]

>>9291684
> Why would I be panicking?
Because you are walking into a situation talking about how the sky isn't blue and demanding everyone agrees with you because CNBC said so.

Its sad

>they just want/need to regulate it
It cannot be regulated. That's the problem. Like I said, explain how you can prevent people from earning, owning and using crypto. Or regulation will be like screen doors on a submarine.

> and they already are on their way to doing so.
I see a lot of theater. Its theatrics.

> Violence is a part of life, and yeah once the regulatory framework has been settled if you're not complying then violence will be the last resort, always is.

Violence is the only option right out of the gate. You cant do anything else. This means the only targets will be specific people and the vast majority of crypto holders will go unregulated.

[Anonymous No.9291804]

>>9289895
Lots of erc20 tokens have that in their disclaimer. All this EOS shilling is really getting old.

[Anonymous No.9291843]

>>9291803
>you are walking into a situation talking about how the sky isn't blue
What is this waffle?
>It cannot be regulated
Already is being regulated.
>KYC is just theatrics
>the only targets will be specific people
Wrong. The CFTC has already issued several subpoenas to exchanges.
>the vast majority of crypto holders will go unregulated
Wrong. Why do you pretend KYC doesnt exist?

[Anonymous No.9291914]

>>9291843
>Why do you pretend KYC doesnt exist?

Will it exist on all dapps that will ever be made? How about decentralized exchanges.

Second off get fucked calling me a Waffle while you apparently believe government has magical powers. kek

you still haven't explained how they can regulate crypto yet and ignored multiple opportunities to explain your argument.

[Anonymous No.9292086]

>>9291914
>Will it exist on all dapps that will ever be made?
Anything that enables passive income and/or where trading takes place will be ultimately subject to regulation.
I wasn't calling you a waffle, I was referring to you waffling about the sky being blue.
I've explained how they're already regulating crypto but you like to ignore it and brush it off. You already have to give all your personal information to exchanges and ICOs when you buy crypto. You're already being targeted by the IRS. Exchanges have already been issued subpoenas and have to be compliant with the CFTC regulations. Just because you don't see a big grand complete regulation plan set in stone right now doesn't mean it isn't happening and won't happen. Anyone with an IQ over 80 can see it's heading that way.

[Anonymous No.9292153]

Dan L. is a fucking CHAD.

[Anonymous No.9292575]

>>9289895
you fucking pussies deep throat dan larmer so hard on here its embarassing hes' fucking lame cant even stick to one project because non are ETHEREUM tier and if you think this time will be any different than stay an idiot holy fucking shit shut the fuck up.

[Anonymous No.9292678]

>>9289895
>crashes ethereum with no survivors

https://www.coindesk.com/sec-chief-clayton-every-ico-ive-seen-security/

Which includes EOS, advertised in times square and shilled by americans.

[Anonymous No.9292833]

You fuking dip shitS ETHEREUM is a fucking open sourced PUBLIC OPERATING SYSTEM THAT IS REQUIRED FOR FEES ETC NONE OF US HAVE ANY OWNERSHIP TO ETHEREUM NOR DO WE HAVE A SAY IN WHAT IS CHANGED ETC IT IS NOT A SECURITY THE SEC IS JUST PUTTING THIS IN PEOPLE'S MINDS FOR WHEN THE FUCK YOU OVER ON OTHER SHIT AD TRY TO JUSTIFY IT

[Anonymous No.9292849]

If ETH gets a security tag then the entire ERC20 market is getting justed into oblivion. Including EOS.

[Anonymous No.9292850]

>>9291226
shut the fuck up

[Anonymous No.9292871]

>>9289895
BCH has been rulled NOT a security and will have smart contracts in less than 2 weeks

[Anonymous No.9292882]

>>9292575
cute.

[Anonymous No.9292899]

>>9291804
lots of erc20's aren't available to US citizens? uh no, only a few are and EOS is one.

[Anonymous No.9292930]

Plot twist they say eth isn't a security but say xrp is. Ripple is also suppose to be decided on. They sell xrp yearly to raise funds. Sounds like a security trade to me.

[Anonymous No.9292957]

>>9292086
>Anything that enables passive income and/or where trading takes place will be ultimately subject to regulation.

And if nobody follows this and makes dapps that dont follow the rules there wont be any consequences. Because they cant do anything about it.

[Anonymous No.9293074]

>>9290016
This

Bitfenix already banned the muts all together

[Anonymous No.9293135]

>>9293074
Force America into a place where they fall behind because they attempt to ban unregulatable technology. Countries that don't attempt to regulate like this will grow their economies.

The idea that we can force every person who makes a coin or a dapp to follow kyc is FUCKING RETARDED and they should FEEL LIKE THE FUCKING RETARDS THEY ARE.

[Anonymous No.9293167]

>>9289895
Facts.

SEC couldn't beat block.one in court anyway.

[Anonymous No.9293170]

>>9292957
There will always be black/grey area markets that can circumvent proper regulation but the most popular and mainstream brokers/exchanges/platforms will be regulated. The SEC will be happy with the lions share but will still target those that don't comply. Just like how Napster got regulated to lead the way for the likes of Spotify or iTunes. Sites like piratebay exist but Netflix still dominates. I also wouldn't be surprised if Metamask will require KYC in the future.

[Anonymous No.9293257]

>>9293170
>the most popular and mainstream brokers/exchanges/platforms will be regulated.

The most popular will be the unregulated ones. Also you cant target something that doesnt exist.

How long until people who hate corporations or America in general realize they can hit them the hardest by creating a shit ton of dapps.

Its so easy and it would do far more damage than any other method. Tired of America having infinite money? Just dapp the government to death until literally an entire generation is not paying taxes anymore.

[Anonymous No.9293374]

>>9293257
>The most popular will be the unregulated ones.
Like Coinbase?
>Also you cant target something that doesnt exist.
Lol, well duh, we're talking about once regulation is in place. Keep up. Security tokens and security token platforms are already becoming a thing: note Nexo and Polymath.
Also, check it: https://medium.com/@futureblok/security-tokens-how-wall-street-and-blockchain-will-collide-8526634a9230
>muh dapps
Any unregulated dapp that becomes popular and is judged to be trading in securities will be forced to comply.

[Anonymous No.9293389]

>>9292871
Can anyone confirm this?

[Anonymous No.9293416]

>>9293374
>Like Coinbase?

Coinbase is only popular because its the path of least resistence. Once dapps get moving the path of least resistence will follow that path instead.

> Any unregulated dapp that becomes popular and is judged to be trading in securities will be forced to comply.

HOW
You may not know who created it and you cant stop 5 others just like it from popping up the next day.

[Anonymous No.9293455]

>>9293389
https://www.bloomberg.com/news/articles/2018-04-23/ether-ripple-may-be-securities-former-cftc-head-gensler-says
>Bitcoin, Litecoin and Bitcoin Cash probably wouldn’t be classified as securities as they weren’t sold in ICOs, said Gensler, who is now a senior lecturer at the Massachusetts Institute of Technology. The CFTC has said virtual currencies, like Bitcoin, are commodities.

https://coincentral.com/bitcoin-cash-to-upgrade-to-smart-contracts-bigger-block-size-with-may-15-hard-fork/

[Anonymous No.9293563]

>>9293416
Doesn't matter why it's popular, what matters is once it gets popular it's getting REG'd
All those types of bandit dapps and forks you talk about will surely exist, but they'll be used by a fringe portion of the market. The majority will comply.

[Anonymous No.9293626]

>>9293563
>All those types of bandit dapps and forks you talk about will surely exist, but they'll be used by a fringe portion of the market.

They will be the most popular. Like hands down they will be the best ones because you wont be hit for all of your information just to use it. Nobody wants to pay taxes. Especially not teenagers.

[Anonymous No.9293639]

>>9293563
Ok dude, there is two version of the same dapp. One that lets people spy on you and costs a shit ton of money.

One that is free and private.

[Anonymous No.9293713]

>>9293639
Like the other guy said, normgroids still pay for netflix and didn't care about facebook spying until muh trump russia.

[Anonymous No.9293725]

>They will be the most popular. Like hands down they will be the best ones
So why is Coinbase still the most popular? And not just Coinbase but all the top exchanges? Where are all the huge exchanges/brokers that require no KYC?

>>9293639
Assuming neither have a big name behind them, the one that is free and private will become more popular. And then guess what happens next... ;)

[Anonymous No.9293857]

>>9293713
You are VASTLY fucking underestimating the massive berden it is to deal with knowing every single fucking upvote on social media means YOU OWE MONEY now.

Social media lives and dies by dopamine addiction. You will destroy your fucking platform the second you ruin that flow knowing that even if you dont cash out you are now obligated to pay fiat because some dude upvoted your picture of food.

Its not even CLOSE to the same thing as Netflix. This is a massive buzzkill. Nobody is going to want to subject themselves to that shit if there is a way around it. Especially not younger generations.

> So why is Coinbase still the most popular?

Shit argument, dapps are not fully realized yet.

> Assuming neither have a big name behind them, the one that is free and private will become more popular. And then guess what happens next... ;)

American government goes after some kid in china for copying pokemon. But since we never find out who he even is and it was probably a psiop by the Chinese government to fuck with America anyway.

nomikop continues and GROWS in popularity because of how butt hurt the adults were acting.

[Anonymous No.9293890]

>>9293857
Goddamn man, take a chill pill. Holy shit.

[Anonymous No.9293934]

>>9293857
>Shit argument, dapps are not fully realized yet.
muh dapps! yeah i'll believe in all these paradigm shifting dapps when i see 'em faggot.

What happens next is if it becomes popular enough and it's found to be trading large amounts of crypto it will be forced to comply. But realistically, what's going to happen is all the major gaming companies will start to develop and issue their own networks/tokens/dapps, and they will maintain their domination in the space. Do you think the likes of EA Sports and Nintendo won't comply with regulations? Nigga, they'll be a welcomed blessing to the SEC.

[Anonymous No.9293968]

>>9293934
>muh dapps! yeah i'll believe in all these paradigm shifting dapps when i see 'em faggot.

New paradigm Computers
New paradigm The Internet
New paradigm Social media
New paradigm Bitcoin
New paradigm dapps < --- YOU FUCKING WAIT UNTIL HERE TO SAY THIS SHIT?

[Anonymous No.9294011]

>>9293968
the actual new paradigm dapps will be what I explained - old established chad gaming/music/movie companies making their own and complying to regulation.

[Anonymous No.9294040]

>>9293934
>Do you think the likes of EA Sports and Nintendo won't comply with regulations?

Oh I cant wait until taxes get into the video game space. IRS speed dials the worlds best player for scoring a touchdown. That will be a play John Madden himself never saw coming.

They wont be going into this space because a game that forces taxation would be so fucking unpopular that it will make Horse Armor look like a relaxing dream when the world was still sane.

NO motherfucker EA wont be doing dapps LOL

[Anonymous No.9294075]

>>9294011
>old established chad gaming/music/movie companies making their own and complying to regulation.

So they can run themselves out of business and fire all of their employees. Remember that time Youtubers got along super well with legacy media? No? ME EITHER.

They will be butt hurt as fuck the entire time dapps start fucking with their space.

[Anonymous No.9294081]

>>9290439
because we're all pessimistic neets that always question our investments. however all this pessimism and constant questioning led to amazing investments to the likes of btc/eth/neo/eos/link

[Anonymous No.9294129]

>>9293857
why do people reddit space?
it takes so much longer to read on the chans.
not bothering with that wall of text unless I'd be assed enough to ctrl+ +

[Anonymous No.9294175]

>>9294129
>why do people reddit space?

Defiance!

Post modernism!

Every time I hit enter I say Abraham Lincoln was a racist!

[Anonymous No.9294193]

>>9294040
You do realise they already have networks and charge money for them right? And when people purchase games there they pay a tax on them? Microsoft already accepts Bitcoin. If you don't think the likes of Nintendo/Microsoft won't be exploring and moving into blockchain and tokenization you're being myopic.
>NO motherfucker EA wont be doing dapps LOL
Yeah, you absolutely sure about that one, bud? https://easports.io/

[Anonymous No.9294210]

>>9294193
*will be exploring

[Anonymous No.9294241]

>>9294193
>https://easports.io
HAHAHA rekkt

[Anonymous No.9294389]

>>9294193
Isnt going to pan out if they intend to use a speculative asset for gaming. That will mean taxes for getting loot and doing well in game.

They are exploring the idea but it will be a giant fucking pain in the ass for a company like that to change format.

[Anonymous No.9294517]

>>9294389
Tbf I'm not sure that ea one is a legit project or experimental lol. But there's definitely a buzz around blockchain and gaming right now and lots of gaming devs are looking to incorporate crypto into it

[Anonymous No.9294561]

>>9294517
It will be indie devs that make it work. The big boys will be hit with so many fucking problems it will be one of the funniest things ever.

It will be like micro transactions for every time you fucking kill another player. HAHAHA