Quite possibly.
IPO style coins and etc is basically the selling of unregistered securities and that's illegal. The same accusations can be said against premined and instamined coins as well, if the developers benefited financially through the sale of coins that they acquired unfairly ahead of everyone else through any work of their own such as premining coins ahead of launch, or instamining coins after launch through changing the coin's features, it probably counts as selling unregistered securities.
I am sorry I don't get what you are saying. Premine and instamine are illegal because they count as selling unregistered securities? How so? FINCEN could just bunch them altogether with the same case as Ripple. |
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For all those interested in proposed increase of the max block size, here's today's entry from Gavin's blog: http://gavinandresen.ninja/utxo-uhohUTXO uh-oh…I’m adding entries to my list of objections to raising the maximum block size as I run across them in discussions on reddit, in IRC, etc.
This is the technical objection that I’m most worried about:
More transactions means more memory for the UTXO database
I wasn’t worried about it yesterday, because I hadn’t looked at the trends. I am worried about it today.
... -------- As a bonus: M. Karpeless on the proposed changes: https://twitter.com/MagicalTux/status/596622731711352832?s=09So you think hard fork will not happen next year? |
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Posting accusations that are backed by evidence (different than proof) is not "trolling"
Posting negative comments is not "trolling"
Believing something is a scam that is / is not a scam is not "trolling"
Trolling is targeting a specific group to intentionally get certain reactions by pushing buttons. It is an art. Discussions, true or false accusations, evidence, warnings, negative comments, post "unrelated tax liens"
Know your internet verbage
But but some trolls are getting better in pretending that they are not trolls. It'san art as you said. Or they get multiple accounts pretending to be different people. Same trick different dog. Yeah. They even argue and troll the hell out of themselves just to get threads sidetracked. Very entertaining. |
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Posting accusations that are backed by evidence (different than proof) is not "trolling"
Posting negative comments is not "trolling"
Believing something is a scam that is / is not a scam is not "trolling"
Trolling is targeting a specific group to intentionally get certain reactions by pushing buttons. It is an art. Discussions, true or false accusations, evidence, warnings, negative comments, post "unrelated tax liens"
Know your internet verbage
But but some trolls are getting better in pretending that they are not trolls. It'san art as you said. |
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They can ban exchanges. But 'mining'? What do they care if I use my hardware for mining. It's none of their business.
Mining what? Some cryptocurrency just for fun? Seems like serious things are probably about to happen, so the question now is not if we will be free to mine whatever we can, but if cryptocurrencies will exist in the way they are now. Yeah. What if I mine VTC... What? What if BTC was still a worthless token costing less than a penny each... What? But you get the point.. I'd like to see FINCEN try shutting down miners all over the world. They can try. But that's about it. Maybe it's time for trading coins thru Open Bazzar when that goes online. Then a true decntralized exchange later. Night Trader was going to be the shit, but the dev got sidetracked. |
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Seals woth Clubs and Justcoin weren't scams.
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Cryptocurrency businesspeople are a hearty bunch. They deal not only with the ordinary anxieties of running a startup, but also with a lack of clarity on a whole range of fundamental legal issues. (Remember when people were still asking whether bitcoin was even legal?)
One upshot of this is that a number of companies – including many who have tried hard to comply with applicable laws – have found themselves either receiving investigative subpoenas or subject to civil or criminal enforcement action.
The recent Ripple Labs fine, along with comments from FinCEN director Jennifer Shasky Calvery, suggest that this trend is on the upswing.
Since regulatory uncertainty is likely to persist for some time, here’s a primer on things to consider when the US government knocks at your door (either figuratively or literally).
http://www.coindesk.com/government-knocks-your-door-bitcoin/ |
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Yeah. Especially if it's POW. Can't be shutdown.
It can be effectively shutdown. Just make mining, holding, buying, selling, accepting, and exchanging it illegal. +1 PoW, PoS or whatever, they will be after it. They can ban exchanges. But 'mining'? What do they care if I use my hardware for mining. It's none of their business. |
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I'm kinda smiling, but guess what might happen with so called "anonymous" coins.
You mean POW coins with anonymous devs? FINCEN will surely have a handful with those.  No, I mean those who are trying to be "anonymous". How do you think authorities will feel about some cryptocurrency, which tries to hide transactions and such?  Yeah. Especially if it's POW. Can't be shutdown. |
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I'm kinda smiling, but guess what might happen with so called "anonymous" coins.
You mean POW coins with anonymous devs? FINCEN will surely have a handful with those. |
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Read this post by ArcticMine Here is the Ripple agreement. http://www.justice.gov/sites/default/files/opa/press-releases/attachments/2015/05/05/settlement_agreement.pdf Well worth reading especially Appendix A. My take is that a fairly launched POW coin (no pre-mine, insta-mine or ninja-mine) is likely safe. So would a proof of burn such a Counterparty. The rest could easily be currently under investigation. If they are working their way down the market capitalization list, it will be very interesting to see how they react to DASH. I would also suspect Ethereum is in the cross hairs not only of FinCEN but also of the SEC. If Fincen starts going after IPO/ICO/presaled coins, do you think the future of crypto is in Proof of Work? |
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Here is the Ripple agreement. http://www.justice.gov/sites/default/files/opa/press-releases/attachments/2015/05/05/settlement_agreement.pdf Well worth reading especially Appendix A. My take is that a fairly launched POW coin (no pre-mine, insta-mine or ninja-mine) is likely safe. So would a proof of burn such a Counterparty. The rest could easily be currently under investigation. If they are working their way down the market capitalization list, it will be very interesting to see how they react to DASH. I would also suspect Ethereum is in the cross hairs not only of FinCEN but also of the SEC. I was starting to think this. So I guess the future of crypto is in POW..? |
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Demo Day Recap: 5 Boost VC Bitcoin Startups on the RiseReveal "Coin-first is the new mobile-first." Such was the opening salvo of Reveal CEO Matt Ivester's enthusiastic introduction to Reveal, a social networking company billed as the first to use its own integrated cryptocurrency, revealcoin, which is an asset on the Stellar network. The founder of college gossip website JuicyCampus, Ivester had reason to be confident at the event, having already closed the majority of its seed funding from investors including Resolute Ventures and Bitcoin Opportunity Corp. While light on technical details, the pitch seems telling of the company's strategy to come. Reveal has so far sought to target everyday teenagers outside the bitcoin community while courting unidentified "social media celebrities" to the service. "We believe that users should share in the value they help create," Ivester said. "We can do things that no other social network can. We can create true community ownership, we can directly incentivize viral growth." Designed for quick sharing, Reveal allows users to design two-layer messages, the first of which can be peeled away to reveal a picture or drawing. Reveal aims to monetize through a similar strategy as the messaging service GetGems, mandating advertisers on the network pay with revealcoin. Users can in turn earn revealcoin for promoting the network, interacting with ads or by reading priority messages from other users. "We can solve spam, access and messaging," Ivester said. "Eventually we can be the way millions of teens are introduced to cryptocurrency." Reveal is currently operating in beta with an eye to launch this fall. Complete article here http://www.coindesk.com/boost-vc-tribe-5-demo-day
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Are the NXT people in contact with the officials of Greece? I think that should be the first step.
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could ripple be the new bitcoin and go up in value?
Ripple as a 'protocol' is gone. Sell. |
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Not until he files a lawsuit.
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Stellar Report: Stellar.im, Bitcoin Indonesia, and South Africa
Bitcoin Indonesia now supports the stellar. Folks can use IDR to get stellars.
Stellar Educator Vanessa taught a workshop on reimagining the future of money. Attendees came up with creative models of currency to think about how we might improve financial systems.
Professor David Mazičres gave a talk on the Stellar Consensus Protocol at Stanford’s annual security workshop.
Stellar cofounders Jed and Joyce visited South Africa and spoke at MIH Media Lab at Stellenbosch University.
Complete blog here https://www.stellar.org/blog/ |
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