More bullshit from you. Now you are trying to fear monger people into thinking that all government is bad and we should never obey the law because...who the fuk knows why? Im not a big fan of government, but am I a fan of full disclosure and filing proper paperwork and bonds to insure that people don't get ripped off? Hell yes. Anyone who keeps repeating that government is bad bad bad because they dont want to file the correct paperwork and disclosures is obviously hiding something. You are a cockroach, I read some of your previous posts and you obviously have an interest in ethereum being successful so you are willing to tell people that they are government lovers if they want transparency. Frack you.
It costs $800,000 in legal costs and filing fees to do an IPO. This money is much better used to fund development than to feed parasites. Your content, vocabulary, and grammar all reveal an incredible lack of class. So you are saying your company refuses to comply with rules and regulations to save money for development? LMAO you just made me laugh in public. A venture capitalist could fund twenty coins like ethereum with 36 million and have money left over for a Mercedes for every employee. Why don't you just raise 36.8 million who the fuk would notice anyways? Whats another 800,000 among strangers, at least people would have peace of mind and know what they are getting into. You are not only rude and crass but you are ignorant as well. A rule of thumb, any company that refuses to comply with regulations to save money or save in fees. If it is that easy to deceive the government, how much easier to steal your money? Companies that skirt laws from inception will never last long. Rule number two: Never fuckin invest a dime into a company when the principle owners dont have one cent invested. Rule number three: Trust but ALWAYS verify 1: This is the crpto market you dumbass, firm regulations are not established 2: please post your proof that princple owners have not invested "one cent" 3: you are neither trusting, or awaiting the inevitable verification that will drop on the ipo. 9/10 on your fud skills based merely on the fact that you have persistance in your 3 hour campaign of tomfoolery I only heard about this project today, but your posts are laughable. Healthy skepticism is one thing and to be encouraged, but you seem to be coming at this with an agenda 1/ LMAO if you think that crypto get a magical exception from from crowd fundraising you are mistaken. Call your state attorney general, SEC or the US attorneys office. 2/ The owners have zero risk in the whole and there is no denying this, I don't understand what you can prove here. 3/ You must be high because I didn't understand a word of that sentence. Trust but verify is one of the oldest rule of thumbs in the financial industry. 4/ I feel like Im countering a 12 year oid kid so I will pass on your comments in the future. |
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More bullshit from you. Now you are trying to fear monger people into thinking that all government is bad and we should never obey the law because...who the fuk knows why? Im not a big fan of government, but am I a fan of full disclosure and filing proper paperwork and bonds to insure that people don't get ripped off? Hell yes. Anyone who keeps repeating that government is bad bad bad because they dont want to file the correct paperwork and disclosures is obviously hiding something. You are a cockroach, I read some of your previous posts and you obviously have an interest in ethereum being successful so you are willing to tell people that they are government lovers if they want transparency. Frack you.
It costs $800,000 in legal costs and filing fees to do an IPO. This money is much better used to fund development than to feed parasites. Your content, vocabulary, and grammar all reveal an incredible lack of class. So you are saying your company refuses to comply with rules and regulations to save money for development? LMAO you just made me laugh in public. A venture capitalist could fund twenty coins like ethereum with 36 million and have money left over for a Mercedes for every employee. Why don't you just raise 36.8 million who the fuk would notice anyways? Whats another 800,000 among strangers, at least people would have peace of mind and know what they are getting into. You are not only rude and crass but you are ignorant as well. A rule of thumb, any company that refuses to comply with regulations to save money or save in fees. If it is that easy to deceive the government, how much easier to steal your money? Companies that skirt laws from inception will never last long. Rule number two: Never fuckin invest a dime into a company when the principle owners dont have one cent invested. Rule number three: Trust but ALWAYS verify |
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More bullshit from you. Now you are trying to fear monger people into thinking that all government is bad and we should never obey the law because...who the fuk knows why? Im not a big fan of government, but am I a fan of full disclosure and filing proper paperwork and bonds to insure that people don't get ripped off? Hell yes. Anyone who keeps repeating that government is bad bad bad because they dont want to file the correct paperwork and disclosures is obviously hiding something. You are a cockroach, I read some of your previous posts and you obviously have an interest in ethereum being successful so you are willing to tell people that they are government lovers if they want transparency. Frack you.
Your content, vocabulary, and grammar all reveal an incredible lack of class. Your entire persona reveals the type of character that will sell their soul to make a quick buck. You will obviously lie and accuse people of false accusations and use fear and ridicule to make your points. I see right through your silly ploy and you are the type of guy that makes me want to vomit. I'm sorry for my language but I have a hard time controlling my emotions when I meet people that are insincere and try to act like they are righteous I have not said one word to you and you have obviously attacked me several times for no reason. i don't know who you are and what you are and what the real purpose of your attacks are but please leave me alone. |
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Silly meaningless passive inspirational quotes. Full of sound and fury with absolutely no meaning. Worthless in every way because you have a vested small time interest in making a profit. If you lose a btc who cares right but 36 million as a whole community? If you had that kind of money you would never invest 36 million into the coin unless there was proper due diligence, bond and the assurance that all regulatory laws were followed. And yet out of your selfish greed to make a quick short buck you are advocating the entire bitcoin community to invest 36 total million dollars without oversight. cockroach.
If you want the government to decide everything for you and protect every decision you make, go live in a mental asylum. Take some responsibility and do your own research. If you don't like the project, have the respect for others and dignity to leave and stop dirtying everything with disinformation. Every post you make is identical. We've told you a million times now that the $36m figure is a way off, but you refuse to listen. It's also been said numerous times that a prospectus will be released. This isn't equity, but you ignore that too. +1 Actually, for me personally, the less people invest, the better. I want to see as little dilution of my investment as possible. The 36 million is a high market cap, and meant to allow as many people to participate as possible up to a point beyond which further investment would dilute investment without the organization being able to use it to bring the product to market and add more features any faster, reducing the rate of ROI. My concern is that people like gutshot5820, who feel they are qualified to make decisions for the rest of us with their crap 20th century laws, which stifle innovation, and lock out small time investors from participating in seed rounds, while protecting established crony interests, will scare off the project from offering this opportunity to the public. Believe me, they don't have to - they already have plenty of qualified investment which would be SEC compliant. This almost happened with eMunie. Again, please leave - not just this thread, but this forum. More bullshit from you. Now you are trying to fear monger people into thinking that all government is bad and we should never obey the law because...who the fuk knows why? Im not a big fan of government, but am I a fan of full disclosure and filing proper paperwork and bonds to insure that people don't get ripped off? Hell yes. Anyone who keeps repeating that government is bad bad bad because they dont want to file the correct paperwork and disclosures is obviously hiding something. You are a cockroach, I read some of your previous posts and you obviously have an interest in ethereum being successful so you are willing to tell people that they are government lovers if they want transparency. Frack you. |
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I think there is a general sentiment that this deal for ethereum is just a scam to make their principals and friends rich. The traders in coins are smarter than you think. You can't just verbalize government fearmongering to replace solid transparency and documentation. People are generally fair, especially traders and they know when they are getting screwed.
The same two or three guys that are trying to pump up the coin and discredit anyone who questions the transparency or legality of the coin remind me of the shills on health care websites. They act like they are customers and pump and pump their product and only later I realized they are company employees and pretty much the same one or two guys shilling for their company and interests. The more aggressive they become, the more I realize they are full of shit.
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Silly meaningless passive inspirational quotes. Full of sound and fury with absolutely no meaning. Worthless in every way because you have a vested small time interest in making a profit. If you lose a btc who cares right but 36 million as a whole community? If you had that kind of money you would never invest 36 million into the coin unless there was proper due diligence, bond and the assurance that all regulatory laws were followed. And yet out of your selfish greed to make a quick short buck you are advocating the entire bitcoin community to invest 36 total million dollars without oversight. cockroach.
If you want the government to decide everything for you and protect every decision you make, go live in a mental asylum. Take some responsibility and do your own research. If you don't like the project, have the respect for others and dignity to leave and stop dirtying everything with disinformation. Every post you make is identical. We've told you a million times now that the $36m figure is a way off, but you refuse to listen. It's also been said numerous times that a prospectus will be released. This isn't equity, but you ignore that too. Wow thats just a goddamn silly ass story, you know what I think you are a liar, thats my opinion. You are trolling up and down this board trying to pump up the coin and for what? Government fear mongering? Is that your attempt to divert people from the truth that these guys are avoiding transparency and the SEC by breaking who knows how many countless laws. These laws were created to protect people from fraud. Yea you know what? the fracking police is part of the government and so is your mailman? What the fuck does that have anything to do with Euretheum trying to raise 36 million from complete strangers without a single piece of documentation outside of a youtube video? |
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I don't know how long has you been involved with bitcoin but the sooner you understand that bitcoin and decentralized network is not compatible with current law framework the better you understand why things are the way they are. Take the red pill and be free or go back to your current comfortable existence of investing in sp500 there is no issue with the fund raise. People are free to spend their money as they choose
also who said it occurs in us jurisdiction.
Not true, there are laws regarding transparency and compliance when people are trying to raise millions of dollars from strangers...in order to prevent fraud. There will be similar laws in most countries and Canada if Im not mistaken is much tougher than US when it comes to crowdfundraising. And why, who cares what jurisdiction they are in, if they are asking for 36 million from total strangers before they even open for business they should spend a few hundred thousand to provide assurances that they are in legal rights in each country they do business with and file all the necessary regulatory documents. If they are not hiding anything or worried why would they care what jurisdiction they are in? +1 And I have no vested interest in Ethereum beyond wanting to participate in the pre-sale. gutshot5820 repeatedly invokes US regulations and seeks to impose them on a global marketplace. He does not comprehend the whole purpose of crypto assets and so does not belong in this community. He should go back to his safe little 'empire in decline' and enjoy his illusion of safety and security while it still lasts. "Those who would sacrifice their liberty for security deserve neither." Silly meaningless passive inspirational quotes. Full of sound and fury with absolutely no meaning. Worthless in every way because you have a vested small time interest in making a profit. If you lose a btc who cares right but 36 million as a whole community? If you had that kind of money you would never invest 36 million into the coin unless there was proper due diligence, bond and the assurance that all regulatory laws were followed. And yet out of your selfish greed to make a quick short buck you are advocating the entire bitcoin community to invest 36 total million dollars without oversight. cockroach. |
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You two keep hamming it away with each other, Personally I think both of you are a complete joke. Anybody who hassles people for questioning the legitimacy of requesting 36 million online from complete strangers is either getting paid as a shill by the company or has no sense of reality.
You have to be fuckin absolutey living in a bubble for hassling people that are questioning the legality of a totally strange entity asking strangers on the internet based off a youtube ad to invest up to 36 million. Why dont you sell your home and car and give them all of your own money before asking the bitcoin community to give them 36 million upfront with no risk. LMAO you are classic, you must think everyone on here is dumb that questions their motives. I think its the exact opposite.
Please leave. There is no value to your existence. Why don't you leave? What kind of idiot encourages people to invest millions based off a youtube ad? What is the harm in demanding more transparency and compliance with regulations? Do you buy a used car without checking the the engine or if a guy tries to sell you a diamond on the street do you immediately pay him based on his looks? I highly doubt it, even small investments you would take the time to check it out before you handed over a single dollar. And here you are apparently advocating everyone in the bitcoin community to give these guys millions with zero transparency or insurance that they are in compliance with laws. So if for some reason they disappear once the money is transferred what then? You and everyone will start crying because you didn't realize what you were getting in to. ARe you going to guarantee everyone's money with your pitiful life savings? Not going to happen to you right? Sure when its not your fracking money what do you care? But if you you were going to buy anything worth of any remote value you would make sure that you are not getting scammed. In a public forum where your money is not at risk, now its ok to just plow million into this entity with absolutely no assurance of whats going on? Hypocrite, lets see you do this type of business deal everyday in your business life. You dont fukin care right now and talk shit because it wont be your money and if you do, it will be a small negligible amount. Edit: read your previous posts, now it all makes sense. You have a vested interest in this coin succeeding. No wonder you made that comment. Only a shill or someone with principal interest would damn someone for questioning why there isn't more transparency for an entity asking for 36 million from internet strangers. They are NXTers. And low tier to boot. They are followers; you can't expect them to question authority. I for one thank you for wording my doubts. 30,000 BTC or 300 BTC, does not matter - there is no wrong question when you're asking other people's money. but if you're dealing with 30,000 BTC, no stone should be left unturned within legal and contractual framework. LOL at all these requests. Here the disclaimer comes first. I am not investing a single cent in Ethereum for some other reasons. But You guys are clueless about Bitcoin and crypto movements in general. Crypto movements are grey areas, if the government understand them a bit more they will probably ban them outright. So you are pretty much on your own because you cant request them to provide you the impossible. If in the future Ethereum, and also NXT prove to be viable and working well; then all current fundraising, IPO laws, financial regulations, capital movement restrictions are going to be re-written. If these laws hold strong, then that would mean all of these protocols will be banned. Either ways anything you are requesting now will be useless. First rule of crypto invseting: only invest what you can afford to lose. Oh great thanks for clarifying things, if you say it, it must be true. Believe it or not, there are rules governing crowdfundraising 36 million dollars. Just because they are not complying doesn't mean they are acting legally. And so nice of you to let everyone know you will nothing to do with this coin, but oh yea go ahead and invest as much money as you want because buyer beware. That's not how it works in the financial community, It's follow all regulations according to your federal law regarding crowd fundraising, file the appropriate documents, get verified and bonded and then release full disclosure transparency to all interested investors. They lost their small time, we are just coin devs privilege once they decided to fundraise 36 million dollars. Now, yes they can skirt the laws and unless someone actually starts an investigation, they can get away with it. But believe me, if they did not follow proper procedure and someone loses even a bit of money they can get sued or shut down by the government, doesn't matter what country they operate out of. That's why anyone thinking of investing a sizeable amount should think twice before investing a dime presale. If they get shut down, guess who is long gone with their bitcoins. So yea you are proving my point, buyer beware, but if some strangers are asking you for 36 million and a pot of gold, dont you think it would be prudent to ask for due diligence? Is everyone so blinded that they are just willing to ignore a simple principle to trust but verify? Sick people. |
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LOL there were a lot of sellers waiting in the weeds...that was good for another laugh..couldn't wait five minutes to chomp on the wall. Im glad though because its a real wall and obviously anyone buying that much btc is in it for the long haul. Takes more sellers off the market so we get less roadblocks on the way up.
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In this post, it says there will be a legally reviewed prospectus come IPO time. If it looks legit, there you have it. If it doesn't, don't invest.
LMAO at any prospectus provided by this entity, it will read like an advertising marketing pamphlet, that I can guarantee. Prospectus will not be worth the paper they are written on unless they are sanctioned and approved by the SEC. Obviously that is not going to happen. |
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In this post, it says there will be a legally reviewed prospectus come IPO time. If it looks legit, there you have it. If it doesn't, don't invest.
Are you stalking me? LMAO you are in all my posts. No Im not judging this company or the validity of its tech. I am asking for complete transparency and assurances they are abiding with the regulations for each country they do business with. No, Im not fucking white knight or some tech geek trying to change the world, wtf is your problem? All Im asking is that an unknown company that is asking for 36 million from complete strangers to hire some goddamn lawyers, get a bond, lay out their business plan, provide background checks for their principal owners..you know things most sensible banks do now? Remember the no doc mortgages? That screwed people for years and that is for a small home loan. Apparently you are advocating the entire bticoin community to give them a no doc 36 million cash gift. I have a problem with that. LMAO We all want to make money on these coins but when someone says gimme 36 million before I launch, they better have everything audited and legal dont you think that makes sense? |
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difficulty is going up fast  "Computer; Mine faster!!" *sound of whip* That won't work,I have already tryed  kkk I laughed. |
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there is no issue with the fund raise. People are free to spend their money as they choose
also who said it occurs in us jurisdiction.
Not true, there are laws regarding transparency and compliance when people are trying to raise millions of dollars from strangers...in order to prevent fraud. There will be similar laws in most countries and Canada if Im not mistaken is much tougher than US when it comes to crowdfundraising. And why, who cares what jurisdiction they are in, if they are asking for 36 million from total strangers before they even open for business they should spend a few hundred thousand to provide assurances that they are in legal rights in each country they do business with and file all the necessary regulatory documents. If they are not hiding anything or worried why would they care what jurisdiction they are in? |
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You two keep hamming it away with each other, Personally I think both of you are a complete joke. Anybody who hassles people for questioning the legitimacy of requesting 36 million online from complete strangers is either getting paid as a shill by the company or has no sense of reality.
You have to be fuckin absolutey living in a bubble for hassling people that are questioning the legality of a totally strange entity asking strangers on the internet based off a youtube ad to invest up to 36 million. Why dont you sell your home and car and give them all of your own money before asking the bitcoin community to give them 36 million upfront with no risk. LMAO you are classic, you must think everyone on here is dumb that questions their motives. I think its the exact opposite.
Please leave. There is no value to your existence. Why don't you leave? What kind of idiot encourages people to invest millions based off a youtube ad? What is the harm in demanding more transparency and compliance with regulations? Do you buy a used car without checking the the engine or if a guy tries to sell you a diamond on the street do you immediately pay him based on his looks? I highly doubt it, even small investments you would take the time to check it out before you handed over a single dollar. And here you are apparently advocating everyone in the bitcoin community to give these guys millions with zero transparency or insurance that they are in compliance with laws. So if for some reason they disappear once the money is transferred what then? You and everyone will start crying because you didn't realize what you were getting in to. ARe you going to guarantee everyone's money with your pitiful life savings? Not going to happen to you right? Sure when its not your fracking money what do you care? But if you you were going to buy anything worth of any remote value you would make sure that you are not getting scammed. In a public forum where your money is not at risk, now its ok to just plow million into this entity with absolutely no assurance of whats going on? Hypocrite, lets see you do this type of business deal everyday in your business life. You dont fukin care right now and talk shit because it wont be your money and if you do, it will be a small negligible amount. Edit: read your previous posts, now it all makes sense. You have a vested interest in this coin succeeding. No wonder you made that comment. Only a shill or someone with principal interest would damn someone for questioning why there isn't more transparency for an entity asking for 36 million from internet strangers. |
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The sell wall is funny wow some traders really playing with this coin
0.00020100 201 0.040401
0.00020200 202 0.040804
0.00020300 203 0.041209
0.00020400 204 0.041616
0.00020500 205 0.042025
0.00020600 206 0.042436
0.00020700 207 0.042849
0.00020800 208 0.043264
0.00020900 209 0.043681
0.00021000 210 0.0441
0.00021100 211 0.044521
0.00021200 212 0.044944
0.00021300 213 0.045369
0.00021400 214 0.045796
0.00021500 215 0.046225
0.00021600 216 0.046656
0.00021700 217 0.047089
0.00021800 218 0.047524
You realize this is one guy trying to sell all his coins and thinks he is outsmarting everybody? the only thing he gains by doing this is making sure the price of Klondike stays depressed. What kind of idiot does this? Yes we know its one person quite a big day trader cant really call him an idiot if he makes money... A big day trader? I own over 20K Klondikes and dont have the time or inclination to do something this foolish. Show me a day trader than can make more money off of trying to buy and sell(daytrade) a new coin that has little volume and I will show you a liar. |
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The sell wall is funny wow some traders really playing with this coin
0.00020100 201 0.040401
0.00020200 202 0.040804
0.00020300 203 0.041209
0.00020400 204 0.041616
0.00020500 205 0.042025
0.00020600 206 0.042436
0.00020700 207 0.042849
0.00020800 208 0.043264
0.00020900 209 0.043681
0.00021000 210 0.0441
0.00021100 211 0.044521
0.00021200 212 0.044944
0.00021300 213 0.045369
0.00021400 214 0.045796
0.00021500 215 0.046225
0.00021600 216 0.046656
0.00021700 217 0.047089
0.00021800 218 0.047524
You realize this is one guy trying to sell all his coins and thinks he is outsmarting everybody? the only thing he gains by doing this is making sure the price of Klondike stays depressed. What kind of idiot does this? |
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Just click the Ignore button and/or STOP quoting them fools!  You're right. I feel like an idiot for trying to reason with people. The Bitcointalk community is turning into a joke. The sooner serious projects move away from here the better if this is the treatment they get. You two keep hamming it away with each other, Personally I think both of you are a complete joke. Anybody who hassles people for questioning the legitimacy of requesting 36 million online from complete strangers is either getting paid as a shill by the company or has no sense of reality. You have to be fuckin absolutey living in a bubble for hassling people that are questioning the legality of a totally strange entity asking strangers on the internet based off a youtube ad to invest up to 36 million. Why dont you sell your home and car and give them all of your own money before asking the bitcoin community to give them 36 million upfront with no risk. LMAO you are classic, you must think everyone on here is dumb that questions their motives. I think its the exact opposite. |
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Let me put this simply, if it was your 36 million they were asking from you, would you just hand it over to them based on a youtube video and message board on Bitcointalk? Hell no, nobody would and if you did even consider it you would hire a consulting company to go through every individual , financials,business plan with a fine tooth comb. And then you would probably pass anyways.
What I ask you is this, why should you expect less from the entire Bitcoin community? Is it because you are only planning to invest a hundred dollars and who cares if I lose that? You should care because an investment of this size sets a precedent. Original Bitcoin had no pre-sell, no pre-mine it was truly a revolution and changed the world. You went from no pre-mine to a small pre-mine but no pre-sell,, then you wen to small pre-mine and small pre-sell, then small pre-sell and large pre-mine. Now these guys are going for the homerun, huge pre-sell and huge pre-mine.
We have been conditioned slowly and surely to accept larger penalties bit by bit and now they just expect us to roll over and hand them money to become millionaires before they even launch, Thats seriously fuked up. Bitcoin was meant to be free and these guys are just making slightly different versions of it to capitalize on making money. Which is fine UNTIL you flat out ask for 36 million in capital. That is where you have to draw the line and I believe they cross boundaries from having people mine coins and trade them on an exchange to a full blown attempt at monetizing from the bitcoin hype. But here is where they cross the line with the government and SEC...they are now entering a whole new ballgame and trying to pass it on as just another coin.
NOT. When you start asking for 36 million up front, thats not a coin anymore, you have to register with the proper agencies in all the countries you do business with. If you are going to make 36 million without even launching there HAS to be due diligence and proper procedures to prevent fraud.
I certainly see your point. But I must respectfully ask if you reported the NXT and MasterCoin and BitShares founders to the SEC/US Attorney? Didn't all of them ask for money up front, in exchange for "coins" later? What's the difference, other than the amount of money that's being raised? (Which is $24 million and not $36 million as you say. Why should we trust your judgement when you can't even get the math right?) Im not sure tbh, Im focused on this coin right now and have no interest in saving the entire world. But there is a difference between asking for small cash outlay for marketing, start-up etc..a million or two with a large team of devs, maybe you can understand but when you start talking about 36 million you are talking huge start-up capital. The difference between small claims court and federal court. Believe me, the government agencies look at the size of these fake IPO's differently by dollar amounts. This is in a category of its own. |
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You talk about US laws. But US highest laws this is constitution states that presidential candidate must be American also that issuing of legal currency can be done only by country not by private company like FED, that national currency should be backed by value and not created from thin air and that country can go on war only with congress permision.
So how can you talk about need to obey laws by common citizens while there in USA even constitution is violated on daily basis LOL There even isn't any legal president there... when law isn't obeyed on higher level than it is a joke not a law.
Is that your argument? "sigh" I'm not denying there are things that USA does that could be viewed in a negative light. What am I doing here? Im just trying to shine a light on what is happening here specifically with Ethereum There should be open discussion as to whether they are following proper procedures and regulations for an"IPO" of this size. You may feel secure now, but there have been millions of people that have been scammed and misled by companies trying to cash in with minimum transparency. There should be robust discussion on the merits of every single individual involved with this coin. At minimum you should be asking for the type of documents US law requires for a one million dollar crowdfunding. Business plan, list of all the parties with controlling interest, their role, background, how much they are getting paid and for what type of work, market competition, risk factors, etc..This is a request for 36 milion, NOT a few thousand. Any company that has the nerve to ask a bunch of strangers to invest 36 million should have theirs financials in order, provide a insurance that they are on compliance with all laws, etc..The fact that people can blindly and willingly defend the practice of requesting millions of dollars without any extensive due diligence or paperwork is mind-boggling at best. God gave them free will and brains. If they are confortable taking this risk then it's their independent decission with all consequences also losses are natural part of risk they take. No third part has anything to do with their suvereign decissions and their own money they put on stake. Also people learn on mistakes so let them learn because it is their right too. But you are free to advice them too and show the risk but in the end they need to use their own heads. As for creators i would on their place look for possibilities in other countries... since even if internet is free place yet servers and their pc's placement not neceserily But if they gather bitcoins isn't it different than us dollars? Is it already a legal currency in USA ? No, you are 100% percent entirely wrong on this matter. Just because this is a free market does not give an entity the right to raise 36 million without any transparency. Your type of thinking allowed millions of regular people, seniors who know nothing about financing get scammed into buying or investing in crap and basically get scammed. Free market is great as long as there is COMPLETE transparency for people to make up their own mind. When transparency is hidden or avoided, it allows people a free rein to manipulate and use you. So yeah free market and freedom of choice is great, as long as we know wtf we are buying, You want to give these guys 36 million dollars based on a youtube ad and 2 for 1 sale? Yea right you would never do it, you are only saying this because ts not your money so you could give a shit. Let people blow their money if they want, but with full disclosure and transparency, why is that such a hard concept to grasp? |
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Let me put this simply, if it was your 36 million they were asking from you, would you just hand it over to them based on a youtube video and message board on Bitcointalk? Hell no, nobody would and if you did even consider it you would hire a consulting company to go through every individual , financials,business plan with a fine tooth comb. And then you would probably pass anyways.
What I ask you is this, why should you expect less from the entire Bitcoin community? Is it because you are only planning to invest a hundred dollars and who cares if I lose that? You should care because an investment of this size sets a precedent. Original Bitcoin had no pre-sell, no pre-mine it was truly a revolution and changed the world. You went from no pre-mine to a small pre-mine but no pre-sell,, then you wen to small pre-mine and small pre-sell, then small pre-sell and large pre-mine. Now these guys are going for the homerun, huge pre-sell and huge pre-mine.
We have been conditioned slowly and surely to accept larger penalties bit by bit and now they just expect us to roll over and hand them money to become millionaires before they even launch, Thats seriously fuked up. Bitcoin was meant to be free and these guys are just making slightly different versions of it to capitalize on making money. Which is fine UNTIL you flat out ask for 36 million in capital. That is where you have to draw the line and I believe they cross boundaries from having people mine coins and trade them on an exchange to a full blown attempt at monetizing from the bitcoin hype. But here is where they cross the line with the government and SEC...they are now entering a whole new ballgame and trying to pass it on as just another coin.
NOT. When you start asking for 36 million up front, thats not a coin anymore, you have to register with the proper agencies in all the countries you do business with. If you are going to make 36 million without even launching there HAS to be due diligence and proper procedures to prevent fraud.
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