I reckon Brian Kelly did not consider the impact of the SEC's decision on if ETH is an illegal security or a utility token. If they do then it would mean the end of the cryptospace in America and it might have a bad longterm effect on the price of all cryptocoins, not only ETH.

The decision is supposed to be today, but I do not know what time.

All of you should read the news more because the cryptospace's future is in a delicate situation. Today the USA's SEC will decide if ETH is a illegal security or not. If they say that it is then that will the end of all the cryptospace development in America. Exchanges too will be liable for listing ETH and other tokens categorized as securities.

What would happen to Ethereum Classic if Ethereum was considered a security by the SEC? Technically was Ethereum not the fork and Ethereum Classic the original? Shouldn't the SEC instead go after Ethereum Classic?

This is a very confusing matter and, for me, something the SEC cannot handle. The future of the cryptospace should not rest on the decision of a group of people who do not know anything about it.

I hope the USA's SEC knows what would possibly happen if they categorize ETH as a security. It would scare away the innovators from their country and continue on with their projects in other welcoming countries like Switzerland.

I have been a critic of Ethereum because I disagree in some of the ways the Ethereum Foundation handled the DAO and the promises made by their development team that may not happen, like the switch to POS. But it does not mean I want to see them go down.

In any case, I wish Ethereum would be give safe harbor. They should be given space to innovate I reckon.



“When you depart from the bitcoin or the ethereum, and you get into the tokens, the hallmarks become pretty clear.”

So said Jay Clayton, Chairman of the Securities and Exchanges Commission (SEC) in November. Then, only a few weeks ago during a hearing, he said:

“It’s a complicated area. Because, as you said, there are different types of cryptoassets. Let me try and divide them into two areas.

A pure medium of exchange, the one that’s most often cited, is Bitcoin. As a replacement for currency, that has been determined by most people to not be a security.

Then there are tokens, which are used to finance projects. I’ve been on the record saying there are very few, there’s none that I’ve seen, tokens that aren’t securities.”

Whether tokens are securities or not, has not been decided by any court. SEC’s interpretation that they are, is just an interpretation by some lawyers. Other lawyers have different interpretations.

In the context of a criminal case, one such lawyer has put forth some strong reasons as to why some tokens are not a security.

It is a criminal case, and the judge sits in the FISCA court, and it is being heard in Wall Street’s New York, so it wouldn’t surprise us if the judge decides the token is a security.

However, as this is a new area, and the judge would in effect be making a new law by interpreting old law, it would probably, or at least hopefully, be appealed whichever way it goes up to the Supreme Court so that the most senior judges of the land give their verdict on this very important matter.

With that case in the background, cynicnodes would be faulted for thinking SEC might be playing games by recent suggestions they are to discuss tomorrow whether eth is a security.

They could be trying to “scare” us by bringing ethereum to the table and potential classification as security so that we “accept” that actual tokens are a security.

Although it may well be their discussion is following a request by a number of Silicon Valley based Venture Capitalists for “safe harbor” for tokens that then have a running network or functionality.

Generally speaking, there is no reason to accept tokens are a security without a Supreme Court judgment or by a new law from Congress.

Read the full article https://www.trustnodes.com/2018/05/06/big-day-eth-secs-chairman-already-stated-ethereum-not-security

Yes we should but that is not the point. I am asking, objectively, is Aeon a shitcoin? Are we the only people loving it because we hold it?

@boomboombazookajeff. Yes, I have to be honest that the only reason I am still holding Aeon is because of smooth and stoffu because I trust them, and they are the only developers who can get Aeon out of shitcoin status if it was that,

If he truly believes it then he is incompetent and blind. But if he is doing it only for the sake of increasing value then he is trying to scam everyone.

Also, it should matter. The community has already taken more than enough from their scams and criminal behavior.

Aeon is now down under 20k satoshis. I cancelled my remaining orders to buy on and below 15k satoshis. I reckon if it goes down there it might take another long time to go back over 20k

I am very disappointed in Aeon's performance in the market.

I was thinking about this over this weekend. Are we the shitcoin? I criticize Ethereum and other cryptocoins for being centralized but I have not looked at the coin I support more objectively.

We have low market capitalization, a very low volume orderbook and the code is very outdated, but soon will only be a Monero copycat.

Also, if I wanted to dump all my coins, I can't because it would crash the price. I am not saying I am a whale. It will not take that much to crash Aeon.

Yes but Ronda had the special attractiveness and the charm that brought women's MMA to the spotlight. If it was not her, I reckon women's MMA would not be as popular today.

No it is not about a blockchain's specification. It is about how much hashrate a cryptocoin has. If it is higher, then naturally it is more secure because it would make an attacker spend more to attack the blockchain, than the potential reward for attacking. Smaller hashrate coins are less secure and takes less to attack. Therefore more confirmations are needed.

This is an old trick used in the past to pretend to ask about good and legitimate cryptocoins and they also include some of their scamcoins in the sentence to make it appear that they are good and legitimate too.

I reckon it was easier to do in the past because the scamcoins during that time were POW mined, had real working code, a network of nodes and a small community. Today they are nothing but tokens generated somewhere.

@faruk34. Aeon will rise, but not as high as the other bigger projects. I reckon it would be better for you to lower your expectations. Aeon is not a coin for making you rich as quickly as possible. It is a coin for community building and real world usage like bitcoin.

@snapee11. No bitcoin is at the top because it is the most used and most widely accepted cryptocoin in the world. It is also the safest and the most secure to use. One confirmation for a bitcoin transaction would be enough, others need more to be considered safe.

Another chance to be the headliner, you mean? Yes, but Amanda will not be as big as Ronda Rousey like how Amanda thought she would be after winning the belt and winning versus Ronda.

I wish Ronda transferred to another training camp and became a better MMA fighter. It would be better for the sport.

Also I wish Raquel wins hehehe.

@thefaucetrunner. Hehehe you are not a real investment banker without the matching man bun.

Yes, the futures market for bitcoin is only the start. When they start holding real bitcoins and other cryptocoins, then start selling weird blockchain investment derivatives, the cryptospace will be in a bigger bubble than it was last year and then it will crash. I reckon it might also cause an economic depression if the bubble is big enough.

Alexis Ohanian might have overestimated Ethereum's ability to to be a platform for decentralized applications. Status' ICO and the more famous Cryptokitties have shown that it endures the same problems as bitcoin because block space is limited.

Is he only saying what he wants to see because he is speculating on ETH, or does he really believe in it? He must have seen Ethereum's limitations by now. Over 100 ICOs done and no real working product except for the Cryptokitties hehehe.



While Bitcoin may be the poster child of cryptocurrencies, Reddit co-founder Alexis Ohanian thinks the second most valuable cryptocurrency by market capitalization, Ethereum, will be the real winner.

“I’m most bullish about Ethereum simply because people are actually building on it,” Ohanian told Fortune’s Term Sheet Tuesday. Ohanian has stepped back from Reddit’s day-to-day operations and now invests in firms including Coinbase via his venture capital firm, Initialized Capital.

Because developers have found it challenging to create applications based on the Bitcoin blockchain, finding Ethereum more flexible, Ohanian says he sees the price of Ethereum rising faster than the price of Bitcoin this year.

His prediction: While the price of Bitcoin will more than double by the end of the year, regaining it’s all-time high of $20,000, Ethereum will reach 21 times its current value — hitting $15,000 by the end of 2018. Bitcoin now stands at about $9,100, while Ethereum is valued at about $690.

Read the whole article http://fortune.com/2018/05/02/bitcoin-ethereum-price-reddit-alexis-ohanian/

I reckon the UFC should have included Francis Ngannou versus the Black Beast as the comain event. All the fights scheduled in the main card are so dry and uninteresting except maybe for the oldies, Lyoto Machida versus Vitor Belfort hehehe.

I miss watching Lyoto's style.

Prepare yourselves. If you thought bitcoin was in a very overblown bubble last year, then just wait until we see what the investment bankers can do when they hold real actual bitcoins.

The same with the housing bubble, it will be decades in the making until we witness the bubble burst, I reckon.



The bank’s first “digital asset” trader, Justin Schmidt, joined Goldman two weeks ago to handle the day-to-day operations, a hiring that was first reported by Tearsheet. In his last job, Mr. Schmidt, 38, was an electronic trader at the hedge fund Seven Eight Capital. In 2017, he left that job to trade virtual currencies on his own.

He will initially be placed on Goldman’s foreign currency desk because Bitcoin trading has the most similarity to movements in emerging market currencies, Ms. Yared said.

Mr. Schmidt is looking at trading actual Bitcoin — or physical Bitcoin, as it is somewhat ironically called — if the bank can secure regulatory approval from the Federal Reserve and New York authorities.

The firm also has to find a way to confidently hold Bitcoin for customers without its being stolen by hackers, as has happened to many Bitcoin exchanges. Mr. Schmidt and Ms. Yared said the current options for holding Bitcoin for clients did not yet meet Wall Street standards.

Goldman is known for pushing the envelope in the trading of complicated products. The firm faced significant criticism after the financial crisis for its profitable trading of so-called synthetic derivatives tied to the subprime mortgage markets.

Read in full https://www.nytimes.com/2018/05/02/technology/bitcoin-goldman-sachs.html

I reckon the SEC in America has to be careful not to scare away the innovators from their country. If they start labeling cryptocoins like ETH and Ripple as illegal and unlicensed securities now, they will go to a place where they are welcome in any case, and America be left behind from all the cryptospace's developments.

I am not a fan of both projects but I reckon they should be given some space to innovate.

Spoiler alert.




















@gabmen. I wish Game of Thrones would kill off more characters than the audience expects like what they did in the Avengers Infinity War hehehe. I was very shocked that Marvel did it.