 Show Posts
|
|
Pages: [1]
|
Am curious, and will need several opinions here, in most news out there I hear echos "Ethereum classic is a real Ethereum", how do you guys think? As of me, I believe in strong tech, working products and services. See here for reference -> https://twitter.com/eth_classic/status/1122533934536036353 Let's see how helpful are your opinions. |
|
|
|
👨💻 SERVICES 👇👇: 🔆 Managing your comapany's social media sites i.e Facebook, Twitter, Reddit, LinkedIn 🔆 Develop relevant content topics to reach the company’s target customers. 🔆 Curate and manage all published content (images, video and written). 🔆 Monitor, listen and respond to users in a “Social” way while cultivating leads and sales. 💱 PAYMENT🏧 Taucoin Accepted🔐 2,400 TAU per day For more details, visit here: https://taucointalk.org/index.php?topic=993.0 |
|
|
|
👨💻 SERVICES 👇👇: 🔆 Managing your comapany's social media sites i.e Facebook, Twitter, Reddit, LinkedIn 🔆 Develop relevant content topics to reach the company’s target customers. 🔆 Curate and manage all published content (images, video and written). 🔆 Monitor, listen and respond to users in a “Social” way while cultivating leads and sales. 💱 PAYMENT🏧 Taucoin Accepted🔐 2,400 TAU per day For more details, visit here: https://taucointalk.org/index.php?topic=993.0 |
|
|
|
|
The meteoric rise of cryptocurrencies has taken the world by storm. Innovators, investors, users, and governments are scrambling to wrap their heads around cryptocurrencies and the blockchain technology that they rely upon. The emergence of a new market and business model has created great opportunities for participants, but it also carries significant risk.
Cryptocurrencies present an inherently unique challenge to governments because of their new technology, cross-jurisdictional nature, and frequent lack of transparency. Governments are struggling to develop new ways to regulate cryptocurrencies, adapt existing regulations, and identify fraudulent schemes. Cryptocurrencies and their regulations are evolving before our eyes, and this article will provide a brief background on cryptocurrencies and an overview of where cryptocurrency regulations currently stand.
What are cryptocurrencies?
Cryptocurrency is, by any other name, a currency—a medium of exchange used to purchase goods and services. Or, as some have suggested, cryptocurrency is a “peer-to-peer version of electronic cash.” However, this currency has two qualities that distinguish it from traditional bills and coins.
First, cryptocurrency is a virtual currency that is created through cryptography (i.e. coding) and developed by mathematical formulas through a process called hashing. Second, unlike traditional bills and coins that are printed and minted by governments around the world, cryptocurrency is not tied to any one government, and thus is not secured by any government entity. The fact that cryptocurrencies are not secured by a government authority has led to concerns from critics that this is the second coming of Tulipmania, because we are ascribing value to an otherwise valueless item. However, the potential for cryptocurrencies as a medium of exchange remains enormous.
What is blockchain?
Blockchain is the technology at the heart of most cryptocurrencies, and explaining the technology in detail would require a blog post of its own. What is important to know is that blockchain is a record of peer-to-peer transactions categorized into blocks on a distributed ledger. Despite the obtuse terminology, blockchain functions similarly to a local bank authorizing and recording a transaction, but instead of only one party holding the entire ledger book, the transactions are recorded communally by member nodes, with each node being a computer in a peer-to-peer distributed network.
The blockchain can confirm a transaction within minutes, removing errors that exist when trying to reconcile and audit separate ledgers and transactions. Whenever a transaction takes place, the miners on the blockchain develop a new hash and digital signature to update the ledger and create a new “block.” This block, or recorded transaction, is time-stamped and encrypted and will remain on the blockchain for life.
Regulation in the US – Utility Tokens v. Investment Tokens
In the United States, there has been no federal regulation of cryptocurrencies. Instead, cryptocurrencies are often grouped into two non-binding categories: (1) investment tokens that fall under the purview of already existing U.S. securities laws like the Securities Act of 1933 and the Securities Exchange Act of 1934, and (2) utility tokens, which remain largely unregulated (for now).
Security Tokens
Whether the tokens being offered in connection with a particular cryptocurrency are security tokens is decided on a case-by-case basis that even experienced securities lawyers can disagree upon. Tokens are usually analyzed under the four-part Howey Test below to see if the token is in fact a security. Securities must meet the following criteria:
An investment of money
in a common enterprise
with an expectation of profits
predominantly from the efforts of others
Each characteristic of the token is analyzed against this framework to see if the cryptocurrency is in reality functioning as a new-age security. If it is, then regulators treat it as such, and cryptocurrencies must then be registered and handled with all of the same disclosures and precautions as any other security sold in the United States or to U.S. investors.
Utility Tokens
Cryptocurrencies can also be categorized as non-security utility tokens. These tokens purport to offer intrinsic utility and value, and are typically instrumental in powering the blockchain technology. These tokens function more like commodities than securities, and while they may act like currency in a fully functional network, they also have other values.
However, having a utility token with a properly formed and functioning network does not preclude said token from being labeled a security by the SEC. In In the Matter of Munchee, Inc., a purported utility token with a non-functioning network was labeled a security by the SEC. While labeling a token without a functioning network as a security – as it has no present utility – is not unexpected, the SEC also concluded that: “even if [Munchee] tokens had a practical use at the time of the offering, it would not preclude the token from being a security.”
After analyzing the Munchee Tokens under the Howey test, the SEC concluded that they were investment contracts because purchasers of the tokens had an expectation of profits predominantly from the efforts of Munchee and its staff. The SEC further concluded that Munchee had primed such expectations through its marketing efforts.
While this new case does not eliminate the distinction between utility and security tokens, it does caution that, when deciding whether a given token is a security, the SEC will look beyond utility at the character of the instrument, and base their conclusion based on the terms of the offer, the plan of distribution, and the economic inducements held out by the token issuer.
State Regulation
So far only the state of New York has issued any kind of regulation specifically regarding cryptocurrencies: the BitLicense. The BitLicense is New York’s attempt to control cryptocurrencies within its borders by requiring cryptocurrency businesses to register and comply with several different disclosure and financial obligations. The regulation has been divisive, and many businesses have rallied against its high costs. While a few companies have applied for and received the license, most other companies have simply left the state or stopped offering services to its residents.
Regulation Abroad – The Ever-Shifting Jurisdictional Question
The United States is not the only country grappling with how best to regulate cryptocurrencies. Many cryptocurrency businesses face daunting questions regarding in which jurisdictions to form and to do business in. In the end, the question is quite difficult and fact-specific, requiring communication between legal counsel in different jurisdictions and taking into account nebulous and piecemeal country-by-country regulations. It is impossible to do a detailed analysis without knowing how a country’s existing securities laws, financial regulations, and banking regulations will operate (or will be adapted to operate) with cryptocurrencies. The fact that cryptocurrency-specific regulations are still developing does little to add clarity, and makes the analysis even more challenging. Yet a few global trends are noticeable:
Suspending Cryptocurrencies
Some notable countries, like China, and South Korea, have suspended cryptocurrencies. These countries have cited the risk of fraud and the lack of adequate oversight in suspending cryptocurrencies and their exchanges, forcing cryptocurrency companies and exchanges to relocate.
Regulating Cryptocurrencies
Other countries, like Japan and Australia, have adopted disclosure and regulatory measures, or have companies register with the applicable government authority. Several countries have also tried to implement disclosure or registration regulatory regimes when it comes to cryptocurrencies, but such regimes are cumbersome and expensive to fledgling companies.
Cryptocurrencies as Commodities
On the other hand, Switzerland and Singapore, two of the countries at the forefront of the cryptocurrency market, have simply stated that cryptocurrencies are assets, not currency and that they will treat them as such under existing regulations.
Conclusion
Ultimately, cryptocurrency regulation remains in its infancy. Piecemeal regulation has already begun around the world as governments enact new regulations to control and legitimize cryptocurrencies, fold cryptocurrencies into existing regulations, or ban them outright. These splintered attempts at controlling a global phenomenon will keep the cryptocurrency market volatile, and pose a challenge to innovators, investors, and users. They will continue to work in the cryptocurrency space while pushing for legislation and regulation that will remove ambiguity and legitimize cryptocurrencies. At the same time, they must grapple with the possibility that new regulations may be confusing, detrimental, or have negative inadvertent effects.
|
|
|
|
|
Blockchain technology is driving innovation in different sectors.Although there are currently many restrictions on this, and some countries do not want to accept it, it is possible that blockchain technology will become more popular in the future.
The problem is that governments do not yet know how to respond to cryptocurrencies, they are still confused and skeptical about how to deal with it without destroying the current financial systems.
Over time, I think that the technology will be adopted in every country, and What do you think about it?
|
|
|
|
|
Mass adoption for Taucoin mining is starting. Now users can mine their own Taucoins. No need to assemble large mining pool, no need to use high electrical voltage, no need to invest to someone/company for mining payment RIO (like it is in POW), no need of staking/keeping huge amount of coins/tokens instead of using them (like it is in POS).
Taucoin has arrived with a new Blockchain protocol Proof - of - Transaction, in which only the the computing power of your device (computer) is enough to start mining, plus the Ubuntu 16.04 & 14.04 OS version tested for Taucoin club mining (Permission less mobile mining on Engineering to allow Mobile mining of the go).
|
|
|
|
|
Mass adoption for Taucoin mining is starting. Now users can mine their own Taucoins. No need to assemble large mining pool, no need to use high electrical voltage, no need to invest to someone/company for mining payment RIO (like it is in POW), no need of staking/keeping huge amount of coins/tokens instead of using them (like it is in POS).
Taucoin has arrived with a new Blockchain protocol Proof - of - Transaction, in which only the the computing power of your device (computer) is enough to start mining, plus the Ubuntu 16.04 & 14.04 OS version tested for Taucoin club mining (Permission less mobile mining on Engineering to allow Mobile mining of the go).
|
|
|
|
|
Taucoin Features: 😊😊
➡ Proof-Of-Transaction:- the more transactions, the more reward
➡ Automatic Harvest Club Participation:- no work or knowledge
required in joining a harvest club
➡ Instant harvesting reward share through “club wiring”
➡ Near Zero Cost Transaction Fees:- most of transaction fees are returned throughout the year.
➡ One year to accumulate weight:- to prevent spam and speculation
➡ Environmentally friendly consensus mechanism that is secure
➡ Built 100% from our team (not a fork of an existing coin)
➡ Test driven development process focused purely on technology first
➡ First cryptocurrency to focus on the velocity of coin circulation
➡ First cryptocurrency to give no advantage to hoarding
➡ First cryptocurrency to have near zero cost transactions in perpetuity.
|
|
|
|
|
NOTE:💥👌
Sometimes you can find you'a late from the Buying zones recommended,..don't panic wait for its correction then enter especially if the targets are not reached!!
There is many chances in the trades if the market is promising!!
Don't jump to the trade that have arisen for more than 5% because its initial take profit for Whales!!
Learn to Protect your capital!!
Let's trade safely!!
|
|
|
|
|
Blockchain Technology is evolving day bay day. So far we have already experienced some Blockchain consensus models from the beginning of the Blockchain till today.
We all have experienced how POW (Proof of Work) and POS (Proof of Stake) are working. Particularly since they both favor the wealthy, either through the amount of hardware required (POW), or the funds accumulated (POS). POW is also criticized for its energy consumption, and POS directly encourages locking up vast amounts of cryptocurrencies instead of using them.
It is now a time to experience a very newer Blockchain technology innovation of TAU Coin which is Proof of Transaction (POT). Unlike POW and POS, TAU's new technology, POT, purposes a fair, fast and secure currency without inflation. And POT has completely made an advancement by incentivizing circulation, that is keeping coins in circulation, instead of favoring wealthy participants.
|
|
|
|
|
TAU Coin is 100% fast and fair Blockchain enabled innovation. By introducing a new revolutionary consensus model of Proof-Of-Transaction, TAU Coin has been able to achieve secure decentralised transactions over its Ecosystem.
Tau Coin is a decentralised Blockchain digital currency to cater payment and liquidity that will enable users to laverage the advantages blockchain technology offers.
The company has created robust but simple technologies which will leverage dApps and Blockchain to provide a truly transparent and secure Blockchain experience.
|
|
|
|
|
TAU Coin is good because, With the technology innovation of "Proof-of-Transaction", users with transaction history are incentivated by sharing the future block reward. No advantage is for concentrating wealth and hardware as in POS and POW.
|
|
|
|
|
The recent happenings of hack are becoming rampant that exchanges are no longer safe. If the exchanges can get hacked this means you and me stand no chance at all so in view of this if you can do get cold wallet/ Web wallet to keep ur funds safe, never leave ur long term bags on any exchange.
Do not visit random links and also stay away from airdrops requiring your private keys or Passphrase.
Do not store your private key or passphrase online.
It's called a private key or passphrase because only you should have it and not even the developers of the app has access to it and that is why if you lose your keys you have equally lost your walllet.
Stay positive and waiting for the bull run.
Stay safe everyone!
|
|
|
|
|
