[ANN] Titanium - World's First Decentralised Cloud Services Provider 🚀

[benjamin123]

I've been speaking to some legal people i know, BAR might actually be in fact breaking SEC regulations according to this, it might actually be classified as a security token NOT utility (even though they say it is) which BAR might be in trouble for as they did not do KYC

If a token has a significant utility in the operation of the application, it may be less likely to be considered a security (since this characteristic may help the token to fail the Howey test, as discussed above). But, the reality is that utility tokens can indeed be considered a security under the definitions set forth in Section 2(a)(1) of the Securities Act of 1933 (1933 Act) and Section 3(a)(1) of the Securities Exchange Act of 1934 (1934 Act). If this wouldn’t be the case, every investment contract could just escape securities law jurisdiction simply by building in a trivial utility to the token. Imagine a tokenized share of stock, except the token also enables you to redeem it for a cat GIF.

https://medium.com/@argongroup/8-important-things-to-know-about-security-tokens-token-regulation-3d548a1a6367


i'll be submitting a complaint with BARs name and profile and the latest incidents with BAR to the SEC and see if they have any comment

https://www.sec.gov/tcr

[g.m.tyshenk]

I wasn't able to purchase on your ICO. And recently I was planning to purchase BAR tokens in exchanges but I saw the news about the stolen BAR tokens. Is it okay to purchase BAR tokens now, or should I wait on forking BAR smart contract - TBAR implementation?

Do not buy BAR tokens. They are no longer supported by this project and will be worthless soon.
I would wait until TBAR replacement tokens are in place and TBAR is listed on exchanges before trying to buy TBAR tokens.

[ysakay]

I bought at idex 20 daya ago. Can i do anythnig for receiving new tokens?

[g.m.tyshenk]

I've been speaking to some legal people i know, BAR might actually be in fact breaking SEC regulations according to this, it might actually be classified as a security token NOT utility (even though they say it is) which BAR might be in trouble for as they did not do KYC

If a token has a significant utility in the operation of the application, it may be less likely to be considered a security (since this characteristic may help the token to fail the Howey test, as discussed above). But, the reality is that utility tokens can indeed be considered a security under the definitions set forth in Section 2(a)(1) of the Securities Act of 1933 (1933 Act) and Section 3(a)(1) of the Securities Exchange Act of 1934 (1934 Act). If this wouldn’t be the case, every investment contract could just escape securities law jurisdiction simply by building in a trivial utility to the token. Imagine a tokenized share of stock, except the token also enables you to redeem it for a cat GIF.

https://medium.com/@argongroup/8-important-things-to-know-about-security-tokens-token-regulation-3d548a1a6367


i'll be submitting a complaint with BARs name and profile and the latest incidents with BAR to the SEC and see if they have any comment

https://www.sec.gov/tcr

You do that but I doubt the SEC has time for your lameness.
The Titanium BAR is a utility token and is the only currency that can be used within The Titanium Ecosystem, to pay for products and services. In order to get passed the ICO without KYC they were already designated a utility not security by the SEC. The rules for ICOs are very strict in the US and Singapore compared to other countries.
Nice try though paid troll!

[benjamin123]

Yeap I will submit a complaint and we'll see what they say. Just because they shout its a utility token doesnt make it one. and SEC never approved them as a utility token. they just laid out the guidelines to follow between utility and security so BAR might be considered a security token after all.

[g.m.tyshenk]

I've been speaking to some legal people i know, BAR might actually be in fact breaking SEC regulations according to this, it might actually be classified as a security token NOT utility (even though they say it is) which BAR might be in trouble for as they did not do KYC

If a token has a significant utility in the operation of the application, it may be less likely to be considered a security (since this characteristic may help the token to fail the Howey test, as discussed above). But, the reality is that utility tokens can indeed be considered a security under the definitions set forth in Section 2(a)(1) of the Securities Act of 1933 (1933 Act) and Section 3(a)(1) of the Securities Exchange Act of 1934 (1934 Act). If this wouldn’t be the case, every investment contract could just escape securities law jurisdiction simply by building in a trivial utility to the token. Imagine a tokenized share of stock, except the token also enables you to redeem it for a cat GIF.

https://medium.com/@argongroup/8-important-things-to-know-about-security-tokens-token-regulation-3d548a1a6367


i'll be submitting a complaint with BARs name and profile and the latest incidents with BAR to the SEC and see if they have any comment

https://www.sec.gov/tcr

You do that but I doubt the SEC has time for your lameness.
The Titanium BAR is a utility token and is the only currency that can be used within The Titanium Ecosystem, to pay for products and services. In order to get passed the ICO without KYC they were already designated a utility not security by the SEC. The rules for ICOs are very strict in the US and Singapore compared to other countries.
Nice try though paid troll!

And on another point. Show your lawyer friends your voluminous telegram and bitcoin talk posts from this thread.  I suspect they will tell you that you have defamed, slandered and libeled the CEO to third parties. If I was the CEO I would sue you for defamation, slander and libel. You should be more careful.

[benjamin123]

Sure, bring it.  How do you know everything i've said isnt true?

 Get Michael here and prove it that he's not a liar, show his revenue for EHI, his sales receipts, his tax return showing his income since he claims to have millions in revenue and prove he's legit

we'll see who gets sued then

if fact WE the affected users should be considering legal action against him for this scam lol. he should be in jail

[NOhardforkplease]

What a load of bullshit. Why does hitbtc allow bar tokens to be traded when you have no right to get tbar tokens. This is an outraged shamefull means of doing bussiness. If i dont get tbars just because i bought the dip i will file a complaint at every possibility out there. Allowing trading and not getting tbars now that is a scam.

[g.m.tyshenk]

Sure, bring it.  How do you know everything i've said isnt true?

 Get Michael here and prove it that he's not a liar, show his revenue for EHI, his sales receipts, his tax return showing his income since he claims to have millions in revenue and prove he's legit.

we'll see who gets sued then

edit : if he does so i'll take back everything i said, and issue a formal apology.

but i dont think thats happening anytime soon

The lawyers, if they pursue you for libel, won't be looking for an apology just every dollar in your bank account and then some, as they drag out the legal case as long as possible with continuances.  It doesn't matter if Stollaire is guilty of lying or not  as the focus will be on your libel, your comments and your statements defaming him.
Good luck, just hoping Titanium's  lawyers don't track you down.

[g.m.tyshenk]

What a load of bullshit. Why does hitbtc allow bar tokens to be traded when you have no right to get tbar tokens. This is an outraged shamefull means of doing bussiness. If i dont get tbars just because i bought the dip i will file a complaint at every possibility out there. Allowing trading and not getting tbars now that is a scam.

All exchanges that had BARs listed were contacted and asked to immediately stop trading BARS.   Most did but HitBC didn't. Blame that on the exchange not the company.

[benjamin123]

Sure, bring it.  How do you know everything i've said isnt true?

 Get Michael here and prove it that he's not a liar, show his revenue for EHI, his sales receipts, his tax return showing his income since he claims to have millions in revenue and prove he's legit.

we'll see who gets sued then

edit : if he does so i'll take back everything i said, and issue a formal apology.

but i dont think thats happening anytime soon
 

The lawyers, if they pursue you for libel, won't be looking for an apology just every dollar in your bank account and then some, as they drag out the legal case as long as possible with continuances.  It doesn't matter if Stollaire uilty of lying or not  as the focus will be on your libel, your comments and your statements defaming him.
Go od luck, just hoping Titanium's  lawyers don't track you down.

LOL you're funny. like i said, how do you know what im saying isnt true? cant sue the truth man. but if this scammer and fraud wants to try, go ahead in fact i cant wait for it to happen so this scam can be exposed.

[MPE Project]

ofc nice scam,dump tokens,tell that you wont replace tokens to those who bought them today at dip,then replace tokens to others  with new ones,cool cool

Edit. : How will he know when i bought tokens,and why i wont get new one if i bought them at dip.

Issue of TBAR is essentially a fork.  They have a blockchain snapshot taken at a specific block so they know who has BARS and who doesn't.  I believe the cut off date was Feb. 21.   Some people trying to buy BARs after the hack at a lower price due to dumping of tokens at a lower price after Feb. 21 won't get TBARs. Anyone who sold there BARS before Feb 21 won't get TBAR replacement tokens.
Basically anyone holding BARS are OK and will get TBARs. It was set out this way to prevent the hackers from profiting from dumping the stolen tokens (even if stolen BARs weee sold at a cent a piece the hacker could get $16 million). Now BARS are worthless.

so me as trader who placed a low order,and bough at dip now scammed,thats your words? as i said,its good tactic ,dump bar to trades,than say that someone stole them and we will not refund any bar for those who bought them at dip,so they are scammers. be happy to stay with this scam team and scam token.

You did not buy at a dip, you bought it after they announced that the token is now worthless and due to be discontinued. That is the risk you take in cryptocurrency trading. I am always fully aware that any trade I make could mean a loss of my money, and that the entire market could collapse at any moment. There is no guarantee or protection in crypto trading and it does not mean you were scammed. You need to be totally aware. Look into anything you buy on the exchange, check for news and look for reasons for why the dip happened in the first place.

You are many others here are making too many assumptions, dumped BAR? They were hacked, they have been transparent enough about what happened and they need time to sort things out. Don't throw around the scam word without hard evidence. Seems to me you got burnt, and are now angry about losing your money.

sure,old "hacked" scheme always work for ppls like you,tokens are dumped,dumped when price started to fall ,and they made their money on us,traders. they are scammers,and should sit in jail right now.

[benjamin123]

if you think this coin has broken regulations u can report it to the SEC and BBB here

https://www.sec.gov/tcr
https://www.bbb.org/consumer-complaints/file-a-complaint/get-started

[NOhardforkplease]

It could be that hitbtc keeps trading because the tokens are in the wallet of hitbtc. They disabled withdrawing and funding. Probably they get the tbars and distribute them to all holders on the exchange.

[pumz]

Instead issuing warning about trade or false tokens it was more good to release the new tokens immediately to eliminate the every little chance of scam or to prevent the misuse of the situation by others. After so much time having clear records of blockchain still no distribution of tokens which isn't leading to good impression.

[alex9919]

I have partecipated to the twitter Bounty campaign but still I have not received my TBAR tokens in exchange of the old BAR tokens!

[andro hac]

I have partecipated to the twitter Bounty campaign but still I have not received my TBAR tokens in exchange of the old BAR tokens!

the distribution is still ongoing ,you can track it here    https://etherscan.io/token/0xee8bd1502c3e9f6c543781467c01592ac51cfbb8
WARNING!  *FAKE* token that looks like TBAR is being traded on Etherdelta and possibly on other exchanges.

[DanWalker]

In yesterday's updates even they didn't give specific timing for distribution of new tokens but that part where they said MVP is still planned to be released on 1st of march makes me believe before that we will be able to see our tokens replaced successfully. I just connected these two things to assume this if this goes well means today or most lately tomorrow we will have tokens landed in our wallets.

I believe in this project and that the developers will fulfill their obligations. It started to develop very quickly and I hope the further development will be strong as well. The idea is very interesting, and this gives a chance that the coin will be in demand.

[prehisto]

What a load of bullshit. Why does hitbtc allow bar tokens to be traded when you have no right to get tbar tokens. This is an outraged shamefull means of doing bussiness. If i dont get tbars just because i bought the dip i will file a complaint at every possibility out there. Allowing trading and not getting tbars now that is a scam.

Then this could be the fault of the HitBTc. There is no doubt that Titanium informed Hitbtc of this situation.

All in all to this point it seems that they are handling it in very professional manner.

[Dr Charles]

The team can only issue a cease trading order... they cannot enforce it on the exchanges. The exchanges want to make money and will keep making money on the trades regardless. Its not professional by any means but crypto is still in the infancy stage. Dont expect fortune 500 company level support and ethics.