|
bitcoin.newsfeed
|
 |
March 19, 2014, 10:10:25 AM |
|
maybe its because *speculation here* SatoshiDice was acquired and used for mass money laundering scheme for some big guys, which are under investigation, evoorhees is under investigation thanks to that too ... i didn't see any advertisement or something about SatoshiDice after the change of ownership... its like > anonymous flow of money into casino = anonymous flow of money into bitcoin securities, because of that I was asking here few months ago, what is the legal declaration of neobee shares and if its everything legal... of course i didn't get an answer from competent people, what exactly are shareholders holding.
EDIT : reading that emails ... MPOE nailed it
|
... Question Everything, Believe Nothing ...
|
|
|
Choroid Plexus
Newbie
 Offline
Activity: 39
Merit: 0
|
|
March 19, 2014, 10:22:59 AM |
|
maybe its because *speculation here* SatoshiDice was acquired and used for mass money laundering scheme for some big guys, which are under investigation, evoorhees is under investigation thanks to that too ... i didn't see any advertisement or something about SatoshiDice after the change of ownership... its like > anonymous flow of money into casino = anonymous flow of money into bitcoin securities, because of that I was asking here few months ago, what is the legal declaration of neobee shares and if its everything legal... of course i didn't get an answer from competent people, what exactly are shareholders holding.
EDIT : reading that emails ... MPOE nailed it
Yeah, he fucking nailed it alright. As to what SEC is really after here, I been thinking about that too. Perhaps as you suggest there's some money-laundering tie-in here with bitcoins flowing through Satoshi Dice. That seems reasonably plausible, but then again seems like there'd be better ways of mixing coins that don't leave taint. It also occurred to me, especially with the focus on SDice, that they might be more concerned with the gambling aspect than they are with the fact that there's securities out there not under their dominion. But either of these reasons was the case, why would SEC be taking the lead on this, as opposed to some other three-letter-agency? Money laundering and online gambling seem to be outside SEC's bailiwick... not that US federal agencies aren't a confusing jumbled stampede of jackals. |
|
|
|
|
|
sporket
|
|
March 19, 2014, 11:38:10 AM |
|
...
As to what SEC is really after here, I been thinking about that too.
...
The SEC gets curious when large sums of money change hands. Much respect for Mircea, but watching how this whole thing plays out before throwing palm branches at his feet. |
|
|
|
|
|
jimmothy
|
|
March 19, 2014, 11:48:04 AM |
|
maybe its because *speculation here* SatoshiDice was acquired and used for mass money laundering scheme for some big guys, which are under investigation, evoorhees is under investigation thanks to that too ... i didn't see any advertisement or something about SatoshiDice after the change of ownership... its like > anonymous flow of money into casino = anonymous flow of money into bitcoin securities, because of that I was asking here few months ago, what is the legal declaration of neobee shares and if its everything legal... of course i didn't get an answer from competent people, what exactly are shareholders holding.
EDIT : reading that emails ... MPOE nailed it
Yeah, he fucking nailed it alright. As to what SEC is really after here, I been thinking about that too. Perhaps as you suggest there's some money-laundering tie-in here with bitcoins flowing through Satoshi Dice. That seems reasonably plausible, but then again seems like there'd be better ways of mixing coins that don't leave taint. It also occurred to me, especially with the focus on SDice, that they might be more concerned with the gambling aspect than they are with the fact that there's securities out there not under their dominion. But either of these reasons was the case, why would SEC be taking the lead on this, as opposed to some other three-letter-agency? Money laundering and online gambling seem to be outside SEC's bailiwick... not that US federal agencies aren't a confusing jumbled stampede of jackals. It's pretty obvious why mpex/satoshi dice is being investigated by the SEC. It involves trading illegal unregistered securities on an unregistered exchange. An exchange which is set up to be a pyramid schemes by earning 10btc per person you recruit to pay 30btc registration fees. That is all in addition to being a ponzi where the only stock traded on mpex is their own and all profits are derived from new investors. I am not sure how people are congratulating him for that excuse of a defense. Clearly underestimating the power/reaches of the SEC. |
|
|
|
|
|
sporket
|
|
March 19, 2014, 11:54:42 AM |
|
...
It involves trading illegal unregistered securities on an unregistered exchange.
... As opposed to Havelock, an esteemed Panamanian shell co trading unregistered securities... |
|
|
|
|
Stelios
Member
Offline
Activity: 112
Merit: 10
|
|
March 19, 2014, 11:55:30 AM |
|
maybe its because *speculation here* SatoshiDice was acquired and used for mass money laundering scheme for some big guys, which are under investigation, evoorhees is under investigation thanks to that too ... i didn't see any advertisement or something about SatoshiDice after the change of ownership... its like > anonymous flow of money into casino = anonymous flow of money into bitcoin securities, because of that I was asking here few months ago, what is the legal declaration of neobee shares and if its everything legal... of course i didn't get an answer from competent people, what exactly are shareholders holding.
EDIT : reading that emails ... MPOE nailed it
Yeah, he fucking nailed it alright. As to what SEC is really after here, I been thinking about that too. Perhaps as you suggest there's some money-laundering tie-in here with bitcoins flowing through Satoshi Dice. That seems reasonably plausible, but then again seems like there'd be better ways of mixing coins that don't leave taint. It also occurred to me, especially with the focus on SDice, that they might be more concerned with the gambling aspect than they are with the fact that there's securities out there not under their dominion. But either of these reasons was the case, why would SEC be taking the lead on this, as opposed to some other three-letter-agency? Money laundering and online gambling seem to be outside SEC's bailiwick... not that US federal agencies aren't a confusing jumbled stampede of jackals. It's pretty obvious why mpex/satoshi dice is being investigated by the SEC. It involves trading illegal unregistered securities on an unregistered exchange. An exchange which is set up to be a pyramid schemes by earning 10btc per person you recruit to pay 30btc registration fees. That is all in addition to being a ponzi where the only stock traded on mpex is their own and all profits are derived from new investors. I am not sure how people are congratulating him for that excuse of a defense. Clearly underestimating the power/reaches of the SEC. What do all this have to do with NEOBEE? I mean, did I miss something important? SK |
|
|
|
|
|
|
Choroid Plexus
Newbie
Offline
Activity: 39
Merit: 0
|
|
March 19, 2014, 12:03:40 PM |
|
What do all this have to do with NEOBEE?
I mean, did I miss something important?
SK
Well, NEOBEE is a bitcoin security and if MP's email exchange is to be believed, it hints that US SEC is out for blood in regards to bitcoin securities. Even those traded on exchanges not domiciled in the US. So as Walter Sobchak would say: "This affects all of us man!" |
|
|
|
|
|
|
|
jimmothy
|
|
March 19, 2014, 12:10:43 PM |
|
What do all this have to do with NEOBEE?
I mean, did I miss something important?
SK
Well, NEOBEE is a bitcoin security and if MP's email exchange is to be believed, it hints that US SEC is out for blood in regards to bitcoin securities. Even those traded on exchanges not domiciled in the US. So as Walter Sobchak would say: "This affects all of us man!" It is becoming quite obvious that the feds do not consider bitcoins play money anymore. What do all this have to do with NEOBEE? I mean, did I miss something important?
Has nothing to do with neo. I doubt the SEC will come close to neo since it seems they have the cypriot gov on their side. Anyways a more related thread from the OP of those emails calling neobee a scam. It is quite the laugh: https://bitcointalk.org/index.php?topic=516460.0 |
|
|
|
|
|
jimmothy
|
|
March 19, 2014, 12:14:16 PM |
|
Romania is listed under the SEC coop agreement and Erik is an american citizen. And I was not talking about satoshidice when I said a pyramid scheme. Mpex is a pyramid scheme because it rewards "investors" 10btc for each new "investor" they recruit to pay 30btc registration fees. |
|
|
|
|
Stelios
Member
Offline
Activity: 112
Merit: 10
|
|
March 19, 2014, 12:19:34 PM |
|
What do all this have to do with NEOBEE?
I mean, did I miss something important?
SK
Well, NEOBEE is a bitcoin security and if MP's email exchange is to be believed, it hints that US SEC is out for blood in regards to bitcoin securities. Even those traded on exchanges not domiciled in the US. So as Walter Sobchak would say: "This affects all of us man!" +1 on usefulness. Thanks for the clarification Choroid. NEOBEE has handled this type of staff successfully in the past though, plus now they have there own security management thing. Nevertheless, as you said, this affects all of as! |
|
|
|
|
|
sporket
|
|
March 19, 2014, 12:19:57 PM |
|
...
Mpex is a pyramid scheme because it rewards "investors" 10btc for each new "investor" they recruit to pay 30btc registration fees.
MPEX is not being investigated, Eric is. MPEX is your obsession, not the SEC's. Frankly getting a bit tiresome. |
|
|
|
|
stereotype
Legendary
Offline
Activity: 1554
Merit: 1000
|
|
March 19, 2014, 12:25:33 PM |
|
...
Mpex is a pyramid scheme because it rewards "investors" 10btc for each new "investor" they recruit to pay 30btc registration fees.
MPEX is not being investigated, Eric is. MPEX is your obsession, not the SEC's. Frankly getting a bit tiresome. I agree. Weexchange/Bitfunder/Ukyo is more than enough to be dealing with, right now. |
|
|
|
|
|
jimmothy
|
|
March 19, 2014, 12:39:55 PM |
|
...
Mpex is a pyramid scheme because it rewards "investors" 10btc for each new "investor" they recruit to pay 30btc registration fees.
MPEX is not being investigated, Eric is. MPEX is your obsession, not the SEC's. Frankly getting a bit tiresome. Yes I should not have included that bit as it seems to have added confusion. From what we know mpex is being contacted during an investigation of erik voorhees, an american citizen, likely for operating an illegal unregistered stock. As we know btct.co and bitfunder were slammed by the SEC and many bitcoin securities have been investigated. It is quite clear that, contrary to MPs belief, the SEC does not need an declaration from congress stating that the SEC has the right to investigate mmorpgs, wow gold, or even bitcoin. |
|
|
|
|
|
sporket
|
|
March 19, 2014, 12:54:33 PM |
|
^The MMORPG is a taunt, no different from "Phone? Let's #IRC!" That's why ... Much respect for Mircea, but watching how this whole thing plays out before throwing palm branches at his feet.
|
|
|
|
|
|
NanoAkron
|
|
March 19, 2014, 01:34:09 PM |
|
Sorry if this is somewhat off-topic, but MP just published an email exchange he had with some SEC toadie who came enquiring after his MPEx customer records, specifically pertaining to Satoshi Dice. Seems to provide confirmation of what many have suspected... that US SEC is coming after bitcoin securities. http://trilema.com/2014/interacting-with-fiat-institution-a-guide/And his reply was spot on. As much as I dislike MP/MPEx, he's absolutely right here. Much like the comedy email exchange between the RIAA and the Pirate Bay 6-7 years back, this is a case of a US agency believing they have automatic worldwide jurisdiction. Insisting on IRC/email was also smart - keep everything recorded in black & white, not 'lost' on some phone call. |
|
|
|
|
|
NanoAkron
|
|
March 19, 2014, 01:37:01 PM |
|
It involves trading illegal unregistered securities on an unregistered exchange.
Things are legal until they are declared illegal, NOT the other way around. Can you point us to the appropriate Romanian law which declares these securities illegal? |
|
|
|
|
minerpart
Sr. Member
Offline
Activity: 280
Merit: 250
IIIIII====II====IIIIII
|
|
March 19, 2014, 04:17:19 PM
Last edit: March 19, 2014, 04:33:26 PM by minerpart |
|
Can you point us to the appropriate Romanian law which declares these securities illegal?
Yes, page 11 of this Romanian National Securities Commission (CNVM) document: http://www.cnvmr.ro/pdf/regulamente/en/Regulation-01-2006.pdf'TITLE II - OPERATIONS WITH SECURITIES CHAPTER I – COMMON PROVISIONS ON THE PUBLIC OFFER Law no.297/2004 Art. 3. No prospectus/document of public offer shall be made available to the public until it
has been approved by CNVM.' and also see on page 12: 'Art. 5. (1) Following the CNVM approval, the prospectus/offer document shall be communicated to the operator of the regulated market/ alternative trading system where those
securities are traded or shall be admitted to trading at the date of the public offer announcement publication, both on paper and electronically.' So any online Securities market 'alternative trading system' is clearly covered and must seek approval. Unless MPEx has gained CNVM approval it is as an alternative market illegal under Romanian law as are the Securities it offers for sale. And for clarity anyone interested should also refer to this document: http://www.cnvmr.ro/pdf/regulamente/en/Regulation-02-2006.pdfREGULATION NO. 2/2006
ON REGULATED MARKETS AND ALTERNATIVE TRADING SYSTEMSpage 34 Section 1 – Approval of alternative trading systems’ setting up Art. 61
(1) It is forbidden for the intermediaries and the market operators to manage an alternative trading
system before requesting and obtaining C.N.V.M.`s approval for setting up the relevant alternative
trading system. |
|
|
|
|
dirt
Newbie
Offline
Activity: 7
Merit: 0
|
|
March 19, 2014, 05:30:07 PM |
|
Can you point us to the appropriate Romanian law which declares these securities illegal?
Yes, page 11... /served. |
|
|
|
|
|
