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Author Topic: Are Bitcoin securities Legal?  (Read 2945 times)
theonewhowaskazu
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October 15, 2013, 05:28:41 AM
 #21

Can I just take this opportunity to point out something exceedingly weird.

Apparently, Second Market can sell many stocks.
But we can't.

Why? Because they only deal with accredited investors.
I.e, people with a $1,000,000 or more in assets.

So, a money making opportunity is legally reserved only for those with $1,000,000 or more in assets.

Doesn't that sound weird to you?

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danieldaniel
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October 21, 2013, 09:23:37 PM
 #22

Can I just take this opportunity to point out something exceedingly weird.

Apparently, Second Market can sell many stocks.
But we can't.

Why? Because they only deal with accredited investors.
I.e, people with a $1,000,000 or more in assets.

So, a money making opportunity is legally reserved only for those with $1,000,000 or more in assets.

Doesn't that sound weird to you?
Not at all.  It's regulated that way in order to reduce availability of risky investments to people that have enough money to handle that risk.

There's also some rules about how much of your net worth you can invest, for the same reason.


theonewhowaskazu
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October 22, 2013, 12:08:50 AM
 #23

Can I just take this opportunity to point out something exceedingly weird.

Apparently, Second Market can sell many stocks.
But we can't.

Why? Because they only deal with accredited investors.
I.e, people with a $1,000,000 or more in assets.

So, a money making opportunity is legally reserved only for those with $1,000,000 or more in assets.

Doesn't that sound weird to you?
Not at all.  It's regulated that way in order to reduce availability of risky investments to people that have enough money to handle that risk.

There's also some rules about how much of your net worth you can invest, for the same reason.



That is a very bad excuse for a very bad law.

freedomno1
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October 22, 2013, 04:52:05 AM
 #24

Can I just take this opportunity to point out something exceedingly weird.

Apparently, Second Market can sell many stocks.
But we can't.

Why? Because they only deal with accredited investors.
I.e, people with a $1,000,000 or more in assets.

So, a money making opportunity is legally reserved only for those with $1,000,000 or more in assets.

Doesn't that sound weird to you?
Not at all.  It's regulated that way in order to reduce availability of risky investments to people that have enough money to handle that risk.

There's also some rules about how much of your net worth you can invest, for the same reason.



Going to agree that claiming ignorance of investors in the digital age is not logical reasoning under current law
But that does not mean that the rules are still rules
mgio
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October 26, 2013, 06:58:08 AM
 #25

Can I just take this opportunity to point out something exceedingly weird.

Apparently, Second Market can sell many stocks.
But we can't.

Why? Because they only deal with accredited investors.
I.e, people with a $1,000,000 or more in assets.

So, a money making opportunity is legally reserved only for those with $1,000,000 or more in assets.

Doesn't that sound weird to you?
Not at all.  It's regulated that way in order to reduce availability of risky investments to people that have enough money to handle that risk.

There's also some rules about how much of your net worth you can invest, for the same reason.




The origin of the rule is from a hundred years ago where "fake" security and ponzis schemes where everywhere. It was there to protect your great-great-grandmother from the door-to-door stock salesmen peddling junk bonds.

But today, It's there to limit the real wealth to the 1% and corporations. There is a reason why the vast majority of US citizens don't own a single security outside of their heavily restricted retirement funds.
prophetx
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October 29, 2013, 10:54:30 AM
 #26

You mean that ponzi schemes do not exist in bitcoin land?


There are ways around this, such as doing reverse mergers with pink sheet companies,  etc.

Or just not locate the HQ of the company in the USA.

Release company "coins", and as long as they can trade them for other virtual currency or goods...

WINGS - get paid to forecast ICO valuations http://experimental.wings.ai - over $5 million in new token and Ether pay outs already
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