Bitcoin Forum
December 18, 2017, 03:33:22 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 [15] 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 »
  Print  
Author Topic: [CRYPTOSTOCKS] Labcoin Official Thread - Self-Moderated  (Read 95991 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
SebastianJu
Legendary
*
Offline Offline

Activity: 1988


Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
October 23, 2013, 05:34:58 PM
 #281

Asicminer is not illegal anymore in china since they paid the investments back.

Yeah because we all know selling unregistered securities is legal when they are profitable and illegal when they are not. Thats what the law says.



Please get your facts straight before claiming to know anything. US-Law is not World-Law. Asicminer was only illegal in china as long as they didnt paid the investment back to the shareholders. They did so now are they legal.
And if its illegal to sell shares to US-Citizens doesnt care me either. Iam no US-Citizen so its a legal security. So let me see the try of the USA to threaten a chinese security run by chinese persons.
*sigh*
1513611202
Hero Member
*
Offline Offline

Posts: 1513611202

View Profile Personal Message (Offline)

Ignore
1513611202
Reply with quote  #2

1513611202
Report to moderator
1513611202
Hero Member
*
Offline Offline

Posts: 1513611202

View Profile Personal Message (Offline)

Ignore
1513611202
Reply with quote  #2

1513611202
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513611202
Hero Member
*
Offline Offline

Posts: 1513611202

View Profile Personal Message (Offline)

Ignore
1513611202
Reply with quote  #2

1513611202
Report to moderator
crumbs
Full Member
***
Offline Offline

Activity: 210



View Profile
October 23, 2013, 05:50:10 PM
 #282

Asicminer is not illegal anymore in china since they paid the investments back.

Yeah because we all know selling unregistered securities is legal when they are profitable and illegal when they are not. Thats what the law says.



Please get your facts straight before claiming to know anything. US-Law is not World-Law. Asicminer was only illegal in china as long as they didnt paid the investment back to the shareholders. They did so now are they legal.
And if its illegal to sell shares to US-Citizens doesnt care me either. Iam no US-Citizen so its a legal security. So let me see the try of the USA to threaten a chinese security run by chinese persons.
*sigh*

It's worth considering that these "shares" were offered on a US-based unlicensed exchange to US persons, making the entire enterprise fraud in the eyes of US regulators, and putting it under SEC jurisdiction.  Unpleasant, but that's how it is.
Puppet
Legendary
*
Offline Offline

Activity: 966


View Profile
October 23, 2013, 05:56:05 PM
 #283

Please get your facts straight before claiming to know anything. US-Law is not World-Law. Asicminer was only illegal in china as long as they didnt paid the investment back to the shareholders. They did so now are they legal.
And if its illegal to sell shares to US-Citizens doesnt care me either. Iam no US-Citizen so its a legal security. So let me see the try of the USA to threaten a chinese security run by chinese persons.

Oh man, how often does one have to explain this? US law applies to the US market. A chinese selling stock in a Lebanese company through an unlicensed exchange based in Malta and hosted in Belize *is* breaking US security laws if those stocks are readily available to US investors. Why do you think BSTCT closed its doors? Why do you think BF doesnt want US investors?

Now, here is the clue.  In the above sentence replace "US" with any other civilized country in the world you want, and the same applies. Didnt I just quote the relevant part that concerns Hong Kong's SFC ? You want me to dig up the same laws for EU countries? Japan? Russia? The essence is identical everywhere. Well, who knows,  maybe not in Nauru, but since these securities are offered on all other markets too, that doesnt change a bloody thing other than that the Nauru government may not care.
superduh
Hero Member
*****
Offline Offline

Activity: 602


View Profile
October 23, 2013, 07:39:32 PM
 #284

sam, we've been waiting. it's almost end of oct when you "reassured" us that labcoin was undervalued and we would be surprised. can you come back and let us know the state of affairs. it's looking worse by the day and you logging in and saying nothing DOESNT help.

ok
SebastianJu
Legendary
*
Offline Offline

Activity: 1988


Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
October 23, 2013, 08:15:08 PM
 #285

Puppet... till now no one feared the chinese government because of selling shares. btcgarden only closed because of the risks involved with chinese crowdfunding, as far as i know. And friedcat always checked out such potential legal risks to Asicminer. I mean it would be pretty stupid to risk all his income. So if you now start to generally question the legality then why not start at bitcoins? Its still a gray area and governments would have any right to forbid bitcoins. That happened with many regional currencies before often too.

So far i trust friedcat more than your legal advice in a anyway legal gray area.
Puppet
Legendary
*
Offline Offline

Activity: 966


View Profile
October 23, 2013, 08:28:27 PM
 #286

Puppet... till now no one feared the chinese government because of selling shares. btcgarden only closed because of the risks involved with chinese crowdfunding, as far as i know. And friedcat always checked out such potential legal risks to Asicminer. I mean it would be pretty stupid to risk all his income. So if you now start to generally question the legality then why not start at bitcoins? Its still a gray area and governments would have any right to forbid bitcoins. That happened with many regional currencies before often too.

So far i trust friedcat more than your legal advice in a anyway legal gray area.

I did not start just now, Ive warned of this when GLBSE opened its doors. Its always been just a matter of time, the laws are completely unambiguous when it comes to trading unregistered securities. At the latest I would have expected people to open their eyes when Pirate was charged for selling unregistered and fraudulent securities.

As for bitcoin itself, I dont see anything clearly illegal about that. There is some faint doubt as to whether or not mining in the US could be considered money transmission and fall under those regulations, but that seems like a stretch to me and no one expects that to be enforced.

Of course once colored coins get used, that may change, if these colored coins represent securities, that has the potential to threaten bitcoin, but the prime risk always has been and always will be issuing and selling of unregistered assets. Thats true for Asicminer just as well, if he is selling to US (EU, Japan, whatever) investors and taking no measures to prevent that, he is breaking US (EU,..)  security regulations. Clearly, exchanges will be the target of SEC and similar regulators first, so I dont expect any action against asicminer, but if you ever feel duped, you have a legal slam dunk case.


btw, for the record: buying unregistered securities is not against the law, in case you wondered.
JohnyBigs
Sr. Member
****
Offline Offline

Activity: 364


View Profile
October 23, 2013, 08:32:54 PM
 #287

in other news a dividend of 16.75BTC was paid, maybe this was due to down time, or maybe they increased hash. With Sam who knows! Still awaiting magical hash.io guest account
SebastianJu
Legendary
*
Offline Offline

Activity: 1988


Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
October 23, 2013, 08:36:30 PM
 #288

Looks like we got a div today finally... though its lower than 2 days.
bitmoon
Sr. Member
****
Offline Offline

Activity: 242


View Profile
October 23, 2013, 08:45:40 PM
 #289

Looks like we got a div today finally... though its lower than 2 days.

looks like he decreased hash.  sam most likely got medical problem, some personality lackness, i bet on it.
SebastianJu
Legendary
*
Offline Offline

Activity: 1988


Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
October 23, 2013, 08:51:51 PM
 #290

Looks like we got a div today finally... though its lower than 2 days.

looks like he decreased hash.  sam most likely got medical problem, some personality lackness, i bet on it.


He gave up deleting posts here (it was quite the work though) and posting images. The ghash.io public account isnt available either.
If things dont move soon, be it answers, pictures or growing hashrate ill connect with NineLive and stock up his budget for the PI.
Squirrel Dearing
Sr. Member
****
Offline Offline

Activity: 270



View Profile
October 23, 2013, 08:52:58 PM
 #291

Looks like we got a div today finally... though its lower than 2 days.

looks like he decreased hash.  sam most likely got medical problem, some personality lackness, i bet on it.

Well, if the numbers are correct, then the dividend per share went up so, in theory, LC hashed more..

|



        ▄▄
      ▄████▄
    ▄████████▄
  ▄████████████▄
▄████████████████▄
██████████████████
██████████████████
██████████████████
██████████████████
██████████████████
██████████████████
██████████████████
▀████████████████▀
  ▀████████████▀
    ▀████████▀
      ▀████▀
        ▀
                                    ▄████████████████████
                                  ▄████                ██
                                ▄██▀ ██                ██
                              ▄██▀   ██                ██
                            ▄██▀     ██                ██
        ▄████████████████████▀       ██                ██
      ▄██▀              ▄██▀         ██                ██
    ▄██▀              ▄██▀           ██                ██
  ▄██▀              ▄██▀             ██                ██
▄██▀              ▄██▀               ██                ██
████████████████████▀                ██                ██
██                ██                 ████████████████████
██                ██               ▄██▀               ▄██
██                ██             ▄██▀               ▄██▀
██                ██           ▄██▀               ▄██▀
██                ██         ▄██▀               ▄██▀
██                ██       ▄█████████████████████▀
██                ██     ▄██▀
██                ██   ▄██▀
██                ██ ▄██▀
██                ████▀
████████████████████▀
aI
gang



        ▄▄
      ▄████▄
    ▄████████▄
  ▄████████████▄
▄████████████████▄
██████████████████
██████████████████
██████████████████
██████████████████
██████████████████
██████████████████
██████████████████
▀████████████████▀
  ▀████████████▀
    ▀████████▀
      ▀████▀
        ▀
   
|
kingcrimson
Legendary
*
Offline Offline

Activity: 1024


View Profile
October 23, 2013, 09:03:30 PM
 #292

Puppet... till now no one feared the chinese government because of selling shares. btcgarden only closed because of the risks involved with chinese crowdfunding, as far as i know. And friedcat always checked out such potential legal risks to Asicminer. I mean it would be pretty stupid to risk all his income. So if you now start to generally question the legality then why not start at bitcoins? Its still a gray area and governments would have any right to forbid bitcoins. That happened with many regional currencies before often too.

So far i trust friedcat more than your legal advice in a anyway legal gray area.

Of course once colored coins get used, that may change, if these colored coins represent securities, that has the potential to threaten bitcoin

Agreed, if they use the blockchain to represent colored coins/securities, it will give them ammo to go after the entire Bitcoin protocol. Or if Ken creates an alt coin, then the exchange it's hosted on would be targeted.

These solutions are a step ahead right now, but only one step.
SebastianJu
Legendary
*
Offline Offline

Activity: 1988


Legendary Escrow Service - Tip Jar in Profile


View Profile WWW
October 23, 2013, 09:51:28 PM
 #293

Looks like we got a div today finally... though its lower than 2 days.

looks like he decreased hash.  sam most likely got medical problem, some personality lackness, i bet on it.

Well, if the numbers are correct, then the dividend per share went up so, in theory, LC hashed more..


I doubt that a bit since they paid so late. They paid 11 hours earlier the day the last days. Time to earn more bitcoins in these hours.

Puppet... till now no one feared the chinese government because of selling shares. btcgarden only closed because of the risks involved with chinese crowdfunding, as far as i know. And friedcat always checked out such potential legal risks to Asicminer. I mean it would be pretty stupid to risk all his income. So if you now start to generally question the legality then why not start at bitcoins? Its still a gray area and governments would have any right to forbid bitcoins. That happened with many regional currencies before often too.

So far i trust friedcat more than your legal advice in a anyway legal gray area.

Of course once colored coins get used, that may change, if these colored coins represent securities, that has the potential to threaten bitcoin

Agreed, if they use the blockchain to represent colored coins/securities, it will give them ammo to go after the entire Bitcoin protocol. Or if Ken creates an alt coin, then the exchange it's hosted on would be targeted.

These solutions are a step ahead right now, but only one step.

Friedcat stated something interesting:

Blockchain-based exchange out of pre-alpha (whether to migrate whole ASICMiner database is still a serious debating topic).

Though its open what that really means.
ishkur
Full Member
***
Offline Offline

Activity: 219


View Profile
October 23, 2013, 09:56:42 PM
 #294

This is gonna get ugly

SFC is getting involved

Sell while young still can
Puppet
Legendary
*
Offline Offline

Activity: 966


View Profile
October 23, 2013, 10:01:21 PM
 #295

This is gonna get ugly

SFC is getting involved

Sell while young still can

Hopefully it will get ugly for the scammers. As an investor, you have little to fear from the SFC, although in all likelihood, also little to look forward to.



Friedcat stated something interesting:

Blockchain-based exchange out of pre-alpha (whether to migrate whole ASICMiner database is still a serious debating topic).

Though its open what that really means.

It means colored coins. I dont like it, its a neat concept but if its integrated in the bitcoin blockchain, its putting bitcoin itself at risk IMO.
superduh
Hero Member
*****
Offline Offline

Activity: 602


View Profile
October 23, 2013, 10:07:36 PM
 #296

any gov involvement hurts investors at this point as well.
lose, lose, lose is the game

ok
Bitcycle
Sr. Member
****
Offline Offline

Activity: 420


View Profile
October 23, 2013, 11:33:59 PM
 #297

any gov involvement hurts investors at this point as well.
lose, lose, lose is the game

Alternatively, Sam could act like a responsible adult and communicate.
ishkur
Full Member
***
Offline Offline

Activity: 219


View Profile
October 24, 2013, 05:28:12 AM
 #298

any gov involvement hurts investors at this point as well.
lose, lose, lose is the game

Alternatively, Sam could act like a responsible adult and communicate.

It's to late for that. 

Sou
Full Member
***
Offline Offline

Activity: 210


(Bitcoin related text here)


View Profile
October 24, 2013, 05:50:11 AM
 #299

This is gonna get ugly

SFC is getting involved

Sell while young still can

Hopefully it will get ugly for the scammers. As an investor, you have little to fear from the SFC, although in all likelihood, also little to look forward to.



Friedcat stated something interesting:

Blockchain-based exchange out of pre-alpha (whether to migrate whole ASICMiner database is still a serious debating topic).

Though its open what that really means.

It means colored coins. I dont like it, its a neat concept but if its integrated in the bitcoin blockchain, its putting bitcoin itself at risk IMO.

Putting the Blockchain at risk? Please elaborate.
Puppet
Legendary
*
Offline Offline

Activity: 966


View Profile
October 24, 2013, 06:31:55 AM
 #300

Putting the Blockchain at risk? Please elaborate.

essentially every bitcoin client will become part of a distributed unregulated security exchange, which might be considered illegal by regulators just about anywhere.  Now whether or not such interpretation would stand up in court, I have no idea, but Id rather not see them get the chance to try it.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 [15] 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!