Freaking irritating!

[dhmctrader]

CCN: Breaking: SEC Charges EtherDelta Founder with Operating Unregistered Exchange.
https://www.ccn.com/breaking-sec-charges-etherdelta-founder-with-operating-unregistered-exchange/

[Febo]

CCN: Breaking: SEC Charges EtherDelta Founder with Operating Unregistered Exchange.
https://www.ccn.com/breaking-sec-charges-etherdelta-founder-with-operating-unregistered-exchange/

This is first test how decentralized this exchange is. If it will somehow cease to exist then is not that decentralized.

[TwSeventh]

CCN: Breaking: SEC Charges EtherDelta Founder with Operating Unregistered Exchange.
https://www.ccn.com/breaking-sec-charges-etherdelta-founder-with-operating-unregistered-exchange/

This is first test how decentralized this exchange is. If it will somehow cease to exist then is not that decentralized.

It is like they are testing our bottom line by doing this kind of shit, if the community remains calm after they do this and the founder of EtherDelta fulfill what they are asking for to him, i bet they will start it massively and i also believe they will act as their please by closing some exchange and many things that they will do in the future.
i really hate when they said this 'it is all about investor, we need to protect them'.

[Hamphser]

CCN: Breaking: SEC Charges EtherDelta Founder with Operating Unregistered Exchange.
https://www.ccn.com/breaking-sec-charges-etherdelta-founder-with-operating-unregistered-exchange/

This is first test how decentralized this exchange is. If it will somehow cease to exist then is not that decentralized.

It is like they are testing our bottom line by doing this kind of shit, if the community remains calm after they do this and the founder of EtherDelta fulfill what they are asking for to him, i bet they will start it massively and i also believe they will act as their please by closing some exchange and many things that they will do in the future.
i really hate when they said this 'it is all about investor, we need to protect them'.

Common line of them and even myself do really hate it which they can give out a reason but eventually they are really upto something more deeper.They do really like to dig and test out on where crypto community can sustain.Knowing that government do really try all sorts of things as they pleases and do tends to control or seize up those things that uncontrollable and im quite surprised that ED had to deal with it.

[Brawnsugar]

CCN: Breaking: SEC Charges EtherDelta Founder with Operating Unregistered Exchange.
https://www.ccn.com/breaking-sec-charges-etherdelta-founder-with-operating-unregistered-exchange/

This is first test how decentralized this exchange is. If it will somehow cease to exist then is not that decentralized

I'm not sure the SEC clamping down on exchanges is the best way to go. I mean there are scam projects out there in the space, fleecing people of their hard earned money, they should beam their searchlight on those. I guess this like you've said will be the true test of ED as a DEX.

[tabas]

I'm not sure the SEC clamping down on exchanges is the best way to go. I mean there are scam projects out there in the space, fleecing people of their hard earned money, they should beam their searchlight on those. I guess this like you've said will be the true test of ED as a DEX.

As a test, they have to check all of those exchanges first before going through those scam projects. Those projects won't even be sellable if there's no exchange to be listed.

[yugyug]

To sustain in this crypto world all roads will lead to securities and regulations. As many of the scam coins and scam projects arises each month and it is much better to protect the investors' money. All the investors' wants are assurance and security of their investments and that's why the government is trying to help for this could be a good benefit for the crypto market as a whole not only to decentralized exchanges but also a strict regulation for any upcoming and existing crypto projects.

[hardinero007]

CCN: Breaking: SEC Charges EtherDelta Founder with Operating Unregistered Exchange.
https://www.ccn.com/breaking-sec-charges-etherdelta-founder-with-operating-unregistered-exchange/

this explains why crypto prices have suddenly declined after few days of bullrun.  sob   is etherdelta operating under US governance?  if etherdelta is registered somewhere overseas, then I think US SEC has no authority to be charged.  at most, its site may be blocked in US territory.

[Kotone]

CCN: Breaking: SEC Charges EtherDelta Founder with Operating Unregistered Exchange.
https://www.ccn.com/breaking-sec-charges-etherdelta-founder-with-operating-unregistered-exchange/

Yes definitely. What's really bothering is the future crackdowns of other decentralized exchange. I wonder what IDEX would feel now. Hopefully they are not also going to have the same fate.

[leavolnhals]

CCN: Breaking: SEC Charges EtherDelta Founder with Operating Unregistered Exchange.
https://www.ccn.com/breaking-sec-charges-etherdelta-founder-with-operating-unregistered-exchange/

wow, it looks like the SEC does not participate in the crypto market but they still enforce the law outside the market. That is a dangerous thing. We need to be careful with the trading floors and need to analyze and learn more thoroughly about the trading platform that is sure to be safe for us.

[jacafbiz]

CCN: Breaking: SEC Charges EtherDelta Founder with Operating Unregistered Exchange.
https://www.ccn.com/breaking-sec-charges-etherdelta-founder-with-operating-unregistered-exchange/

This is first test how decentralized this exchange is. If it will somehow cease to exist then is not that decentralized.

This is a really big threat to the decentralized exchange model, I read sometimes ago that Idex would start blocking IP from US, I think the got hold of this information and want to be proactive,  if Decetralised exchanges go under then this would give ceentralised exchanges more power and hold developer hostage and need to pay through their nose to get listed on this exchanges. I know what SEC is doing is applying Scapegoat theory and wait and see the ripple effect in the space

[qiman]

The SEC is just an instrument to rob money form people. Every time a company or business gets large and they see people profiting, they will do whatever it takes to shut it down and rob people of their livelihoods. All I can say right now is that I am glad I no longer live in the U.S. Twice the SEC ruined my livelihood to the point of near homelessness, so am happy I left a few years ago, moving to Europe was the best thing I ever did so far.

[Febo]

CCN: Breaking: SEC Charges EtherDelta Founder with Operating Unregistered Exchange.
https://www.ccn.com/breaking-sec-charges-etherdelta-founder-with-operating-unregistered-exchange/

This is first test how decentralized this exchange is. If it will somehow cease to exist then is not that decentralized.

This is a really big threat to the decentralized exchange model, I read sometimes ago that Idex would start blocking IP from US, I think the got hold of this information and want to be proactive,  if Decetralised exchanges go under then this would give ceentralised exchanges more power and hold developer hostage and need to pay through their nose to get listed on this exchanges. I know what SEC is doing is applying Scapegoat theory and wait and see the ripple effect in the space

You simply cant shot down a truly decentralized exchange.  I believe none thru decentralized exchange exist right now. Closest to it is BisQ.   Most of other DEX that were founded thru ICOs are totally centralized and can be closed by governments all around the world in a second.  BisQ is working hard for 4 years now. Without any ICO or anything. But this is a really tough challenge.

[Sylvial]

The truth is that all the exchanges in the crypto space at the moment are centralized and they're prone to government regulations like the SEC. So even all the DEXes are not truly decentralized and are there not immune to regulations. Let's see how Etherdelta comes out of this unscathed.

[bob3772]

CCN: Breaking: SEC Charges EtherDelta Founder with Operating Unregistered Exchange.
https://www.ccn.com/breaking-sec-charges-etherdelta-founder-with-operating-unregistered-exchange/

This is first test how decentralized this exchange is. If it will somehow cease to exist then is not that decentralized.

I don't think that we have any truly decentralized exchanges as of yet. I do suspect that in time we'll have an exchange that has no entity controlling its development, maintenance etc. Hopefully some sort of open source exchange in which all users are in control of their own funds and the trades that they execute. A lot of DEX's currently are more like hybrids between a centralized and a decentralized exchange, mostly around the fact that they don't hold users funds.

[synechist]

CCN: Breaking: SEC Charges EtherDelta Founder with Operating Unregistered Exchange.
https://www.ccn.com/breaking-sec-charges-etherdelta-founder-with-operating-unregistered-exchange/

This is first test how decentralized this exchange is. If it will somehow cease to exist then is not that decentralized.

I don't think that we have any truly decentralized exchanges as of yet. I do suspect that in time we'll have an exchange that has no entity controlling its development, maintenance etc. Hopefully some sort of open source exchange in which all users are in control of their own funds and the trades that they execute. A lot of DEX's currently are more like hybrids between a centralized and a decentralized exchange, mostly around the fact that they don't hold users funds.

I have an obvious conflict of interest here, but I've spent the last 4 years working on the Blocknet, which meets the requirements for a completely decentralized exchange.

Quick summary:
To decentralise an exchange, at a minimum you have to decentralize the four core functions of an exchange:
- capital storage
- order broadcast
- order matching
- settlement

Over and above that, you certainly need:
- open source code
- no company or central legal entity
- globally distributed community of developers
- no entity with control over trades
- no central control over listings

We've done all of this.
Check out https://blocknet.co

[damberg]

CCN: Breaking: SEC Charges EtherDelta Founder with Operating Unregistered Exchange.
https://www.ccn.com/breaking-sec-charges-etherdelta-founder-with-operating-unregistered-exchange/

wow, it looks like the SEC does not participate in the crypto market but they still enforce the law outside the market. That is a dangerous thing. We need to be careful with the trading floors and need to analyze and learn more thoroughly about the trading platform that is sure to be safe for us.

It would be better for retail investors to track and find scam exchanges, not these well working. Honestly, I think SEC looks for its place in a quite new market of crypto, and tries to test its enforcing power here.

[the1arty]

CCN: Breaking: SEC Charges EtherDelta Founder with Operating Unregistered Exchange.
https://www.ccn.com/breaking-sec-charges-etherdelta-founder-with-operating-unregistered-exchange/

Yes, that is quite a punch, not to Etherdelta, as that is not that big of a fine for them, but for the crypto industry.
Thus, they will control decentralized exchanges, as you will be needed to do KYC. I guess swap services, such as Bancor may benefit from that a lot.

[Leah38]

This is alarming. This will cause raucous on other decentralized exchange. I trade on decentralized exchage because its easy to trade and its easier for altcoins to be listed and traded right after ICO.
Why don't they just focus on cryptocurrency ICO regulations so they can filter out and stop those ever growing scam ICOs. I will be one of the first to support them at that.

[binhvo1505]

CCN: Breaking: SEC Charges EtherDelta Founder with Operating Unregistered Exchange.
https://www.ccn.com/breaking-sec-charges-etherdelta-founder-with-operating-unregistered-exchange/

There are many unregistered trading floors in this market but the SEC has not found it yet. This is a free market and it would be a great advantage if the SEC and the government did not participate in our market. We make money through the same illegal business as EtherDelta.