rpietila Altcoin Observer

[ArticMine]

...
It might satisfy it, I don't really know what Supernet is.  Very possibly it does, from what I've read of it.  Ethereum has perhaps a similar issue.
Certainly none of the other items on offer at poloniex would satisfy that test.
Open sourced distributed developed software money is neither a common enterprise, nor does it depend solely on the efforts of#4.
Centralized development can become problematic however as it pushes the line closer to #4.

#2 Expectation of profits...  There seems to be quite a bit of that being promulgated.

When it comes to Ethereum the ether itself may of many not meet the test, but I fail to see how the promise to create or deliver the ether in the winter or 2015/2015 does not meet the test.

Also, please note that before the release of the Genesis Block in the winter of 2014/2015, ether will not be usable in any way, in fact it won’t technically be created until that point in time.

https://www.ethereum.org/

[ShroomsKit_Disgrace]

OMG! Monero! is it totally broken? 

[klee]

People tend to forget easily (GLBSE, BTCT, Bitfunder)

[rpietila]

OMG! Monero! is it totally broken? 

No need to say the same thing in every thread. Esp. as I know that you're techically lying, i.e. creating an impression of being worried and actually wanting to buy low.

[AnonyMint]

We don't have much time remaining:

http://armstrongeconomics.com/2014/09/03/ecuador-will-be-the-first-country-to-start-digital-currency/

Powers-that-be are also taking control over Butthurtcoin, with mining centralized in a couple of pools, and soon the money supply locked up off-chain:

https://bitcointalk.org/index.php?topic=400235.msg8649126#msg8649126
https://bitcointalk.org/index.php?topic=400235.msg8663871#msg8663871

[rpietila]

We don't have much time remaining:

http://armstrongeconomics.com/2014/09/03/ecuador-will-be-the-first-country-to-start-digital-currency/

Powers-that-be are also taking control over Buttcoin, with mining centralized in a couple of pools, and soon the money supply locked up off-chain:

https://bitcointalk.org/index.php?topic=400235.msg8649126#msg8649126
https://bitcointalk.org/index.php?topic=400235.msg8663871#msg8663871

And your remedy to the situation is what? First of all, I am a little surprised of your continued compliance. We would not need any coins if all the people just decided that enough is enough. The problem is not economy, it is the perpetrators of injustice.

[Lohoris]

And the Poloniex IPO hasn't even started yet

Busoni will be bankrupted by lawsuits in 6 months if that happens.  It would be the end of Poloniex.  The IPO is unequivocally illegal under U.S. law.  The exchange will be responsible for any and all losses to investors.

After all the security debacles he's been under, honestly I expect no sense at all coming from him.
Poloniex has been on top of the list of the "going to die soon one way or another" for many months so far.
The fact that it still hasn't died doesn't mean anything.
Anyone keeping funds there must be either insane or terribly misinformed (i.e. and it definitely isn't sane to keep funds "random somewhere").

[Lohoris]

The case caused me to lose any respect towards the organization pulling such a trick. If they regard me as scum, so be it both ways.

There is no limit whatsoever these sad clowns will do if we let them. They can make any laws and when they are not convenient, change them, amend them, or just act irrespective of them. The less people resist this fuckery, the easier it is for them to continue. The first point of realization would be to realize that any use of force or threat thereof, towards your freedom, is a crime. On their part, not yours.

I somewhat agree this is often the case, but generalising and saying "no force full stop" turns it into an utopian anarchy which exists only in fools' dreams.

If there isn't someone entitled to the use of force to mantain order, someone else will just decide to use force to his own advantage: this is anarchy.

So, unless you plan to become a Warlord in a world controlled solely by Warlords (in that case please let me know and I'll consider moving into your territory if that happens), you should aim to fix the government, not just to bash it.

[yeasee]

My friend told me that this topic is a high quatity about altcoin.I just buy some XCR and i think this price of XCR is too low,what do u think?

[NewLiberty]

...
It might satisfy it, I don't really know what Supernet is.  Very possibly it does, from what I've read of it.  Ethereum has perhaps a similar issue.
Certainly none of the other items on offer at poloniex would satisfy that test.
Open sourced distributed developed software money is neither a common enterprise, nor does it depend solely on the efforts of#4.
Centralized development can become problematic however as it pushes the line closer to #4.

#2 Expectation of profits...  There seems to be quite a bit of that being promulgated.

When it comes to Ethereum the ether itself may of may not meet the test, but I fail to see how the promise to create or deliver the ether in the winter or 2015/2015 does not meet the test.

Also, please note that before the release of the Genesis Block in the winter of 2014/2015, ether will not be usable in any way, in fact it won’t technically be created until that point in time.

https://www.ethereum.org/

Yes, promises to deliver in the future are a problem point with regulations, and very often with civil action.

Some distinction should be made between the offering parties (coin-makers) and the exchange.  Those doing securitization are bearing the bigger risks.
The Exchanges as a group tend to get a lighter hand though, unless they partake in the offerings in a material way.
They tend to get a pass on the Electronic Communication Network exclusions.  There are a bunch of "No-Action Letters" for Instanet and BATS System because the SEC repeatedly rules that it is an ECN communicating quotes for asks and offers.  Taking a commission on the trades from system subscribers is fine.
It starts to cross the lines when Broker and Dealer activities begin.  If an ECN is trading its own book, or making any sort of financial advisement, its trouble.

[vuduchyld]

It might satisfy it, I don't really know what Supernet is.  Very possibly it does, from what I've read of it.  Ethereum has perhaps a similar issue.
Certainly none of the other items on offer at poloniex would satisfy that test.
Open sourced distributed developed software money is neither a common enterprise, nor does it depend solely on the efforts of#4.
Centralized development can become problematic however as it pushes the line closer to #4.

#2 Expectation of profits...  There seems to be quite a bit of that being promulgated.

Not trying to be super picky with your post...I respect your thoughts immensely.

There is one other item at Poloniex, "JLH", that is basically a basket of NXT exchange assets collected by jl7777, that I think might also satisfy the test. 

Again, not trying to be a jerk and I wouldn't expect anybody to be familiar with every obscure listing on Poloniex.  But that one might also fit.

[AnonyMint]

We don't have much time remaining:

http://armstrongeconomics.com/2014/09/03/ecuador-will-be-the-first-country-to-start-digital-currency/

Powers-that-be are also taking control over Buttcoin, with mining centralized in a couple of pools, and soon the money supply locked up off-chain:

https://bitcointalk.org/index.php?topic=400235.msg8649126#msg8649126
https://bitcointalk.org/index.php?topic=400235.msg8663871#msg8663871

And your remedy to the situation is what? First of all, I am a little surprised of your continued compliance. We would not need any coins if all the people just decided that enough is enough. The problem is not economy, it is the perpetrators of injustice.

I am not complying. But the fruits of my efforts are not yet visible, and quite possibly might arrive too late. I did light a fire under my butt just now though.

We can't fight by just openly refusing to comply, because there are enough people who are going to stand with the sinking Titanic and grab us on the way down to make sure we sink with them.

Imo, the only way we can fight is with technology. The geographical frontiers are closing. As Armstrong says, "you can't jump on a boat, plane, train, or car with gold and go make a new life some where".

The case caused me to lose any respect towards the organization pulling such a trick. If they regard me as scum, so be it both ways.

There is no limit whatsoever these sad clowns will do if we let them. They can make any laws and when they are not convenient, change them, amend them, or just act irrespective of them. The less people resist this fuckery, the easier it is for them to continue. The first point of realization would be to realize that any use of force or threat thereof, towards your freedom, is a crime. On their part, not yours.

I somewhat agree this is often the case, but generalising and saying "no force full stop" turns it into an utopian anarchy which exists only in fools' dreams.

If there isn't someone entitled to the use of force to mantain order, someone else will just decide to use force to his own advantage: this is anarchy.

So, unless you plan to become a Warlord in a world controlled solely by Warlords (in that case please let me know and I'll consider moving into your territory if that happens), you should aim to fix the government, not just to bash it.

Imagine a world where everyone is armed with individual technology which thwarts force. Then we don't need the government to protect us from warlords.

Welcome to the Knowledge Age.

[AnonyMint]

I hope everyone realizes I was correct when I wrote "Bitcoin : The Digital Kill Switch" in March 2013.

Don't you see? The powers-that-be planted Bitcoin in order to force the nation-states to adopt their own digital currencies.

Thud! It just hit my consciousness.

We don't have much time remaining:

http://armstrongeconomics.com/2014/09/03/ecuador-will-be-the-first-country-to-start-digital-currency/

Powers-that-be are also taking control over Butthurtcoin, with mining centralized in a couple of pools, and soon the money supply locked up off-chain:

https://bitcointalk.org/index.php?topic=400235.msg8649126#msg8649126
https://bitcointalk.org/index.php?topic=400235.msg8663871#msg8663871

My original theory of Bitcoin was that it was created by TPTB to suck in the high-tech libertarians and keep them preoccupied on speculation and greed so they wouldn't actually develop Nick Szabo's idea into something that could actually challenge the NWO plan. It seems they are succeeding. The ETFs will be concrete boots on Bitcoin...

We sent out a request of information regarding Ecuadorian bitcoinpolicies to the central bank of Ecuador since we recently have imported the first Lamassu bitcoin ATM machine into the country. You can read the responses from the Ecuadorian Central Bank and the Superintendencia de Bancos y Seguros here: https://www.mediafire.com/?lbmdn0677s8tx1e

So Ecuador are following in the footsteps of Bolivia and have decided to effectively ban every business model that has to do with Bitcoins and seize total control of the money system. The central bank will launch their own "electronic money"-system based on the USD later this year.

So right now we need to get rid of the Lamassu ATM-machine. It's completely new. I can ship it with FedEx anywhere in the world. And it can be picked up in Quito, Ecuador as well.

Taking bids on the machine, will sell to highest bidder! Price new was $5000 and it was a 3 month waiting time to get it delivered. If you buy it from me, you will have it sent straight away with FedEx or any other courier you wish to use. It is possible to do escrow on the deal as well.

Who am I? I used to sell bitcoins on localbitcoins under the name BitcoinsEcuador : https://localbitcoins.com/accounts/profile/bitcoinsecuador/ Until someone hijacked my localbitcoins-account, so the account has unfortunately been banned, but you can search for BitcoinsEcuador on the localbitcoins forum and those posts will explain the situation surrounding the hijacking. I'm back on localbitcoins as bitcoinsecuador2 : https://localbitcoins.com/accounts/profile/bitcoinsecuador2/ If you contact me and are interested in buying the machine I can give you more verification of my identity.

Matthew at Lamassu is also aware of our situation regarding the ATM, you can talk to him as well. matthew.carano@lamassu.is

For more information on the Lamassu bitcoin ATM read more on https://lamassu.is

E-mail: bitcoinsecuador@countermail.com

 Ecuador is planning to create the world's first government-issued digital currency, which some analysts believe could be a first step toward abandoning the country's existing currency, the U.S. dollar, which the government cannot control.

The virtual currency, which Central Bank officials say they expect will start circulating in December, does not yet have a name and officials would not disclose technical details, though they said it would not be like Bitcoin. The amount of the new currency created would depend on demand.

Deputy director Gustavo Solorzano said it is to exist in tandem with the greenback and, by law, be backed by liquid assets. It would be geared toward the 2.8 million Ecuadoreans - 40 percent of participants in the economy - too poor to afford traditional banking, officials say.

Users initially will be able to make and receive payments at minimal cost using their cellphones, Solorzano said. Such mobile payments schemes are already popular in African nations including Kenya and Tanzania, where they are privately run.

The new currency was approved, and stateless crypto-currencies such as Bitcoin simultaneously banned, by Ecuador's National Assembly last month.

http://hosted.ap.org/dynamic/stories/L/LT_ECUADOR_DIGITAL_MONEY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-08-29-08-28-04


-----------------------------------------------------------
That's socialism for you: ban what is free and open and make it closed and not free...  

[Lohoris]

I somewhat agree this is often the case, but generalising and saying "no force full stop" turns it into an utopian anarchy which exists only in fools' dreams.

If there isn't someone entitled to the use of force to mantain order, someone else will just decide to use force to his own advantage: this is anarchy.

So, unless you plan to become a Warlord in a world controlled solely by Warlords (in that case please let me know and I'll consider moving into your territory if that happens), you should aim to fix the government, not just to bash it.

Imagine a world where everyone is armed with individual technology which thwarts force. Then we don't need the government to protect us from warlords.

Welcome to the Knowledge Age.

Like, personal force-fields, both wearable and protecting your valuables?
Well, this is SciFi.
I love SciFi, mind.
Now, back to the present...

[devphp]

...nation-states to adopt their own digital currencies.

And what does that change? Most developed nations already use digital currency, as most payments are in electronic form. How does this affect crypto currencies though, which are stateless? Care to explain?

[aminorex]

The problem is not economy, it is the perpetrators of injustice.

That's what the Jacobins, the Bolsheviks, the Nazis, the Khmer Rouge, the People's Liberation Army, and ISIL said.
Even winning the revolution does not constitute winning simpliciter.

Compliance sits ill on the shoulders of a living lion, but it is usually the course of wisdom and humility.
The first and foremost battle is always the battle of self-control.
Achieving a revolution technologically is a proven path to transformative change, and the builders of that future are generally advantaged by it.

[NewLiberty]

It might satisfy it, I don't really know what Supernet is.  Very possibly it does, from what I've read of it.  Ethereum has perhaps a similar issue.
Certainly none of the other items on offer at poloniex would satisfy that test.
Open sourced distributed developed software money is neither a common enterprise, nor does it depend solely on the efforts of#4.
Centralized development can become problematic however as it pushes the line closer to #4.

#2 Expectation of profits...  There seems to be quite a bit of that being promulgated.

Not trying to be super picky with your post...I respect your thoughts immensely.

There is one other item at Poloniex, "JLH", that is basically a basket of NXT exchange assets collected by jl7777, that I think might also satisfy the test. 

Again, not trying to be a jerk and I wouldn't expect anybody to be familiar with every obscure listing on Poloniex.  But that one might also fit.

Good catch, I don't know anything about what they are doing with that.
You may well be right about this.  It will depend on the facts.
If Poloniex is putting together these baskets, or has an interest in them, or is involved in some way other than merely posting bid and ask prices, they could have problems.
If these are just items that someone else, jl777 maybe, is putting up for sale, and poloniex is merely acting as the electronic communication network, they could very well be in the clear on this too.

If I were their legal adviser I might suggest that they seek out a No-Action letter from the SEC and clearly define their involvement with the questionable issues.

[Este Nuno]

My friend told me that this topic is a high quatity about altcoin.I just buy some XCR and i think this price of XCR is too low,what do u think?

Maybe it's low. The idea of merchants registering their addresses is new and interesting, but it sounds like a very centralised solution so I'm not sure how people will react.

[AnonyMint]

I somewhat agree this is often the case, but generalising and saying "no force full stop" turns it into an utopian anarchy which exists only in fools' dreams.

If there isn't someone entitled to the use of force to mantain order, someone else will just decide to use force to his own advantage: this is anarchy.

So, unless you plan to become a Warlord in a world controlled solely by Warlords (in that case please let me know and I'll consider moving into your territory if that happens), you should aim to fix the government, not just to bash it.

Imagine a world where everyone is armed with individual technology which thwarts force. Then we don't need the government to protect us from warlords.

Welcome to the Knowledge Age.

Like, personal force-fields, both wearable and protecting your valuables?
Well, this is SciFi.
I love SciFi, mind.
Now, back to the present...

When the valuables (capital) are your Knowledge and digital assets, no one needs to know who or where they are.

(the SOBs will lose this cycle, and that is why they will need a 666 implant to track our Knowledge and thoughts on the next cycle)

Tangible things are like so totally yesterday. They are declining asymptotically to a cost of 0. Get with the paradigm.

http://www.coolpage.com/commentary/economic/shelby/Demise%20of%20Finance,%20Rise%20of%20Knowledge.html

Economy of Knowledge

Since recorded history began, the knowledge production share of the economy is inexorably increasing, which is why the cost (i.e. relative value) of hard resources has inexorably declined over the centuries (see the chart). Iron was a precious metal 323 B.C..

[rdnkjdi]

Tangible things are like so totally yesterday.

Paris Hilton Miley Cyrus meets crypto quote right there