Bitcoin Forum
September 23, 2019, 06:41:40 PM *
News: If you like a topic and you see an orange "bump" link, click it. More info.
 
   Home   Help Search Login Register More  

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 ... 1157 1158 1159 1160 1161 1162 1163 1164 1165 1166 1167 1168 1169 1170 1171 1172 1173 1174 1175 1176 1177 1178 1179 1180 1181 1182 1183 1184 1185 1186 1187 1188 1189 1190 1191 1192 1193 1194 1195 1196 1197 1198 1199 1200 1201 1202 1203 1204 1205 1206 [1207] 1208 1209 1210 1211 1212 1213 1214 1215 1216 1217 1218 1219 1220 1221 1222 1223 1224 1225 1226 1227 1228 1229 1230 1231 1232 1233 1234 1235 1236 1237 1238 1239 1240 1241 1242 1243 1244 1245 1246 1247 1248 1249 1250 1251 1252 1253 1254 1255 1256 1257 ... 1348 »
  Print  
Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 3898972 times)
supert
Full Member
***
Offline Offline

Activity: 160
Merit: 100



View Profile
October 28, 2014, 08:23:18 PM
 #24121

So...has AM got any grief from the SEC or any plans if it does?
1569264100
Hero Member
*
Offline Offline

Posts: 1569264100

View Profile Personal Message (Offline)

Ignore
1569264100
Reply with quote  #2

1569264100
Report to moderator
1569264100
Hero Member
*
Offline Offline

Posts: 1569264100

View Profile Personal Message (Offline)

Ignore
1569264100
Reply with quote  #2

1569264100
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1569264100
Hero Member
*
Offline Offline

Posts: 1569264100

View Profile Personal Message (Offline)

Ignore
1569264100
Reply with quote  #2

1569264100
Report to moderator
1569264100
Hero Member
*
Offline Offline

Posts: 1569264100

View Profile Personal Message (Offline)

Ignore
1569264100
Reply with quote  #2

1569264100
Report to moderator
MichaelBliss
Hero Member
*****
Offline Offline

Activity: 526
Merit: 500



View Profile
October 28, 2014, 08:29:35 PM
 #24122

So...has AM got any grief from the SEC or any plans if it does?

AM is in China, SEC is an American thing.   The SEC has no jurisdiction beyond the States.
Puppet
Legendary
*
Offline Offline

Activity: 980
Merit: 1008


View Profile
October 28, 2014, 08:55:44 PM
 #24123

AM is in China, SEC is an American thing.   The SEC has no jurisdiction beyond the States.

You must be new here  Roll Eyes

I cant believe how often that BS has been posted and debunked, yet keeps being sprouted.
AM is selling unregistered securities to (unsophisticated) US investors, and therefore subject to SEC regulation, no matter where they are located.  Same goes for EU regulations and investors, Japanese, and basically.. everywhere else.

And so Id say yes, its highly likely AM was among the targeted companies offering securities on directly on bitcointalk:
http://cointelegraph.com/news/112811/us-regulators-one-two-punch-sec-probes-crowdsales-fincen-takes-aim-at-exchanges

The letters are being sent out to companies performing offerings on Counterparty, Cryptostocks, companies hosting offerings with colored coins, and companies who have performed unregistered securities offerings via Bitcoin Talk. In all cases, the SEC is employing a team of researchers to track down the people or companies behind each offering via forum messages, domain registration information, transfers of funds via exchanges and other means.
runam0k
Legendary
*
Offline Offline

Activity: 1050
Merit: 1000


Touchdown


View Profile
October 28, 2014, 09:01:13 PM
 #24124

AM is in China, SEC is an American thing.   The SEC has no jurisdiction beyond the States.

You must be new here  Roll Eyes

I cant believe how often that BS has been posted and debunked, yet keeps being sprouted.
AM is selling unregistered securities to (unsophisticated) US investors, and therefore subject to SEC regulation, no matter where they are located.  Same goes for EU regulations and investors, Japanese, and basically.. everywhere else.

And so Id say yes, its highly likely AM was among the targeted companies offering securities on directly on bitcointalk:
http://cointelegraph.com/news/112811/us-regulators-one-two-punch-sec-probes-crowdsales-fincen-takes-aim-at-exchanges
Correct, but highly unlikely China will assist the SEC in any action, making any action impossible.  Far more likely, the SEC will concentrate its efforts elsewhere.
Chalkbot
Legendary
*
Offline Offline

Activity: 894
Merit: 1000



View Profile
October 28, 2014, 09:11:23 PM
 #24125

AM is in China, SEC is an American thing.   The SEC has no jurisdiction beyond the States.

You must be new here  Roll Eyes

I cant believe how often that BS has been posted and debunked, yet keeps being sprouted.
AM is selling unregistered securities to (unsophisticated) US investors, and therefore subject to SEC regulation, no matter where they are located.  Same goes for EU regulations and investors, Japanese, and basically.. everywhere else.

And so Id say yes, its highly likely AM was among the targeted companies offering securities on directly on bitcointalk:
http://cointelegraph.com/news/112811/us-regulators-one-two-punch-sec-probes-crowdsales-fincen-takes-aim-at-exchanges
Correct, but highly unlikely China will assist the SEC in any action, making any action impossible.  Far more likely, the SEC will concentrate its efforts elsewhere.

What about Havelock/Panama? I'm unfamiliar with the relationship between Panamanian government and US regulatory agencies.
Puppet
Legendary
*
Offline Offline

Activity: 980
Merit: 1008


View Profile
October 28, 2014, 09:13:47 PM
 #24126

Correct, but highly unlikely China will assist the SEC in any action, making any action impossible.  Far more likely, the SEC will concentrate its efforts elsewhere.

Agreed, but they dont have to assist the SEC if we assume they ID-ed friedcat. Is friedcat willing to be charged and prosecuted in the US, even if his government will never extradite him? Fun prospect for a young entrepreneur to never be able to travel to the US. And for that matter, I have no idea if what he is doing is at all legal under Chinese law. Somehow I would be surprised securities would be less regulated in China than in the west. Whether or not Chinese authorities care, who knows, but they do seem to care a lot about bitcoin exchanges..
gogxmagog
Legendary
*
Offline Offline

Activity: 1218
Merit: 1004


View Profile
October 28, 2014, 09:17:53 PM
Last edit: October 29, 2014, 01:59:20 AM by gogxmagog
 #24127

whatever the case may be...I think this subject deserves some sort of comment from AM. They must have some ideas how they will proceed. Better we know now than when it is too late (havelock shuttered)

Can't believe even colored coins and counterparts are under attack too though!?! I thought they were immune to this BS.
Puppet
Legendary
*
Offline Offline

Activity: 980
Merit: 1008


View Profile
October 28, 2014, 09:18:29 PM
 #24128

What about Havelock/Panama? I'm unfamiliar with the relationship between Panamanian government and US regulatory agencies.

Do you really believe the people running Havelock reside in Panama?
Chalkbot
Legendary
*
Offline Offline

Activity: 894
Merit: 1000



View Profile
October 28, 2014, 09:26:32 PM
 #24129

What about Havelock/Panama? I'm unfamiliar with the relationship between Panamanian government and US regulatory agencies.

Do you really believe the people running Havelock reside in Panama?

Well, I guess I don't know much. What do you know about it?
Puppet
Legendary
*
Offline Offline

Activity: 980
Merit: 1008


View Profile
October 28, 2014, 09:31:14 PM
 #24130

Well, I guess I don't know much. What do you know about it?

I dont have facts or inside info either, but its a very safe bet its registered in Panama not because the operators have Panamese nationality or residence, but because its dead easy to register a PO box company there and evade regulation/taxation/etc.
havelock
Sr. Member
****
Offline Offline

Activity: 328
Merit: 250



View Profile WWW
October 28, 2014, 10:14:27 PM
 #24131

Well, I guess I don't know much. What do you know about it?

I dont have facts or inside info either, but its a very safe bet its registered in Panama not because the operators have Panamese nationality or residence, but because its dead easy to register a PO box company there and evade regulation/taxation/etc.

We are located and regulated locally in Panama.

Chalkbot
Legendary
*
Offline Offline

Activity: 894
Merit: 1000



View Profile
October 28, 2014, 10:19:32 PM
 #24132

Well, I guess I don't know much. What do you know about it?

I dont have facts or inside info either, but its a very safe bet its registered in Panama not because the operators have Panamese nationality or residence, but because its dead easy to register a PO box company there and evade regulation/taxation/etc.

We are located and regulated locally in Panama.

Has Havelock commented on whether they received a letter from the SEC, and/or how they would respond to that scenario?
jjdub7
Hero Member
*****
Offline Offline

Activity: 784
Merit: 500



View Profile
October 28, 2014, 11:02:28 PM
 #24133

What about Havelock/Panama? I'm unfamiliar with the relationship between Panamanian government and US regulatory agencies.

Do you really believe the people running Havelock reside in Panama?

Didn't Erik Voorhees relocate to Panama for cryptobusiness operations?


.BITENNY.
Simplify your future

    ▄███i      ████████████████
 ▄██████[      ███████████████████
▄███████[      ████████████████████
████████       █████████████████████
████████       █████████████████████
████████[      █████████████████████
████████[                 █████████
███████[                   ████████
████████[                   ████████
████████                    ████████
████████                    ████████
███████.                   ████████
████████                  ,████████
█████████                 ▄████████
████████████.            ▄██████████
███████████████████████████████████
 █████████████████████████████████
  ▀█████████████████████████████▀`
      ▀██████████████████████▀





Leveraging technology and innovation
to simplify financial asset management and
the payment industry
.WHITEPAPER.
────────────────────────────
....LINKEDIN....



..JOIN NOW..
pedrog
Legendary
*
Offline Offline

Activity: 2282
Merit: 1005



View Profile
October 28, 2014, 11:12:55 PM
 #24134

What about Havelock/Panama? I'm unfamiliar with the relationship between Panamanian government and US regulatory agencies.

Do you really believe the people running Havelock reside in Panama?

Didn't Erik Voorhees relocate to Panama for cryptobusiness operations?

He did.

MichaelBliss
Hero Member
*****
Offline Offline

Activity: 526
Merit: 500



View Profile
October 29, 2014, 12:09:26 AM
 #24135

Correct, but highly unlikely China will assist the SEC in any action, making any action impossible.  Far more likely, the SEC will concentrate its efforts elsewhere.

Exactly.  You can claim to have dominion over  the world, but here in reality America isn't the world police so they can say what they want, but they have no jurisdiction so no way to enforce their "rules".   
gogxmagog
Legendary
*
Offline Offline

Activity: 1218
Merit: 1004


View Profile
October 29, 2014, 02:19:12 AM
 #24136

Ok, this part of the letter;
A must-read, imho. I imagine we will hear a lot more about the topic, but for now:

“A key element of the letter requires that those receiving the letter stay quiet and treat it as confidential. They may seek legal counsel but they may not reveal the fact they received a letter to those who are not directly involved with responding to the letter nor the public so the exact number of letters going out nor the companies receiving them will not be revealed by those affected without legal consequences.”


And, the whole thing is voluntary for now...

I really don't know what will come of this, even how the SEC could enforce anything if operators work and reside out of country? Wouldn't their only option to be to ban U.S. citizens from trading on such services? I don't know enough about these areas of international and business law.

SEC's mandate is to protect american investors. How would they go about policing the foreign based companies caught doing something wrong? Interpol?

Falling btc, no divs, now this! Yeeeesh



supert
Full Member
***
Offline Offline

Activity: 160
Merit: 100



View Profile
October 29, 2014, 08:32:41 AM
 #24137

Actually I suspect AM may be able to argue that since there is no 'ownership' of the company conferred by owning AM shares, that they did not offer securities. This is obviously muddied by the use of the words IPO, share, securities etc.
Puppet
Legendary
*
Offline Offline

Activity: 980
Merit: 1008


View Profile
October 29, 2014, 08:42:21 AM
 #24138

I really don't know what will come of this, even how the SEC could enforce anything if operators work and reside out of country? Wouldn't their only option to be to ban U.S. citizens from trading on such services? I don't know enough about these areas of international and business law.

They certainly wouldnt ban users (/investors) from using those services. Interestingly its not all illegal to buy unregistered securities, its the selling and promoting thats the issue.

As for what they can do; typically the sec would demand the seller stop promoting its products to US investors and demand they implement reasonable safeguards to make sure they do not sell to US nationals. Failing to do so may lead to prosecution, it may prompt them to contact their (in this case) Chinese counterparts. I dont know how chinese authorities look up on this, nor am I at all familiar with chinese security regulations, but considering their crackdown on bitcoin exchanges, this might be a more scary prospect than the SEC.



Puppet
Legendary
*
Offline Offline

Activity: 980
Merit: 1008


View Profile
October 29, 2014, 08:44:04 AM
 #24139

Actually I suspect AM may be able to argue that since there is no 'ownership' of the company conferred by owning AM shares, that they did not offer securities. This is obviously muddied by the use of the words IPO, share, securities etc.

Clearly you have not read the legal definition of a security, nor have you been around for very long or you would have known better. There is absolutely zero doubt AM shares are legally securities subject to SEC regulation in so far they are offered to US investors.
sharky101
Member
**
Offline Offline

Activity: 108
Merit: 10


View Profile
October 29, 2014, 12:16:19 PM
 #24140

https://www.cryptocoinsnews.com/zeusminer-expands-partnerships-include-asicminer-xbtec-rockminer/

ASICMINERTUBE
   
  The Best $/Gh Bitcoin Miner So Far
   ►►►   DISCOVER NOW !!!   ◄◄◄
Pages: « 1 ... 1157 1158 1159 1160 1161 1162 1163 1164 1165 1166 1167 1168 1169 1170 1171 1172 1173 1174 1175 1176 1177 1178 1179 1180 1181 1182 1183 1184 1185 1186 1187 1188 1189 1190 1191 1192 1193 1194 1195 1196 1197 1198 1199 1200 1201 1202 1203 1204 1205 1206 [1207] 1208 1209 1210 1211 1212 1213 1214 1215 1216 1217 1218 1219 1220 1221 1222 1223 1224 1225 1226 1227 1228 1229 1230 1231 1232 1233 1234 1235 1236 1237 1238 1239 1240 1241 1242 1243 1244 1245 1246 1247 1248 1249 1250 1251 1252 1253 1254 1255 1256 1257 ... 1348 »
  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!