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WSJ quotes bytemaster: Quote...BitShares, which uses the eponymous name “bitshares” to describe tokens issued by autonomous, software-driven companies over its independent blockchain-based software, says these are not securities either, despite their name. The implied reference to corporate shares is “an analogy,” says Daniel Larimer, CEO of Invictus Innovations, which developed the BitShares project. “I could use other analogies that view the dollar as stock in the United States. An analogy does not create a security.” The key, he said, is that there is no contract between two parties contained in the digital tokens.http://blogs.wsj.com/moneybeat/2014/10/28/bitbeat-bitcoin-2-0-companies-respond-to-sec-rumor-were-clean/
...BitShares, which uses the eponymous name “bitshares” to describe tokens issued by autonomous, software-driven companies over its independent blockchain-based software, says these are not securities either, despite their name. The implied reference to corporate shares is “an analogy,” says Daniel Larimer, CEO of Invictus Innovations, which developed the BitShares project. “I could use other analogies that view the dollar as stock in the United States. An analogy does not create a security.” The key, he said, is that there is no contract between two parties contained in the digital tokens.
Quote from: URSAY on October 29, 2014, 03:27:50 amQuote from: gamey on October 28, 2014, 07:51:30 pmCoinfire, never heard of them before this.I'm wondering if this is even real or bullshit. Are there better more reputable sources ?CoinFire spends a lot of time on letstalkbitcoin.com in the forums. Nice guy. I'm read a couple other interesting articles on his site, long before this. Got it!Picture painting post!Explains A TON!
Quote from: gamey on October 28, 2014, 07:51:30 pmCoinfire, never heard of them before this.I'm wondering if this is even real or bullshit. Are there better more reputable sources ?CoinFire spends a lot of time on letstalkbitcoin.com in the forums. Nice guy. I'm read a couple other interesting articles on his site, long before this.
Coinfire, never heard of them before this.I'm wondering if this is even real or bullshit. Are there better more reputable sources ?
Quote from: toast on October 28, 2014, 01:23:57 amQuote from: bytemaster on October 28, 2014, 01:02:56 amSince we have not received anything I can post that we have not received anything. LOL.. make a thread w/ daily updateROFL
Quote from: bytemaster on October 28, 2014, 01:02:56 amSince we have not received anything I can post that we have not received anything. LOL.. make a thread w/ daily update
Since we have not received anything I can post that we have not received anything.
Coindesk says the whole thing might be bullshit:http://www.coindesk.com/crypto-2-0-companies-rebuff-sec-crackdown-rumors/
The gag order is not new for these types of things. They don't want the word to get out and have companies destroying documents before they get their letter.
Just got a call from the Wall St. Journal about this topic. They have been calling around to all of the major crypto projects and so far no one has reported receiving any communication from the SEC.Either US mail is slow or the "letters being sent" really means "they are planning on sending letters, but haven't yet". From what I gather all major projects have been operating under the assumption that eventually the SEC would contact them and everyone has taken measures they believe will protect them.
So hopefully Bitshares gets a mention in The Wall Street Journal. Thank you SEC!Sent from my SM-G900T using Tapatalk
Quote from: liondani on October 28, 2014, 04:38:01 pmhttp://www.jewishproblem.com/wp-content/uploads/2014/02/shut-it-down-jew.jpgOMG, ROFL !!
http://www.jewishproblem.com/wp-content/uploads/2014/02/shut-it-down-jew.jpg
Is it a bad Idea to close officially I3 ?I assume it will be difficult to sent a letter to a company that doesn't exist...
Quote from: sumantso on October 28, 2014, 12:04:52 pmSimple question - do I clear out my Cryptsy balance?Always.
Simple question - do I clear out my Cryptsy balance?
For us it is most likely going to come down to a debate on whether AGS was an unlicensed security and whether our insistance that it was a No Strings Attached Gift was sufficient.
They are sending out letters to everyone it seems. Silly to hope that we won't get one.
Quote from: xeroc on October 28, 2014, 12:14:58 pmQuote from: Troglodactyl on October 28, 2014, 12:13:28 pmQuote from: sumantso on October 28, 2014, 12:04:52 pmSimple question - do I clear out my Cryptsy balance?Always.*agreed* .. no matter the currency!Let me rephrase; I keep a small amount there, do I clear even that out?Put it another way, are they in trouble too? I thought they were good with all their certifications.
Quote from: Troglodactyl on October 28, 2014, 12:13:28 pmQuote from: sumantso on October 28, 2014, 12:04:52 pmSimple question - do I clear out my Cryptsy balance?Always.*agreed* .. no matter the currency!
Quote from: luckybit on October 28, 2014, 01:45:37 amI hope now people understand why I mentioned the gift economy and Bitshares Cooperative. It's not going to be possible to do any more crowd sale IPOs. I think overall the crypto community will adapt out of necessity.Got a link, or care to go into more detail about this plan?
I hope now people understand why I mentioned the gift economy and Bitshares Cooperative. It's not going to be possible to do any more crowd sale IPOs. I think overall the crypto community will adapt out of necessity.
Though I'm not really sure who they would arrest or charge in a DAY. I guess they could go after some of the delegates.
After I clicked the 2nd page of this thread my Chrome browser shows this warning messageThe site ahead contains malwareAttackers currently on s14.directupload.net might attempt to install dangerous programs on your computer that steal or delete your information (for example, photos, passwords, messages, and credit cards).One of the image link in the post is hosted in the directupload.net which is blocked by Google Chrome.FYI
GHASH received a letter.https://i.imgur.com/d2f3xmw.png
Quote from: xeroc on October 28, 2014, 06:53:35 amThat explains why they are down for days nowyou mean btc ?
That explains why they are down for days now
Quote from: Mars.Walker on October 28, 2014, 03:27:21 amQuote from: tonyk on October 28, 2014, 02:05:16 amI did not get that part- If somebody has received a letter, and somebody asks them 'Did you receive a letter?' Are they supposed to lie or not initiating the discussion is good enough?Standard answer : I can neither confirm or deny it."Neither confirm or deny" does not help us if we want to know if I3 has received an order. Warrant Canary gives us the information we seek.
Quote from: tonyk on October 28, 2014, 02:05:16 amI did not get that part- If somebody has received a letter, and somebody asks them 'Did you receive a letter?' Are they supposed to lie or not initiating the discussion is good enough?Standard answer : I can neither confirm or deny it.
I did not get that part- If somebody has received a letter, and somebody asks them 'Did you receive a letter?' Are they supposed to lie or not initiating the discussion is good enough?
Stan,if than happens,you can say you've ate a nasty animal ----included but not limited to spider,cockroach,bug,snake,slug...
It is a classic variation on a dead-man switch. As long as one is able to deny receiving a secret order, one hasn't received it. If one is ever not able to deny it then the absence of a denial carries all the needed information with out violating the unconstitutional gag order.
A dead man's switch is a switch that is automatically operated if the human operator becomes incapacitated, such as through death, loss of consciousness or being bodily removed from control. Originally applied to switches on a vehicle or machine, it has since come to be used to describe other intangible uses like in computer software. -- Wikipedia
LOL.. make a thread w/ daily update
Sure will. This to me is how the incumbent system will fight the crypto wars. They won't try to compete they'll just bury everyone in legal quagmire.I know Invictus has spent a lot of money on legal council. Let's see if they got their money's worth.Though I'm not really sure who they would arrest or charge in a DAY. I guess they could go after some of the delegates.Sent from my SM-G900T using Tapatalk