I see that a lot of people looked at this post already and no one cared to answer..

No one has any opinion about the legality of things and no one cares to protect others from doing something they might regret later on?

If we want bitshares to succeed we need to have clear responses about why bitshares and the referral program is legal at least in the US and EU.

When I speak to serious investors of the current financial world I need to have clear responses to be able to explain them the legality of things..

So I will ask again:
if I advise people to register in bitshares under my name so I can earn the referral fees will I be breaking the law? If not why?
Do I need to have a disclaimer in my website?
Do I need a licence for doing this?
I assume that once I convert biteur to euro I will have to pay taxes but if I keep them in biteur no taxes are applicable correct?

How do I reply to questions like:
You can not exchange anything without getting taxed. Even if I exchange meat for bread you need to disclose somewhere this exchange or else it is illegal.
Bitcoin, biteur,bitusd are not the official Government money therefore they are illegal
Biteur is a financial derivative and a swap for euro and therefore are illegal and you need to have a licence to trade.
etc etc..

We need to be specific with these things.

@fav thank you very much. i can see the file now..

I misinterpreted the simple instructions

Bytemaster is contacting exchanges the coming week ..

  that is what I have been waiting ti hear!

Quote from: mf-tzo on October 02, 2015, 11:29:31 am

I am starting to lose my patience after 2 years of long bagholding..

Why is that? What has changed? Do you see BitShares fail out of sudden?

My guess would be that you are just in a bad mood and maybe depressed because of recent manipulations. That or you are trying to FUD (which I doubt)

You are right xeroc I am sorry...I am just in a bad move today because I get pissed off when i see the price plummeting like that for no reason...
But some answers to the below questions are needed though..People and exchanges do not know what to do with the transition and what they should do with bts 1 and this creates unnecessary risk to the whole project.

the problem with bts is that long term supporters of the project are bagholders who lost 90% of their money by irrational and bad decisions of the past and don't have anymore to invest.
so i think that these fluctuations are due to new people who don't really care about holding bts but only day trade.
If the old investors of bts who dumped a year ago do not come back to re invest massively or we do not attract any new serious whales who want to hold for some time and invest in bts then the price will never go up.
i have done my part for over 2 years buying at any level and unfortunately i don't have absolutely nothing to invest anymore in any crypto. I don't have even a single 0.1btc to invest..that is just sad..

40M

  to luckybit for discovering these things!!

I will speak with liondani and contact them.

In the meantime I want to play the devils advocate a little bit:

1) Why would this specific company be interested in bitshares and use biteur? They have already their monetary system 1TP = 1 euro. Simple and easy and no technical skills whatsoever.

2) Why a LETS company would want to use bitshares and not just a simple trading  point system? Please list a couple of arguments..

3) How can no technical guys who don't know and don't want to know about shorting biteur to themselves would be able to find biteuros?
How the liquidity problem of bitassets can be solved?
They will need external partners providing the biteur liquidity right? Do we have anyone in mind?

4) What can we offer as a community to technically help a company like this or any other LETS company?

These are the questions that we need to have answers I think in order to present bitshares and bitassets to any company..