You are viewing a single comment's thread from:

RE: Houston...We've got a Problem!

in #hive3 years ago

If the consensus is distributed widely through many jurisdictions the blockchain currency will not be considered a Security. If there is a consensus amongst any group of people on the network who have influence over distribution (or financial options for trading) they have expectations of them that are cut throat and unforgiving.

Being unwelcoming to any group of people on a network is setting the pace for a securities auditor to perform an audit of the blockchain and they will not like what they see with the new users spamming twitter with false claims about investment and being paid to blog.

Sort:  

Meh, it would be barbara streisand all over again.

I know there is more centralized stake than they let on, at one time stinc had 80% of the coins, an audit would just help the rest of us.
The sec won't be able to shut down the tech, unless we let them.

Thats kind of why I think hive might be a good example for the SEC, everyone here has generaly good intentions so any bad actors would probably be sorted quickly.

You do realize the sec is corrupt af and not here to maintain law and order any further than what it takes to keep themselves and their cronies above the law and the folks 'peaceful' in the street?

If you have faith in gov't, you haven't looked at history.
Gov't killed 200+ million of their own 'citizens' last century.

I actually said the same thing in the zcash community forum and rage quit a debate, i understand exactly what you mean.

FINTRAC has proven they are not capable of regulating International trade, the example is the Vancouver Stock Exchange. I do not respect this agency or is lackluster approach to financial regulation in Canada. The agency’s we are debating complying with should immediately be sent cease and desist orders for their human rights violations, not considered a threat, they are criminals because they didn’t commit to their duty to report internal corruption on so many occasions, there is no premise for trust to be discussed when they think we should trust their ethics on “how to legally transact” when they are guilty of crimes they don’t answer to.

https://forum.zcashcommunity.com/t/fatf-possible-death-of-privacy-coins/33601/34?u=phusionphil

You don’t understand 90% of what you write. Stop embarrassing yourself.

The SEC director made it quite clear what the decisive factor was when labeling something a "decentralized currency".

I support decentralized currency.

22 seconds. Crypto mom is cool and all, but I haven't seen much critical action taken aside from Ted Cruz speaking out to congress about how uninformed they were.