A new ASIC miner appears on btcguild

Dalkore

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Quote from: galambo on February 18, 2013, 11:03:06 PM

Quote from: Dalkore on February 18, 2013, 06:02:11 PM

Last, in the light of how it was brought up and the fact that they are online and I know you wouldn't be kicking up dirt if you were an actual INVESTOR. Sounds like someone is a little jealous from drinking the proverbial "HATERADE".

The point is that I ignored ASICMINER because investing in their option is not possible for me, as a US Citizen. If I did buy ASICMINER I would probably cause them a lot of legal problems as their offering surely needs to be registered with the SEC. So, I didn't ever bother to check into friedcat and others involved in this project because it is a waste of time for US Citizens.

I believe the major legal implication was in "them" selling you a security, not "you" purchasing them.

galambo

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Quote from: Dalkore on February 18, 2013, 06:02:11 PM

Last, in the light of how it was brought up and the fact that they are online and I know you wouldn't be kicking up dirt if you were an actual INVESTOR. Sounds like someone is a little jealous from drinking the proverbial "HATERADE".

The point is that I ignored ASICMINER because investing in their option is not possible for me, as a US Citizen. If I did buy ASICMINER I would probably cause them a lot of legal problems as their offering surely needs to be registered with the SEC. So, I didn't ever bother to check into friedcat and others involved in this project because it is a waste of time for US Citizens.

Dalkore

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Quote from: galambo on February 18, 2013, 05:08:45 PM

Quote from: niko on February 18, 2013, 04:30:14 PM

You have no idea what you are saying, but this discussion belongs elsewhere anyway. I suggest the ASICMINER threaf. This is the Avalon user(s) thread.

Actually, this is specifically covered under US law.

http://www.dorsey.com/files/Publication/64662e05-576e-4371-b94b-5827513741a1/Presentation/PublicationAttachment/2b9e1e5b-dc4f-4721-9dbf-7b1c26db53b8/Summary_of_SEC_Regulation_S.pdf

Please see the section about how "directed selling efforts" exclude an offering from safe harbor under Regulation S.

The reason for this is that the vast majority of these offerings are scams & frauds.

Your quote shows you actually didn't read the quoted text, can not comprehend or are a troll? Either way, post that in the legal section if you want to talk about another company and their possibility of looking like a security offering.

Last, in the light of how it was brought up and the fact that they are online and I know you wouldn't be kicking up dirt if you were an actual INVESTOR. Sounds like someone is a little jealous from drinking the proverbial "HATERADE".

galambo

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Quote from: niko on February 18, 2013, 04:30:14 PM

You have no idea what you are saying, but this discussion belongs elsewhere anyway. I suggest the ASICMINER threaf. This is the Avalon user(s) thread.

Actually, this is specifically covered under US law.

http://www.dorsey.com/files/Publication/64662e05-576e-4371-b94b-5827513741a1/Presentation/PublicationAttachment/2b9e1e5b-dc4f-4721-9dbf-7b1c26db53b8/Summary_of_SEC_Regulation_S.pdf

Please see the section about how "directed selling efforts" exclude an offering from safe harbor under Regulation S.

The reason for this is that the vast majority of these offerings are scams & frauds.

niko

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Quote from: galambo on February 18, 2013, 02:01:36 PM

Quote from: Beepbop on February 18, 2013, 01:45:53 PM

You realize the difference between a company selling shares of itself, and a company that is running a securities exchange? The former could be a medium size lawn care service or computer shop for example, and might hire a lawyer and an accountant for a few hours each year, while the latter would need to be run by lawyers and bankers.

Its actually issuing shares and selling them to the public which is most illegal. The mechanism is irrelevant. Exchanges are subject to regulation, but that's not really why GLBSE was shut down. Selling securities to just one person in the USA means you must register with the SEC.

You have no idea what you are saying, but this discussion belongs elsewhere anyway. I suggest the ASICMINER threaf. This is the Avalon user(s) thread.

SebastianJu

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Quote from: loshia on February 18, 2013, 04:18:25 PM

Quote from: SebastianJu on February 18, 2013, 04:12:03 PM

Quote from: galambo on February 18, 2013, 02:01:36 PM

Quote from: Beepbop on February 18, 2013, 01:45:53 PM

You realize the difference between a company selling shares of itself, and a company that is running a securities exchange? The former could be a medium size lawn care service or computer shop for example, and might hire a lawyer and an accountant for a few hours each year, while the latter would need to be run by lawyers and bankers.

Its actually issuing shares and selling them to the public which is most illegal. The mechanism is irrelevant. Exchanges are subject to regulation, but that's not really why GLBSE was shut down. Selling securities to just one person in the USA means you must register with the SEC.

I would say thats the typical US-Attitude of "We own the world." Nothing will happen when a US-Customer is buying shares in china. Or did you hear of plans for the next military intervention taking place in china? China has enough USD to make the US die, so no, nothing will happen here because of a bitcoin business. Most people doesnt even know what bitcoins are. Thats fetched way too far.
Its true that a company that was at an american stock exchange cant go out of it when only one single us-citizen owns a share from them but how will you prevent that someone is buying a share in china? Maybe i sell a share to an us-citizen. Is bitfountain forced to register with the sec in the us then? Not really.

Actually China owns both EU and US. they can buy and sell our ass as many times as they want:) And that is only our fault there is no one to blame. Back to the topic
Speaking of US-Attitude of "We own the world." they can not even make TOM/BTCFPGA refund their money even though he is American and they are Americans also. Where is American Law and justice - nowhere it is just not working or?
Guy's all you need to do is to grow up it is about time...Just think and act like adults and face the facts and think think and think

I have to agree. When i read the thread about finding Pirateat40, they know his name Trendon Shaver, the SEC is investigating and... nothing happens. Nothing. Even though he stole Bitcoins worth millions. And selling shares isnt even near that importance.

loshia

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Quote from: SebastianJu on February 18, 2013, 04:12:03 PM

Quote from: galambo on February 18, 2013, 02:01:36 PM

Quote from: Beepbop on February 18, 2013, 01:45:53 PM

You realize the difference between a company selling shares of itself, and a company that is running a securities exchange? The former could be a medium size lawn care service or computer shop for example, and might hire a lawyer and an accountant for a few hours each year, while the latter would need to be run by lawyers and bankers.

Its actually issuing shares and selling them to the public which is most illegal. The mechanism is irrelevant. Exchanges are subject to regulation, but that's not really why GLBSE was shut down. Selling securities to just one person in the USA means you must register with the SEC.

I would say thats the typical US-Attitude of "We own the world." Nothing will happen when a US-Customer is buying shares in china. Or did you hear of plans for the next military intervention taking place in china? China has enough USD to make the US die, so no, nothing will happen here because of a bitcoin business. Most people doesnt even know what bitcoins are. Thats fetched way too far.
Its true that a company that was at an american stock exchange cant go out of it when only one single us-citizen owns a share from them but how will you prevent that someone is buying a share in china? Maybe i sell a share to an us-citizen. Is bitfountain forced to register with the sec in the us then? Not really.

Actually China owns both EU and US. they can buy and sell our ass as many times as they want:) And that is only our fault there is no one to blame. Back to the topic
Speaking of US-Attitude of "We own the world." they can not even make TOM/BTCFPGA refund their money even though he is American and they are Americans also. Where is American Law and justice - nowhere it is just not working or?
Guy's all you need to do is to grow up it is about time...Just think and act like adults and face the facts and think think and think

SebastianJu

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Quote from: galambo on February 18, 2013, 02:01:36 PM

Quote from: Beepbop on February 18, 2013, 01:45:53 PM

You realize the difference between a company selling shares of itself, and a company that is running a securities exchange? The former could be a medium size lawn care service or computer shop for example, and might hire a lawyer and an accountant for a few hours each year, while the latter would need to be run by lawyers and bankers.

Its actually issuing shares and selling them to the public which is most illegal. The mechanism is irrelevant. Exchanges are subject to regulation, but that's not really why GLBSE was shut down. Selling securities to just one person in the USA means you must register with the SEC.

I would say thats the typical US-Attitude of "We own the world." Nothing will happen when a US-Customer is buying shares in china. Or did you hear of plans for the next military intervention taking place in china? China has enough USD to make the US die, so no, nothing will happen here because of a bitcoin business. Most people doesnt even know what bitcoins are. Thats fetched way too far.
Its true that a company that was at an american stock exchange cant go out of it when only one single us-citizen owns a share from them but how will you prevent that someone is buying a share in china? Maybe i sell a share to an us-citizen. Is bitfountain forced to register with the sec in the us then? Not really.

Dalkore

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Quote from: Soros Shorts on February 18, 2013, 02:25:09 PM

Quote from: galambo on February 18, 2013, 02:01:36 PM

Selling securities to just one person in the USA means you must register with the SEC.

I've bought plenty of non-US securities that are not registered with the SEC. I'd purchased these through a foreign brokerage account registered under a non-US address. Of course, I still have to report gains to the IRS, but that is a different issue altogether. The blanket statement above is not correct.

Would you mind PMing me a non-US brokerage I can setup and account like this?

galambo

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Quote from: Soros Shorts on February 18, 2013, 02:25:09 PM

Quote from: galambo on February 18, 2013, 02:01:36 PM

Selling securities to just one person in the USA means you must register with the SEC.

I've bought plenty of non-US securities that are not registered with the SEC. I'd purchased these through a foreign brokerage account registered under a non-US address. Of course, I still have to report gains to the IRS, but that is a different issue altogether. The blanket statement above is not correct.

Are you joking? Is this a joke? Because it sounds like one.

Soros Shorts

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Quote from: galambo on February 18, 2013, 02:01:36 PM

Selling securities to just one person in the USA means you must register with the SEC.

I've bought plenty of non-US securities that are not registered with the SEC. I'd purchased these through a foreign brokerage account registered under a non-US address. Of course, I still have to report gains to the IRS, but that is a different issue altogether. The blanket statement above is not correct.

galambo

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Quote from: Beepbop on February 18, 2013, 01:45:53 PM

You realize the difference between a company selling shares of itself, and a company that is running a securities exchange? The former could be a medium size lawn care service or computer shop for example, and might hire a lawyer and an accountant for a few hours each year, while the latter would need to be run by lawyers and bankers.

Its actually issuing shares and selling them to the public which is most illegal. The mechanism is irrelevant. Exchanges are subject to regulation, but that's not really why GLBSE was shut down. Selling securities to just one person in the USA means you must register with the SEC.

niko

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There is more to Bitcoin than bitcoins.

Quote from: galambo on February 15, 2013, 07:22:54 AM

Quote from: SebastianJu on February 15, 2013, 06:28:47 AM

Quote from: galambo on February 14, 2013, 07:53:55 PM

Ooops. This is why you do not guess out loud

I had forgotten about ASICMiner because of the disadvantageous and potentially illegal structure.

Do you mean Asicminer with illegal? Why?

The same reason GLBSE shut down in the first place after talking to a lawyer.

ASICMINER never traded securities or contracts. They are not a trade platform. ASICMINER was crowdfunded to perform tasks specified in the contract. I am not claiming that legal ground is all clear, but your comment and comparison are completely wrong.

galambo

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Quote from: SebastianJu on February 15, 2013, 06:28:47 AM

Quote from: galambo on February 14, 2013, 07:53:55 PM

Ooops. This is why you do not guess out loud

I had forgotten about ASICMiner because of the disadvantageous and potentially illegal structure.

Do you mean Asicminer with illegal? Why?

The same reason GLBSE shut down in the first place after talking to a lawyer.

SebastianJu

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Quote from: galambo on February 14, 2013, 07:53:55 PM

Ooops. This is why you do not guess out loud

I had forgotten about ASICMiner because of the disadvantageous and potentially illegal structure.

Do you mean Asicminer with illegal? Why?

galambo

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Ooops. This is why you do not guess out loud

I had forgotten about ASICMiner because of the disadvantageous and potentially illegal structure.

SebastianJu

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Quote from: Frequency on February 13, 2013, 01:23:04 AM

Is it Asicminer (friedcat) Huh

And hè puts his TH/ on the chain without à lot of talking, IT IS Asic but whitch company???

Damn things starting to get intrested!!! Hashrate / Diff. still very intresting at this moment...

Time Will tell ....

Its Bitfountain/Asicminer. Friedcat announced it.

organofcorti

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Poor impulse control.

Quote from: Pipesnake on February 13, 2013, 01:42:02 AM

Quote from: Frequency on February 13, 2013, 01:23:04 AM

Is it Asicminer (friedcat) Huh

And hè puts his TH/ on the chain without à lot of talking, IT IS Asic but whitch company???

There was a guy from England (iirc) that had a huge private gpu farm. Can't remember his name but he had a lot of clout and resources. Announced quite a while ago (maybe 12-16 months) that gpus were finished and he was going to develop a private ASIC. Perhaps he was successful.

That was Vlad and I don't think he went ahead with that.

Pipesnake

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Quote from: Frequency on February 13, 2013, 01:23:04 AM

Is it Asicminer (friedcat) Huh

And hè puts his TH/ on the chain without à lot of talking, IT IS Asic but whitch company???

There was a guy from England (iirc) that had a huge private gpu farm. Can't remember his name (Vladimir maybe?) but he had a lot of clout and resources. Announced quite a while ago that gpus were finished and he was going to develop a private ASIC. Perhaps he was successful.

Frequency

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COINDER

Is it Asicminer (friedcat) Huh

And hè puts his TH/ on the chain without à lot of talking, IT IS Asic but whitch company???

Damn things starting to get intrested!!! Hashrate / Diff. still very intresting at this moment...

Time Will tell ....

Topic: A new ASIC miner appears on btcguild (Read 1963 times)