[BitFunder] Asset Exchange Marketplace + Rewritable Options Trading - page 24.

pedrog

legendary

Activity: 2786

Merit: 1031

Quote from: Puppet on October 08, 2013, 05:50:38 PM

Quote from: pedrog on October 08, 2013, 05:37:43 PM

I just buy shares, sell shares and collect dividends,

Have you read that link? Clearly not.
You might be able to hide your activity from the SEC, but I wouldnt bet any money on that unless you only deal with people you already know.

So just so you know, it IS illegal, and you would be betting on not getting caught.

I don't care:

http://www.dailymail.co.uk/news/article-2077808/Black-Panther-murderer-George-Wright-remain-free-Portugal-rejects-extradition-request.html

Quote from: btceic on October 08, 2013, 05:53:02 PM

Quote from: pedrog on October 08, 2013, 05:37:43 PM

Quote from: Puppet on October 08, 2013, 05:27:13 PM

Quote from: pedrog on October 08, 2013, 05:22:33 PM

I'm aware of that, again, bitcoin will make the process of proving that impossible, using an anonymous way of communication and a mixer.

The burden of proof lies with the exchange, not the SEC. The exchange (or asset issuer) would have to prove they take measures against selling to US customers, directly or through a proxy. What you are suggesting would make it impossible for them to prove that. That may or may not get the exchange of the hook, it sure as hell wont get you off the hook. But perhaps you have a better legal team than bitfunder and dont mind taking on the SEC ?

It will be impossible for other than me and the person with who I'm working with to know that.

I just buy shares, sell shares and collect dividends, when the coins arrive in my wallet what I do with them is my business...

There's no burden of proof, I'm already making my verification with WeExchange.

This is almost exactly how DPR got caught.

So true! (LOL)

btceic

sr. member

Activity: 392

Merit: 250

♫ A wave came crashing like a fist to the jaw ♫

Quote from: pedrog on October 08, 2013, 05:37:43 PM

Quote from: Puppet on October 08, 2013, 05:27:13 PM

Quote from: pedrog on October 08, 2013, 05:22:33 PM

I'm aware of that, again, bitcoin will make the process of proving that impossible, using an anonymous way of communication and a mixer.

The burden of proof lies with the exchange, not the SEC. The exchange (or asset issuer) would have to prove they take measures against selling to US customers, directly or through a proxy. What you are suggesting would make it impossible for them to prove that. That may or may not get the exchange of the hook, it sure as hell wont get you off the hook. But perhaps you have a better legal team than bitfunder and dont mind taking on the SEC ?

It will be impossible for other than me and the person with who I'm working with to know that.

I just buy shares, sell shares and collect dividends, when the coins arrive in my wallet what I do with them is my business...

There's no burden of proof, I'm already making my verification with WeExchange.

This is almost exactly how DPR got caught.

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: pedrog on October 08, 2013, 05:37:43 PM

I just buy shares, sell shares and collect dividends,

Have you read that link? Clearly not.
You might be able to hide your activity from the SEC, but I wouldnt bet any money on that unless you only deal with people you already know.

So just so you know, it IS illegal, and you would be betting on not getting caught.

knybe

hero member

Activity: 658

Merit: 500

decentralize EVERYTHING...

what's hilarious about this whole thing is:

in the SEC's effort to protect US citizens from "illegal securities," they've gone ahead and fucked those whom may or may not have had a substantial amount of their resources in these securities.

Capital Controls at it's finest keeping the money trickling up.

pedrog

legendary

Activity: 2786

Merit: 1031

Quote from: Puppet on October 08, 2013, 05:27:13 PM

Quote from: pedrog on October 08, 2013, 05:22:33 PM

I'm aware of that, again, bitcoin will make the process of proving that impossible, using an anonymous way of communication and a mixer.

The burden of proof lies with the exchange, not the SEC. The exchange (or asset issuer) would have to prove they take measures against selling to US customers, directly or through a proxy. What you are suggesting would make it impossible for them to prove that. That may or may not get the exchange of the hook, it sure as hell wont get you off the hook. But perhaps you have a better legal team than bitfunder and dont mind taking on the SEC ?

It will be impossible for other than me and the person with who I'm working with to know that.

I just buy shares, sell shares and collect dividends, when the coins arrive in my wallet what I do with them is my business...

There's no burden of proof, I'm already making my verification with WeExchange.

knybe

hero member

Activity: 658

Merit: 500

decentralize EVERYTHING...

Quote from: Puppet on October 08, 2013, 05:27:13 PM

Quote from: pedrog on October 08, 2013, 05:22:33 PM

I'm aware of that, again, bitcoin will make the process of proving that impossible, using an anonymous way of communication and a mixer.

The burden of proof lies with the exchange, not the SEC. The exchange (or asset issuer) would have to prove they take measures against selling to US customers, directly or through a proxy. What you are suggesting would make it impossible for them to prove that. That may or may not get the exchange of the hook, it sure as hell wont get you off the hook. But perhaps you have a better legal team than bitfunder and dont mind taking on the SEC ?

You're getting too caught up in nerd-town-by-the-book dementia.

Who's to say I can't transfer my shares to a trusted non-usa BF account holder and go from there? '

It's not like I, or the other party, have to disclose what we're up to.

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: pedrog on October 08, 2013, 05:22:33 PM

I'm aware of that, again, bitcoin will make the process of proving that impossible, using an anonymous way of communication and a mixer.

The burden of proof lies with the exchange, not the SEC. The exchange (or asset issuer) would have to prove they take measures against selling to US customers, directly or through a proxy. What you are suggesting would make it impossible for them to prove that. That may or may not get the exchange of the hook, it sure as hell wont get you off the hook. But perhaps you have a better legal team than bitfunder and dont mind taking on the SEC ?

pedrog

legendary

Activity: 2786

Merit: 1031

Quote from: superbit on October 08, 2013, 05:12:58 PM

Are prices inevitably going to take a major hit here? Will non-US residents be liquidating too just to buy back cheaper?

Well, I was seriously thinking liquidating, and I should have done it as soon as I saw this message, my Total Estimated Value is falling by the minute at this point I could have doubled my shares.

pedrog

legendary

Activity: 2786

Merit: 1031

Quote from: knybe on October 08, 2013, 05:10:56 PM

Quote from: pedrog on October 08, 2013, 05:07:56 PM

As a non US citizen in a country that will discover bitcoin in about 10 years or so, I offer my services to be a proxy for US citizens portfolios.

hmmm, you might have something there... there's always a way to buck the system.

Yes, I'm serious, no need for panic sells, just find non-US people and they can manage your portfolio, bitcoin doesn't care were you're from, we can still send you the profits.

Daytrading will be very difficult, but for the medium/long term investments, there's no problem.

I know I have no reputation here, but if someone wants to take a chance, I offer my "services".

Quote from: Puppet on October 08, 2013, 05:19:33 PM

Quote from: pedrog on October 08, 2013, 05:07:56 PM

As a non US citizen in a country that will discover bitcoin in about 10 years or so, I offer my services to be a proxy for US citizens portfolios.

Before doing that, I would advice you to read the SEC regulations:
http://www.sec.gov/rules/interp/33-7516.htm

What you suggest doing isnt any less illegal than what bitfunder and btcst where doing, no matter you nationality, and if bitfunder doesnt take any reasonably action to prevent you providing a proxy, they will be just as liable again as well.

I'm aware of that, again, bitcoin will make the process of proving that impossible, using an anonymous way of communication and a mixer.

pascal257

sr. member

Activity: 493

Merit: 262

Quote from: Puppet on October 08, 2013, 05:19:33 PM

Quote from: pedrog on October 08, 2013, 05:07:56 PM

As a non US citizen in a country that will discover bitcoin in about 10 years or so, I offer my services to be a proxy for US citizens portfolios.

Before doing that, I would advice you to read the SEC regulations:
http://www.sec.gov/rules/interp/33-7516.htm

What you suggest doing isnt any less illegal than what bitfunder and btcst where doing, no matter your nationality, and if bitfunder doesnt take any reasonabl action to prevent you providing a proxy, they will be just as liable again as well.

The SEC can go fuck themselves as far as any non-US citizen is concerned.

knybe

hero member

Activity: 658

Merit: 500

decentralize EVERYTHING...

Quote from: Puppet on October 08, 2013, 05:19:33 PM

Quote from: pedrog on October 08, 2013, 05:07:56 PM

As a non US citizen in a country that will discover bitcoin in about 10 years or so, I offer my services to be a proxy for US citizens portfolios.

Before doing that, I would advice you to read the SEC regulations:
http://www.sec.gov/rules/interp/33-7516.htm

What you suggest doing isnt any less illegal than what bitfunder and btcst where doing, no matter you nationality, and if bitfunder doesnt take any reasonably action to prevent you providing a proxy, they will be just as liable again as well.

hush hush, wink wink.

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: pedrog on October 08, 2013, 05:07:56 PM

As a non US citizen in a country that will discover bitcoin in about 10 years or so, I offer my services to be a proxy for US citizens portfolios.

Before doing that, I would advice you to read the SEC regulations:
http://www.sec.gov/rules/interp/33-7516.htm

What you suggest doing isnt any less illegal than what bitfunder and btcst where doing, no matter your nationality, and if bitfunder doesnt take any reasonabl action to prevent you providing a proxy, they will be just as liable again as well.

superbit

hero member

Activity: 763

Merit: 500

Are prices inevitably going to take a major hit here? Will non-US residents be liquidating too just to buy back cheaper?

knybe

hero member

Activity: 658

Merit: 500

decentralize EVERYTHING...

Quote from: pedrog on October 08, 2013, 05:07:56 PM

As a non US citizen in a country that will discover bitcoin in about 10 years or so, I offer my services to be a proxy for US citizens portfolios.

hmmm, you might have something there... there's always a way to buck the system.

apollojmr

sr. member

Activity: 311

Merit: 250

The Power Of The Coin Is Awesome!!

This is bullshit and I am for one never going to support a project that burnside or ukyo is involved in. FUCK them!

pedrog

legendary

Activity: 2786

Merit: 1031

As a non US citizen in a country that will discover bitcoin in about 10 years or so, I offer my services to be a proxy for US citizens portfolios.

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: velacreations on October 08, 2013, 04:58:38 PM

Quote from: Puppet on October 08, 2013, 04:51:34 PM

It makes it compliant with SEC regulations, as they would no longer be considered targeting US investors with their unregistered securities.

complete bullshit

the fact that they allowed US residents/citizens to purchase unregistered securities in the past makes them non-compliant. You can't sell a bunch of securities, then force the US citizens to give up their shares at a fraction of the cost, and claim to be SEC compliant.

well, then sue them or file your complaint with the SEC. They broke the law but at least will stop from breaking US security laws in a month. They will only be breaking almost all other security laws.
Just dont act surprised, this was a long time in coming. Wonder how long it will take before the asset issuers get some letters.

fran2k

hero member

Activity: 784

Merit: 500

F*CK. Just saw it fast and sold the shit.

Quote from: knybe on October 08, 2013, 04:24:07 PM

the legitimacy of this whole thing is questionable now.

who really wants to deal with "bitcoin stocks" anymore?

fucking amateur bullshit.

Right.

velacreations

sr. member

Activity: 476

Merit: 250

Quote from: Puppet on October 08, 2013, 04:51:34 PM

It makes it compliant with SEC regulations, as they would no longer be considered targeting US investors with their unregistered securities.

complete bullshit

the fact that they allowed US residents/citizens to purchase unregistered securities in the past makes them non-compliant. You can't sell a bunch of securities, then force the US citizens to give up their shares at a fraction of the cost, and claim to be SEC compliant.

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: pedrog on October 08, 2013, 03:59:08 PM

And does this make Bitfunder "legit"?

It makes it compliant with SEC regulations, as they would no longer be considered targeting US investors with their unregistered securities.
Of course the same regulations exist almost everywhere else, today its US citizens being blocked, tomorrow it will be UK, France, Hong Kong, whatever .. Anyone who is shocked by this, hasnt been reading. Its not like I didnt say this a million times:
https://bitcointalksearch.org/topic/m.3249207

Topic: [BitFunder] Asset Exchange Marketplace + Rewritable Options Trading - page 24. (Read 129419 times)