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Topic: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining) - page 188. (Read 1079974 times)

hero member
Activity: 617
Merit: 559
What I really care about at this point is knowing exactly what's being done to make the hashing work.

What is the problem?   Who is working on it? Give us precise answers.

We do not want promises of future hashing, we want to know what is going on RIGHT NOW.

The usual shuffle is not going to work this time.

YOU MUST ANSWER THESE QUESTIONS.
sr. member
Activity: 420
Merit: 250
What I really care about at this point is knowing exactly what's being done to make the hashing work.

What is the problem?   Who is working on it? Give us precise answers.

We do not want promises of future hashing, we want to know what is going on RIGHT NOW.

The usual shuffle is not going to work this time.

YOU MUST ANSWER THESE QUESTIONS.

Any threat from us investors does not work now. It does not matter what's the price when they cannot sell it any more.

Now they will only be threaten by the exchange operators. Smiley Without a place to list, they have nowhere to sell their shares.

If we don't get answers to these questions, the exchange operators will be aware of that.
sr. member
Activity: 393
Merit: 250
What I really care about at this point is knowing exactly what's being done to make the hashing work.

What is the problem?   Who is working on it? Give us precise answers.

We do not want promises of future hashing, we want to know what is going on RIGHT NOW.

The usual shuffle is not going to work this time.

YOU MUST ANSWER THESE QUESTIONS.
hero member
Activity: 736
Merit: 508
What I really care about at this point is knowing exactly what's being done to make the hashing work.

What is the problem?   Who is working on it? Give us precise answers.

We do not want promises of future hashing, we want to know what is going on RIGHT NOW.

The usual shuffle is not going to work this time.

YOU MUST ANSWER THESE QUESTIONS.
legendary
Activity: 882
Merit: 1000
What I really care about at this point is knowing exactly what's being done to make the hashing work.

What is the problem?   Who is working on it? Give us precise answers.

We do not want promises of future hashing, we want to know what is going on RIGHT NOW.

The usual shuffle is not going to work this time.

YOU MUST ANSWER THESE QUESTIONS.

Any threat from us investors does not work now. It does not matter what's the price when they cannot sell it any more.

Now they will only be threaten by the exchange operators. Smiley Without a place to list, they have nowhere to sell their shares.
hero member
Activity: 750
Merit: 500
www.coinschedule.com
That's because smoking weed is not illegal. POSSESSION of weed is. Try to enter the US with the weed you bought in Holland.

Yeah, because then you would be in the US. Are you even following your own argument? There are a few laws that apply to Americans anywhere in the world, it's illegal to travel out of the country to rape children, for example.  And some laws that apply to everyone - like anti-war crimes laws.  You can be a citizen of another country, never step foot in the US and be prosecuted here for war crimes.

But issuing shares in a virtual company isn't exactly equivalent to a war crime.   So far the US government isn't even going after virtual companies.  If the SEC were cracking down on btct.co there wouldn't be a Two WeekTM warning

You didn't get my point. My point is that the weed law is about possession of weed in US soil (actually it varies between states). You said that you don't break the law by smoking weed in Holland, and you obviously don't! You are not in possession of weed in US soil!

But anyway, I digress. Let's focus on the important stuff.

What I really care about at this point is knowing exactly what's being done to make the hashing work.

What is the problem?   Who is working on it? Give us precise answers.

We do not want promises of future hashing, we want to know what is going on RIGHT NOW.

The usual shuffle is not going to work this time.

YOU MUST ANSWER THESE QUESTIONS.
legendary
Activity: 882
Merit: 1000

What I really care about at this point is knowing exactly what's being done to make the hashing work.

What is the problem?   Who is working on it? Give us precise answers.

We do not want promises of future hashing, we want to know what is going on RIGHT NOW.


+1

Still remember the promised live chatting with their technicians?
sr. member
Activity: 420
Merit: 250
What I really care about at this point is knowing exactly what's being done to make the hashing work.

What is the problem?   Who is working on it? Give us precise answers.

We do not want promises of future hashing, we want to know what is going on RIGHT NOW.

The usual shuffle is not going to work this time.

YOU MUST ANSWER THESE QUESTIONS.
legendary
Activity: 882
Merit: 1000
Well actually you have to abide to the laws of the country you live in AND the country you're from. For example, you can live in a country where chewing gum is illegal, so if you do that you can go to jail, no matter where you were born.

You don't need to follow US laws when you're not in the U.S. You can't get arrested for smoking weed in Holland if you're from the U.S, for example. On the other hand you can't scam people in the US online and have it be legal just because you are physically in another country when you do it.

Whether or not you get prosecuted would probably have a lot to do with whether or not you're actually running a scam.  The pirateat40 guy got legal heat, but as far as we know the government hasn't gone after any other US companies issuing virtual shares, like ActM.

That's because smoking weed is not illegal. POSSESSION of weed is. Try to enter the US with the weed you bought in Holland.

Again the same confusion. If you smoke weed in Holland you do not violate US law. There is no US law that says you cannot smoke weed in Holland.
In some places, if american solders rape a local woman, the US government will ask them to be sent back to US for trial. Raping in other country definitely breaks US law.
But of course, we have been off topic in this thread too much. Smiley
full member
Activity: 238
Merit: 100
That's because smoking weed is not illegal. POSSESSION of weed is. Try to enter the US with the weed you bought in Holland.

Yeah, because then you would be in the US. Are you even following your own argument? There are a few laws that apply to Americans anywhere in the world, it's illegal to travel out of the country to rape children, for example.  And some laws that apply to everyone - like anti-war crimes laws.  You can be a citizen of another country, never step foot in the US and be prosecuted here for war crimes.

But issuing shares in a virtual company isn't exactly equivalent to a war crime.   So far the US government isn't even going after virtual companies.  If the SEC were cracking down on btct.co there wouldn't be a Two WeekTM warning
full member
Activity: 238
Merit: 100
HK law is immaterial. These securities were offered here as well. So this is not:

http://www.law.cornell.edu/wex/securities_act_of_1933

Take special note of section 15.

Thats just the recourse investors may have.
The selling of these unregistered securities is illegal by itself, and that applies to pretty much every bitcoin denominated security.

But dont take my word for that, ask burnside why he urged every US citizen involved in issuing these securities to get legal counsel.

Who cares about TheSwede?  It's not like he has the money, he's just a promoter. The shares were actually issued by Sam.
full member
Activity: 167
Merit: 100
Well actually you have to abide to the laws of the country you live in AND the country you're from. For example, you can live in a country where chewing gum is illegal, so if you do that you can go to jail, no matter where you were born.

You don't need to follow US laws when you're not in the U.S. You can't get arrested for smoking weed in Holland if you're from the U.S, for example. On the other hand you can't scam people in the US online and have it be legal just because you are physically in another country when you do it.

Whether or not you get prosecuted would probably have a lot to do with whether or not you're actually running a scam.  The pirateat40 guy got legal heat, but as far as we know the government hasn't gone after any other US companies issuing virtual shares, like ActM.

That's because smoking weed is not illegal. POSSESSION of weed is. Try to enter the US with the weed you bought in Holland.

Again the same confusion. If you smoke weed in Holland you do not violate US law. There is no US law that says you cannot smoke weed in Holland.
hero member
Activity: 750
Merit: 500
www.coinschedule.com
Well actually you have to abide to the laws of the country you live in AND the country you're from. For example, you can live in a country where chewing gum is illegal, so if you do that you can go to jail, no matter where you were born.

You don't need to follow US laws when you're not in the U.S. You can't get arrested for smoking weed in Holland if you're from the U.S, for example. On the other hand you can't scam people in the US online and have it be legal just because you are physically in another country when you do it.

Whether or not you get prosecuted would probably have a lot to do with whether or not you're actually running a scam.  The pirateat40 guy got legal heat, but as far as we know the government hasn't gone after any other US companies issuing virtual shares, like ActM.

That's because smoking weed is not illegal. POSSESSION of weed is. Try to enter the US with the weed you bought in Holland.
full member
Activity: 167
Merit: 100
796 at least has a "money service permission" license. Whether thats enough, I dont know  (actually doubt it very much), but that is completely irrelevant. The issue is the assets themselves. Fabrizzio and theswede solicited investments in an unregulated security from  EU and US investors. HK laws almost certainly dont allow this either, but even that doesnt matter/ Its not because you solicit investments in a nigerian scam company that its legal here just because the supposed company is in Nigera. If you cant go after Fabrizzio, you certainly can go after theswede. Thats assuming anyone knows who he really is.

Why don't you go look up HK law and tell us what it says?  Given your moronic assumptions about technology (like claiming KnC used an FPGA hardcopy because it ran the same "RTL" code as an FPGA) it would be pretty ridiculous to assume you know everything there is to know about Hong Kong law, and how it's applied.

I think he means a US citizen, such as TheSwede75, will be under US law even if the company is in Hong Kong. Just like burnside has a company in Belize. Fabrizzio, mostly likely keeps his Italian citizenship, is also under law of Italy. How Hong Kong's law is does not change this.

I do not quite get this. A country usually does not have any laws regarding what you can do in ANOTHER country. I am sure US legislation does not regulate what kind of securities can exist in Belize. So I actually do not even get what Burnside's problem is.
full member
Activity: 238
Merit: 100
Well actually you have to abide to the laws of the country you live in AND the country you're from. For example, you can live in a country where chewing gum is illegal, so if you do that you can go to jail, no matter where you were born.

You don't need to follow US laws when you're not in the U.S. You can't get arrested for smoking weed in Holland if you're from the U.S, for example. On the other hand you can't scam people in the US online and have it be legal just because you are physically in another country when you do it.

Whether or not you get prosecuted would probably have a lot to do with whether or not you're actually running a scam.  The pirateat40 guy got legal heat, but as far as we know the government hasn't gone after any other US companies issuing virtual shares, like ActM.
legendary
Activity: 882
Merit: 1000
796 at least has a "money service permission" license. Whether thats enough, I dont know  (actually doubt it very much), but that is completely irrelevant. The issue is the assets themselves. Fabrizzio and theswede solicited investments in an unregulated security from  EU and US investors. HK laws almost certainly dont allow this either, but even that doesnt matter/ Its not because you solicit investments in a nigerian scam company that its legal here just because the supposed company is in Nigera. If you cant go after Fabrizzio, you certainly can go after theswede. Thats assuming anyone knows who he really is.

Why don't you go look up HK law and tell us what it says?  Given your moronic assumptions about technology (like claiming KnC used an FPGA hardcopy because it ran the same "RTL" code as an FPGA) it would be pretty ridiculous to assume you know everything there is to know about Hong Kong law, and how it's applied.

I think he means a US citizen, such as TheSwede75, will be under US law even if the company is in Hong Kong. Just like burnside has a company in Belize. Fabrizzio, mostly likely keeps his Italian citizenship, is also under law of Italy. How Hong Kong's law is does not change this.

Well actually you have to abide to the laws of the country you live in AND the country you're from. For example, you can live in a country where chewing gum is illegal, so if you do that you can go to jail, no matter where you were born.

Yes, you are right.

BTW, I guess you are talking about Singapore, but actually chewing gum is not illegal, but selling chewing gum and littering are. Smiley
hero member
Activity: 750
Merit: 500
www.coinschedule.com
Well actually you have to abide to the laws of the country you live in AND the country you're from.

So what side of the road should I drive in HK, left and right?
Wink

That's not a law, that's a road code. Smiley

The law would be "Drive on the correct side of the road" or "Drive with care and attention to others abiding to the local road code"
legendary
Activity: 980
Merit: 1040
Well actually you have to abide to the laws of the country you live in AND the country you're from.

So what side of the road should I drive in HK, left and right?
Wink
legendary
Activity: 980
Merit: 1040
HK law is immaterial. These securities were offered here as well. So this is not:

http://www.law.cornell.edu/wex/securities_act_of_1933

Take special note of section 15.

Thats just the recourse investors may have.
The selling of these unregistered securities is illegal by itself, and that applies to pretty much every bitcoin denominated security.

But dont take my word for that, ask burnside why he urged every US citizen involved in issuing these securities to get legal counsel.
hero member
Activity: 750
Merit: 500
www.coinschedule.com
796 at least has a "money service permission" license. Whether thats enough, I dont know  (actually doubt it very much), but that is completely irrelevant. The issue is the assets themselves. Fabrizzio and theswede solicited investments in an unregulated security from  EU and US investors. HK laws almost certainly dont allow this either, but even that doesnt matter/ Its not because you solicit investments in a nigerian scam company that its legal here just because the supposed company is in Nigera. If you cant go after Fabrizzio, you certainly can go after theswede. Thats assuming anyone knows who he really is.

Why don't you go look up HK law and tell us what it says?  Given your moronic assumptions about technology (like claiming KnC used an FPGA hardcopy because it ran the same "RTL" code as an FPGA) it would be pretty ridiculous to assume you know everything there is to know about Hong Kong law, and how it's applied.

I think he means a US citizen, such as TheSwede75, will be under US law even if the company is in Hong Kong. Just like burnside has a company in Belize. Fabrizzio, mostly likely keeps his Italian citizenship, is also under law of Italy. How Hong Kong's law is does not change this.

Well actually you have to abide to the laws of the country you live in AND the country you're from. For example, you can live in a country where chewing gum is illegal, so if you do that you can go to jail, no matter where you were born.
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