The SEC claims Ethereum is not a security, what's ironic is that Ethereum itself is an illegal-securities-generating machine, since Ethereum it's only used to issue the illegal ICOs in which the SEC are now going to spend resources trying to stop, a waste of time since people will keep using ETH in jurisdictions in which it's legal to launch tokens in whatever terms the creators find attractive, and whoever wants to buy just has to use an VPN and get any tokens they want.
I think current regulation will annoy more investors and speculators rather than saving the average so called unaccredited investor from the next Bitconnect scam.
Topic: No license issue on Ethereum market yet? (Read 136 times)
Ethereum is both an open end software and a free software. So licences should be entitled to broad rights to distribute, run and enhance the software, but free software does not mean 'no restrictions' or 'no cost'. As open end softwares can either be restrictive or permissive.
Permissive-type licenses include MIT, BSD, and Apache. It has minimal restrictions and allows the use and modification as well as re-distribution of the covered software on the licensee’s preferred terms.
Restrictive-type of licences (copy-left) has limitations on the ability to distribute commercial or non-open-source terms modifications and derivative works.
The Ethereum Foundation complicates this already sensitive issue by leveraging different open-source licenses for Ethereum’s various components and by remaining indecisive as to the licensing scheme of the Ethereum core, although it stated that 'it would be released on the most liberal of licenses' and would be available for use in any commercial environment.
The different compartments of ethereum: -the core, the applications and the middle ware all have different levels of restrictions.
The core is the most liberal, and allows use in as many diverse environments as possible. The applications and middle ware are both available under the GNU General Public License and Affero license, respectively.
The issue is quite ambiguous and depends on the commercial activity being practiced.
It's best to be abreast with the full terms and conditions, especially as a developer as ethereum serves as a platform supporting other projects.
Although, there are no immediate penalties for the misuse of the ethereum protocol, there could be in the future.
Permissive-type licenses include MIT, BSD, and Apache. It has minimal restrictions and allows the use and modification as well as re-distribution of the covered software on the licensee’s preferred terms.
Restrictive-type of licences (copy-left) has limitations on the ability to distribute commercial or non-open-source terms modifications and derivative works.
The Ethereum Foundation complicates this already sensitive issue by leveraging different open-source licenses for Ethereum’s various components and by remaining indecisive as to the licensing scheme of the Ethereum core, although it stated that 'it would be released on the most liberal of licenses' and would be available for use in any commercial environment.
The different compartments of ethereum: -the core, the applications and the middle ware all have different levels of restrictions.
The core is the most liberal, and allows use in as many diverse environments as possible. The applications and middle ware are both available under the GNU General Public License and Affero license, respectively.
The issue is quite ambiguous and depends on the commercial activity being practiced.
It's best to be abreast with the full terms and conditions, especially as a developer as ethereum serves as a platform supporting other projects.
Although, there are no immediate penalties for the misuse of the ethereum protocol, there could be in the future.
We all know that Ethereum is a free open software but the problem is that license of sources used in Ethereum might not be open for commercial.
https://www.coindesk.com/coders-beware-licensing-issues-abound-ethereum-apps/
This is what I read,
and I have some questions to Bitcointalk people.
1. If one uses souces of Ethereum for commercial use, is it against law? any penalty?
2. Wasn't there any issue of this license problem in Ethereum based application(ICO) market yet?
I'm curious since open source license is not something blockchain developers are not aware of yet.
https://www.coindesk.com/coders-beware-licensing-issues-abound-ethereum-apps/
This is what I read,
and I have some questions to Bitcointalk people.
1. If one uses souces of Ethereum for commercial use, is it against law? any penalty?
2. Wasn't there any issue of this license problem in Ethereum based application(ICO) market yet?
I'm curious since open source license is not something blockchain developers are not aware of yet.
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