Topic: SEC - ICO, altcoins and McAfee (Read 405 times)
shitcoin and ico scam do need to be eradicated from the crypto world, SEC statements are also very disruptive and affect the market. I fear if the SEC can be controlled or bribed by bad people to manipulate and monopolize the crypto market.
Heh, I created this thread few days ago, when McAfee said this about ICO..
And after that he was poisoned. Accident? i dont think so.
And after that he was poisoned. Accident? i dont think so.
It is not an accident. John McAfee is one such attention whore and drama queen, though with a cock. Yet. But with no balls whatsoever. Just like Craig Wright. I wouldn't be surprised if the whole story with his alleged poisoning by his lethal "enemies" (as he claims himself) was contrived and turned out to be no more than a publicity stunt. In reality he must have tasted a little bit of his dick and got into an emergency department.
Heh, I created this thread few days ago, when McAfee said this about ICO..
And after that he was poisoned. Accident? i dont think so.
And after that he was poisoned. Accident? i dont think so.
It is very complicated this situation because in addition to several currencies have no project behind it some that have a certain project can be barred by the laws of certain countries. For example casino coins, here in my country would be strictly prohibited for not paying taxes to the government.
This is not a good news. Though SEC took a good step to abort all the scammy projects. let's see what happens next!
As long as your ICO was based outside the US and you did not sell any coins to US Citizens or US residents you have very little to worry about. About the only thing the SEC might do that would affect you is banning your cryptocurrency from trading on any US exchange by declaring your coins an unregistered security. It is inevitable that regulation of ICO's will happen. But it will be difficult for the US to exert the kind of softpower they once had and bend other countries to their will.
In real life it is quite different though. America has enough power all over the world to exert their will everywhere, except maybe a few countries like China or Russia. Europe and Japan, South Korea and Australia are all dependent on Uncle Sam and his whimsies. And it is not about governments as such but rather international corporations which have to abide by the laws and orders, official and unofficial, that Washington issues. See what happened to Swiss banks and their vaunted banking secrecy a few years ago to get an idea how things stand in the real world today.
I think you need to read carefully about an ico before investing and consult to see if the project has some serious legal advisors and legal framework in place. And there are also projects that indicate in their whitepaper and during ico stage that their project is not a security backed up some legality. I think it all goes down to doing proper consultation before investing in an ico.
Did you even read the discussion? Maybe you spam here your off-topic to make posts for your signature campaign, right?
I haven't everheard of any security issue for ethereum. However, these issues would be solved very soon.
I think you need to read carefully about an ico before investing and consult to see if the project has some serious legal advisors and legal framework in place. And there are also projects that indicate in their whitepaper and during ico stage that their project is not a security backed up some legality. I think it all goes down to doing proper consultation before investing in an ico.
Actually you need not to worry about this. Such thing is common here but you should keep in mind that crypto currency market is a deregulated market. It is based on the decentralized technol0ogy so we cannot say these coins illegal just for this. Moreover bitcoin is doing the business like this for more than eight years.
As long as your ICO was based outside the US and you did not sell any coins to US Citizens or US residents you have very little to worry about. About the only thing the SEC might do that would affect you is banning your cryptocurrency from trading on any US exchange by declaring your coins an unregistered security. It is inevitable that regulation of ICO's will happen. But it will be difficult for the US to exert the kind of softpower they once had and bend other countries to their will.
I think you're right. Whilst the US is probably quite influential in the crypto space, it's not the centre of the world. There is so much documentation about doing ICOs now and whether things make the Howey test or how to discern if your token is a security and not just for getting access to part of an ecosystem. I don't understand why new crypto projects wouldn't read up about this. Also, can SEC regulation have any retroactive effect on finished ICOs?
As long as your ICO was based outside the US and you did not sell any coins to US Citizens or US residents you have very little to worry about. About the only thing the SEC might do that would affect you is banning your cryptocurrency from trading on any US exchange by declaring your coins an unregistered security. It is inevitable that regulation of ICO's will happen. But it will be difficult for the US to exert the kind of softpower they once had and bend other countries to their will.
Talking about SEC and ICO, SEC is only has power in USA. I really dont care what they can do for ICO projects on USA land. Today many ICO projects works in China and Europe, where SEC has no impact at all. Dont worry guys. McAfee is a showman, he is paid for FUD, I dont believe him anymore...
People are so concerned about this Sec and Mcaffee its as if we are bounded by United States Law when cryptocurrency is anonymous but sad to say the market is affeced by Us restrictions and this is not good as if one country has a huge impact in the industry, I hope we can all recover.
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The appearance of a completely secure exchange with human factor and suitable interface will enable to draw not only thin crowd of enthusiasts but a huge mass of newcomers as well, for whom using existing exchanges is challenging.
Dakuce has highlighted the main issues of existing crypto trading platforms which remain as serious barriers for inflow of significant investment volumes to the industry from the masses.
yes I have read the article about McAfee who decided to quit ICO world. will no longer support or invest in ICO. this is because the US is banning the development of bitcoin and ethereum, even until there is a threat of arrest from the SEC against McAfee. this is a pity because McAfee is one of the most influential people in ICO. yes we can only monitor how the next development and hope for the best.
I don't like the guy so doesn't bother me. Bit concerning for us guys doing bounties though, we're basically promoting investments, I don't think 'dont take this as investment advice' would hold up in court lol.
Yep, better get your hands off of those ICO coins now and stack more money into solid crypto like Bitcoin and Ethereum. I actually love that statement from SEC, time to weed out those people who take advantage of this ecosystem by creating trashy ICO and racking millions.
Btw, you should care less on what McAfee is saying. He's not the right guy to be heard and followed in crypto.
Btw, you should care less on what McAfee is saying. He's not the right guy to be heard and followed in crypto.
It seems that this whole situation in the crypto currency with McAfee and the SEC and in general all together is very similar to the theater with people, as if you are sitting in the hall of this large building called "Real World" and before you a fascinating story unfolds, integration into your mind of any ideas from "The author of this play"
Who is John mAcfee he is not running this whole industry, if he will not support ICOs than some other people will replace him and US citizen have to worry about SEC regulations as their boundary lies within US only. SEC should introduce new and easy process for ICO clearance and approval to change its image as crypto police.
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