When it comes to arranging fittings for orange jumpsuits in the US over Ethereum, my take is that FinCEN rather than the SEC would be the lead agency.
Topic: Who will the SEC investigation uncover as the Eth manipulator? (Read 3268 times)
When it comes to arranging fittings for orange jumpsuits in the US over Ethereum, my take is that FinCEN rather than the SEC would be the lead agency.
If they were pumping it with ico-money only they were a huge fail with the dao. And now nobody is touching that shit and they'll have to eat the very high inflation all alone.
Noob-traders, that's for sure.
Basically they pumped everyone and let all people sell high, lol. Must suck to be the pumper, greed is a bitch. He's probably hanging mid-air with nobody else supporting the price.
Not exactly the best spot to be in and all kinds of legal troubles on the horizon for them aswell. I think they'll have to shut down developement rather soon in case they gambled with money that was ment for developement funding (which the ico was ment for). Are they doing independant audits of their financials?
People should ask to see the btc on the chain and a verification that it's theirs. Maybe they are out of funds already?
Noob-traders, that's for sure.
Basically they pumped everyone and let all people sell high, lol. Must suck to be the pumper, greed is a bitch. He's probably hanging mid-air with nobody else supporting the price.
Not exactly the best spot to be in and all kinds of legal troubles on the horizon for them aswell. I think they'll have to shut down developement rather soon in case they gambled with money that was ment for developement funding (which the ico was ment for). Are they doing independant audits of their financials?
People should ask to see the btc on the chain and a verification that it's theirs. Maybe they are out of funds already?
Does Switzerland extradite 'financial innovators' to the US?
The US is ready.
Well Polo now has ETH/BTC as the market main page.
It used to be XMR.......those days are now gone, a new golden child in ETH has risen to take the polo stage.
Can't blame them TBH.
It used to be XMR.......those days are now gone, a new golden child in ETH has risen to take the polo stage.
Can't blame them TBH.
Oh ya ya i know i hear Microsoft and IBM are using Ethereum.
Protip:
Search Polonibox with those 2 company names
And bring popcorn for the LOL'z
Does Switzerland extradite 'financial innovators' to the US?
I wanted to get in on the Vitalik bashing here too but i am going to take the high road *this time*
It is not clear Vitalik will be the one in cuffs or not. Maybe someone else will take the fall.
You're a massive libelous scumbag.
I wanted to get in on the Vitalik bashing here too but i am going to take the high road *this time*
It is not clear Vitalik will be the one in cuffs or not. Maybe someone else will take the fall.
The Bitcoin market cap is much larger than the Ethereum market cap. If they can manipulate the Bitcoin price, they must be very rich.
They don't have to be mega-rich, they took in 30,000 BTC in the IPO. It only takes doing an orchestrated dump of a few batches of 1000 BTC back to back to temporariily drop the BTC price $5-10. Just enough to give the fake appearance of BTC weakness and IPO scamcoin strength while they pump the IPO scamcoin at the same time.
Ethereum scammers are in full desperation mode now. Nobody is buying their Eth pump so they keep doing orchestrated BTC dumps to temporarily lower BTC price, make believing that will make people want Eth instead but there are just no willing buyers for that scamcoin.
The Bitcoin market cap is much larger than the Ethereum market cap. If they can manipulate the Bitcoin price, they must be very rich.
How much do you want to bet that Tristan (busoni) is actually in NY and not in Montana?
I'll let you decide how much you wanna lose
I'll let you decide how much you wanna lose
I've been to Montana before and although I didn't see any actual humans there, I definitely didn't see anyone named "Busoni" there.
I bet your right Spots and i don't like or trust those Poloniex guys one bit.
I think they have been putting on a show for years now making sure they *appear* legit.
And i bet anything they will Cryptsy out at some point.. with "I wuz haxed" excuses etc
And skate boarding Millennials i love it hhahaha
I was riding my Mountain bike down the road the other day and was behind two of these types..
The one chunky 19yr old boy riding his LONG BOARD could barley stand on the fucking thing
All he was trying to do was turn slightly and kept falling off unbalanced.. he was going walking speed too.
Those long boarders get under my skin sometimes..
When i was a teen i had me a REAL skateboard.
And i could ride that shit like a champ !
I was not that good with tricks but i could drop in on a ramp or do an Olly.
I still can actually and high.. like riding a bike you never forget how.
I have impressed the young'in's lots with old man skating..
Telling them gimme your board and i will show you then i do it and they can't believe their eyes.
To be fair it takes me a few tries to land it though when trying to Olly so damn high.
Back in my day we would skate and read magazines like Transworld or Thrasher.
These kids now a days wouldn't even know what a magazine is !
If i catch one of these "long boarders" on my lawn ? I am going to turn my garden hose on 'em !
I wanted to get in on the Vitalik bashing here too but i am going to take the high road *this time*
But a picture is worth a 1,000 words ?
I think they have been putting on a show for years now making sure they *appear* legit.
And i bet anything they will Cryptsy out at some point.. with "I wuz haxed" excuses etc
And skate boarding Millennials i love it hhahaha
I was riding my Mountain bike down the road the other day and was behind two of these types..
The one chunky 19yr old boy riding his LONG BOARD could barley stand on the fucking thing
All he was trying to do was turn slightly and kept falling off unbalanced.. he was going walking speed too.
Those long boarders get under my skin sometimes..
When i was a teen i had me a REAL skateboard.
And i could ride that shit like a champ !
I was not that good with tricks but i could drop in on a ramp or do an Olly.
I still can actually and high.. like riding a bike you never forget how.
I have impressed the young'in's lots with old man skating..
Telling them gimme your board and i will show you then i do it and they can't believe their eyes.
To be fair it takes me a few tries to land it though when trying to Olly so damn high.
Back in my day we would skate and read magazines like Transworld or Thrasher.
These kids now a days wouldn't even know what a magazine is !
If i catch one of these "long boarders" on my lawn ? I am going to turn my garden hose on 'em !
I wanted to get in on the Vitalik bashing here too but i am going to take the high road *this time*
But a picture is worth a 1,000 words ?
"The SEC" won't be investigating anyone one in the crypto currency market. It's not their jurisdiction
The Securities Act of 1933 describes securities as things we all understand to be securities: notes, bonds, stocks, etc.
Bitcoin, it's clones and virtually ALL alternative digital currencies are initially generated not by an investment of money, but by expending computer resources or (mining)
Therefore all cryptographic currencies are commodities.
When digital currrency derivatives begin to surface, this will give "the SEC" some jurisdiction. Until then, they're absolutely powerless in this market.
It was not an "attempted shakeout," actually it's funny that you think someone would execute a $3mill transaction with the sole intent of "shaking someone out" of the market. Hilarious
Someone sold $3mill worth of coin on Finex.. That's it. It happens...
I'm not saying that there isn't manipulation taking place, because there clearly is. But there are many individuals holding $1mill+ worth of BTC who aren't part of this manipulation ring.
That "shakeout" that you make reference to, was merely a single actor who decided to cash out. Hence why there wasn't a universal move across the rest of the exchanges
The Securities Act of 1933 describes securities as things we all understand to be securities: notes, bonds, stocks, etc.
Bitcoin, it's clones and virtually ALL alternative digital currencies are initially generated not by an investment of money, but by expending computer resources or (mining)
Therefore all cryptographic currencies are commodities.
When digital currrency derivatives begin to surface, this will give "the SEC" some jurisdiction. Until then, they're absolutely powerless in this market.
An example would be the attempted BTC shakeout a week ago on BitFinex where someone used around $3 million to try and break the price below $450, but Bitstamp, Coinbase, and others refused to follow their manipulation.
It was not an "attempted shakeout," actually it's funny that you think someone would execute a $3mill transaction with the sole intent of "shaking someone out" of the market. Hilarious
Someone sold $3mill worth of coin on Finex.. That's it. It happens...
I'm not saying that there isn't manipulation taking place, because there clearly is. But there are many individuals holding $1mill+ worth of BTC who aren't part of this manipulation ring.
That "shakeout" that you make reference to, was merely a single actor who decided to cash out. Hence why there wasn't a universal move across the rest of the exchanges
Nailed it.
Cryptocurrencies arn't regulated by the SEC. Bitcoin in New York, is regulated by the BitLicence - but Poloniex is not based in New York and doesn't accept NY customers (this is why they brought in all that FYC stuff last year - to make sure they weren't dealing with New Yorkers).
How much do you want to bet that Tristan (busoni) is actually in NY and not in Montana?
I'll let you decide how much you wanna lose
This guy must have been Nostradamus himself:
if they can find someone opposite of hip and kewl then it's also work,
someone look like a sorry ass homeless AIDS contracted so people would feel sorry for him and buy into his idea
This guy must have been Nostradamus himself:
Ethereum scammers are in full desperation mode now. Nobody is buying their Eth pump so they keep doing orchestrated BTC dumps to temporarily lower BTC price, make believing that will make people want Eth instead but there are just no willing buyers for that scamcoin.
The Stoat spam has decreased a lot after that Eth double top and beginning of dump.
ethereum has more buyers than roach's mum. Creating jealousy
Poll results seem to be unanimous so far...
Or maybe the SEC will simply turn the whole thing over to FinCEN.
Just buy 1/10th of an Eth so you can get in on the class action lawsuit:
Who decides how and which issues are organized and presented to the voters; and is that influence effectively centralized control?
I'm not sure what side you're trying to take on if it's an investment security or not, but since it's not possible to even have a decentralized system without PoW (PoS is a permissioned ledger), that seems like it would automatically fail for all Eth's legal defenses once they switch to proof of stake. The fact that they held an IPO for the proof of stake system just puts them further in the grave.
Maybe I should buy just 1 Eth so I can sue them for fraud.
Jump to: