Re: GAW Zen Hashlet PayCoin unofficial uncensored discussion. ALWAYS MAKE MONEY :-)
This is EXACTLY what the SEC and other financial authorities would like to hear...:
"...We will move the market ourselves ..." ...
VERY NICE shot in the leg, Retard ...I mean Homero...
Clear case of Documented Market Manipulation...
ZiG
"...We will move the market ourselves ..." ...
VERY NICE shot in the leg, Retard ...I mean Homero...
Clear case of Documented Market Manipulation...
ZiG
The SEC might not care about a virtual market though. I'm not defending GAW, but the law is trailing so far behind, PayCoin might as well be the equivalent of in-game gold in an RPG, baseball cards, coupons, or bottlecaps. They might not really care about a new virtual currency... They might get a slap on the wrist for being a money transmitter, if they didn't have that license with FINCEN. If GAW created the market and a virtual currency, that's not much different than selling parker brothers monopoly money on ebay.
There's a thread somewhere around here about reporting them as a ponzi, that would probably carry the most weight and get the most attention from the feds to be taken seriously.
Actually they do care and have started clamping down on cryptos. All of the scams and all of the complaints have done this. Fraudsters, Sleazy Devs, and Pump and Dumpers have brought this on. There is a shitstorm on the horizon and when it hits it will not be pretty. Most of these ICO, IPO, and crowdfunded coins should have been registered with the SEC or attempted to skirt it with legaleeze (up for debate if it will pass the SEC sniff test - will probably be a court challenge sometime in the future)
http://cointelegraph.com/news/113258/appcoins-crypto-crowdfunding-and-the-potential-sec-regulation-pitfall
It's a shitstorm Randy!