Quote from: Brilliantrocket on May 02, 2015, 10:37:18 PM

Quote from: Prosperityforall on May 02, 2015, 10:34:14 PM

Quote from: Brilliantrocket on May 02, 2015, 10:18:18 PM

That has nothing to do with regulating the initial distribution of a digital currency. Evan was fully within his rights to determine how Dash would be distributed, and furthermore, make changes in the future. He could have premined it 100% and sold the coins for $1000 a piece, and it still wouldn't be illegal. It's obvious that you're grasping at straws.

Having an unregistered IPO in the USA is Illegal if that's what you're referring to. It's probably best that you go inform yourself of the various laws concerning securities, at least in the U.S.

That's nice, but rather irrelevant, considering that cryptocurrencies are not securities under federal law.

Again, go read the laws concerning these matters before continuing to argue on a baseless foundation. Evan Duffield has been the main, sole developer of Dash no matter how long or how brief. Vertoe has stated that Dash is centralized. A cryptocurrency needs to meet two criteria to be defined as decentralized, Dash only met/meets one.

c.   De-Centralized Virtual Currencies

   A final type of convertible virtual currency activity involves a de-centralized convertible virtual currency (1) that has no central repository and no single administrator, and (2) that persons may obtain by their own computing or manufacturing effort.

   A person that creates units of this convertible virtual currency and uses it to purchase real or virtual goods and services is a user of the convertible virtual currency and not subject to regulation as a money transmitter. By contrast, a person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter. In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency.

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