Quote from: iotatoken on March 16, 2016, 09:05:18 PM

Quote from: TPTB_need_war on March 16, 2016, 08:07:37 PM

Quote from: iotatoken on March 16, 2016, 07:44:43 PM

Quote from: TPTB_need_war on March 16, 2016, 07:29:57 PM

Quote from: TPTB_need_war on March 16, 2016, 07:25:18 PM

Quote from: 50cent_rapper on March 16, 2016, 07:21:54 PM

Well the offer me to buy some software during Crowdsale, I liked the idea DAG and bought some.

What have I done wrong Huh

Did you verify that Iota adhered to all laws and regulations for selling investment securities in every jurisdiction where they offered the "tokens" for sale to investors?

Specifically did they register these tokens with the SEC in the USA? If not, did they restrict non-qualified USA investors from obtaining the coins?

I hope you aware it is against the policy of crowdfunding sites such as Kickstarter and Indiegogo to offer any shares or redeemable tokens to contributors.

Why would we ever register with SEC to sell software? I know you want to pretend you're a lawyer, but c'mon, this is pretty basic. When I talked with our lawyers about this there was absolutely no constraints on selling software to the US.

Afaik, you sold a token which can be resold by investors. The Supreme Court has said about the Howey test, that it would look past all attempts to obfuscate a security.

Software is not an investment, rather it is purchased for a use case. The Howey test looks at what the expectations were of those purchasing.

Your lawyers are ignorant apparently.

Haha, we have never tried to 'obfuscate' anything. We made it crystal clear that we do not care about speculators, we do not promise any appreciation in value of the tokens, we sold the tokens as software (which it is), and we SPECIFIED that it was not an investment, security or asset.

The Howey test doesn't concern itself with what you claim you claimed. It looks at the expectations that investors have. It is clear from all the pumping of Iota that investors are expecting and even promoting gains on these tokens. Thus they are securities. And you did create them and sell them.

Any way, feel free to ignore me. You'll learn the hard way. Bring some Vaseline with you to jail to make it easier on yourself.