Details of USA Securities Law is covered in the following thread:
https://bitcointalk.org/index.php?topic=1218399.0
Making AMPS publicly available for sale to non-accredited USA investors makes the unregistered investment securities illegal even if issued by foreigners.
Again, you coming to some imagined conclusion in your mind is not law. Even if you're speculation turns out right, your claims are still wrong. If a court case or new law sets a new precedent, future cases can be brought, but not from the past.
Alt currencies are not investments in the eyes of existing law anyway.
Verbal handwaving is not technical explaining. It is clever marketing to fool n00bs, but I know better.
If you are the guy who doesn't get it, and almost everyone else does, then you should look in the mirror first, before claiming the teacher is "handwaving".
It's just a baseless claim, chosen so others are not supposed to be able to argue against it without their own instructor certified level of understanding.
We need sufficient technical detail so that we can verify if the system will do what he is claiming it will do.
It has been in commercial operation for a couple years. Your approval is not needed.
Also keep in mind that he works from a computationally correct basis - this is as good as proof of concept in this context. In order to 'verify' it, you need to learn those specific maths. Without that, you cannot verify it for yourself, and everything said about it will be above your head.
So, again, please cease and desist with the negative misinformation and claims.
Ask your father for a refresher on Libel & Slander.
