Re: The altcoin topic everyone wants to sweep under the rug
- I was incorrect to waste my time badgering other coins about their ethics. I followed smooth's lead on that. I have already explained that the issuers and promoters may or may not have to answer to the legal repurcussions in the future, but that is irrelevant. Also the key breakthrough in my legal understanding is when I recently realized that if the source code is open source , the protocol is decentralized, and the issuers aren't in ongoing control of trading (which was Ripple's mistake that caused them to run afoul of FinCEN KYC/MSB regulations), then it doesn't likely matter under the Howey investment securities test (which is orthogonal to the FinTech regulations such as FinCEN) how the tokens were issued, because the speculators are in control of their future expectation of profits (return on investment) and thus nothing is secured by the issuer. Forks of the source code and copycat coins are evidence of that reality. I opened my eyes and decided to understand the reality of the nature of speculation. The amount of $ flowing into altcoins is miniscule compared to the other scams going on daily since the beginning of mankind, including for example the fraud of the Federal Reserve and fiat money. The Climate Change carbon tax clusterfuck is many $billion greater fraud than anything going on in altcoin ecosystem, and at least the altcoin ecosystem has the chance to spawn an actual breakthough that helps mankind.
- You seem to have originated from a Communist/Socialist philosophy wherein you think it is the role of society to determine what is fair and how to best top-down regulate the flow of capital. This is incredibly myopic because there is nothing the government can't make worse by regulating it.
"Elephant: a mouse built to government specifications." Lazarus LongThe joke is on you not understanding that Armstrong is writing about the medium-term when he is bullish, and in the shorter-term his reversals are guiding us through bounces and dips until we get the V crash slingshot that sets up the medium-term blast off.
Your lack of reading comprehension is the joke. AltcoinUK enjoins you in that handicap.
slingshot that feeable puppet mind of yours.... guiding useless scenario after the fact.
As MA has explained, there will always be dumb people to be the bagholders in the market. There is nothing anyone could do to change that.
by now he is a law enforcement material
What enforcement
Copious tough talking diarrhoea flowing out one end but zero action forthcoming.Indiegogo doesn't even enforce their own policy against selling prohibited perks that are negotiable instruments.
AnonyMint documented the reasons ICOs can be considered harmful, but it is irrelevant.
Decentralized, open sourced tokens are probably not investment securities regardless of how they were issued, but many of these recent schemes such as the DAO appear to not be actually sufficiently decentralized to avoid being classified as investment securities. But that is the potential legal problem for the issuers and perhaps promoters, but not for the readers here who are just the speculators.
There are too many self-important do-nothing talking heads on this forum. At least the scammers are risking their own future legal problems to provide the market here a semblance of what it craves.
So keep on babbling talking heads. That is a symptom of the disease of the incapable.
So if you really think your goal is to invest to better the true adoption and goals of a decentralized economy, then stop whining and go make it a reality. Stop blaming the scammers for your own inability to invest in and/or launch something that really addresses that goal.
Being less worse, doesn't make it an accomplishment. Two wrongs don't make it right.
Too much useless verbal diarrhoea on BCT.
And then he claims to know what is expert coding
Ah pardon me, but being an active coder yourself would allow you to be a peer. Otherwise you are just a rocking chair, finger up his anal-yst. Yeah I know you scored 16 touchdowns in 1932 for the Brooklyn Browns with half your ear torn off. How many times have you repeated that story? Btw, we wear helmets now and take steriods. And ES6 with modules on Node.js isn't your grandmother's Java threads.