Man it smells fresh in here!
What happened to the FUDclouds?
What happened to the FUDclouds?
Old crypto hand here (2013), different account. Love how the trolls just STFU after Reggie's last post.
To Reggie: Keep on keeping on. I for one have been proud of the work you're doing and with the level headed manner you've dealt with trolls, critics, dickhead editors, and racists. I'm long on about 20 coins/tokens but VERI is one of my top 3 favorites due to your body of work, your team, and your IP.
P.S. I just love the sound of crickets after a mic drop.
Nobody really cares anymore after the hacking. Anyway they are probably going to be shut down by the SEC.
https://twitter.com/SEC_Enforcement/status/889949240671305730
https://twitter.com/SEC_Enforcement/status/889967264476393477
https://twitter.com/SEC_Enforcement/status/890198815688585217
Based on what was released: probably nada for ICOs that have already been completed such as VERI and the DAO. The SEC said that tokens *can* be securities. It depends on the ICO and what they're trying to offer. Not all ICOs will meet the SEC's definition of a security.
According to the SEC: the DAO should have been registered as a security since it dealt with direct profits from investments and offered direct voting for token holders. Companies seeking ICO funding are going to have to be very careful going forward about what they're offering investors.
Essentially: if you offer a coin or token for access to a service or its network/ecosystem, the company should be fine as long as they play by SEC rules. The recent SEC news is bullish in my opinion, and is yet another sign of growing maturity for cryptocurrencies and digital assets/tokens.