@korvas and @wildshark
http://coremedia.info/blockchain-news/item/881-the-sec-crashed-the-ico-party-how-will-the-fun-continuewhy is ionomy this time calling it a crowdfund and not ico? are they scared that term affects them? does this mean their past ico was naughty? do they think a name changes it? also incorporating in another country does nothing to avoid selling to usa residents you cant just pretend to be elsewhere.
lets run the howey test in that link which sec uses shall we? this is to see if its a security and should be registered.
There is an investment of money
--> yes. btc is money unless i guess you mined 100% of your stash.
It is in a common enterprise
--> profits shared multiple parties on buy backs on market etc
There is an expectation of profits
--> sure is. wildshark always goeson about earn money with ion. it'll rise. you yourself korvas keep calling it an investment that will rise
Profits are derived from the efforts of others
--> like atoms dark matter yes. its auctioned so profits come from others selling.
what are your thoughts? looking very unregistered security like to me.
So if we put btc to that same test it to fails...but thats neither here nor there we can let that type of thing to the people who do it best.
BTW every point you made above is wrong which tells me you still have no idea how everything at ionomy works(which maybe the reason you dislike them so much)
There is an investment of money
--> yes. btc is money unless i guess you mined 100% of your stash.
No actually btc is not money in the eyes of the US government.. They specifically state that its considered a property and taxed as such.
It is in a common enterprise
--> profits shared multiple parties on buy backs on market etc
No atoms profits are used to buy anything from the market.
There is an expectation of profits
--> sure is. wildshark always goeson about earn money with ion. it'll rise. you yourself korvas keep calling it an investment that will rise
I can buy an atom from the auction, it makes me electrons to use ingame. Then i sell the atom for the same price (atleast) because the auction has a min list price...if anything i loose a small amount of btc as they have a small listing fee.Again its all in btc which we established the US does not consider money.
Profits are derived from the efforts of others
--> like atoms dark matter yes. its auctioned so profits come from others selling.
This statement really tells me you have zero clue as to what an atom does. Where does any profit come to me from others selling? Your profit comes in ion when you Get in the top 20 on gravity or are paid out in staker boosts or sell your electrons for ION.
what are your thoughts? looking very unregistered security like to me.
Nope...