Post
Topic
Board Altcoin Discussion
Re: EOS - Asynchronous Smart Contract Platform - (Dan Larimer of Bitshares/Steem)
by
Hyperme.sh
on 05/10/2017, 05:34:46 UTC
The price will continue to fall because of inflation. I dont' think many of you are seasoned with investing. Its based on the law of supply and demand. They are pumping the ico out for a year until it reaches a billion coins. The price has a lot further to fall then this. Its only around 400m coins right now. Best time to buy is around may or june with the ico finally ends and they stop pumping coins into the market.

It seems that lots of people are expresing similar opinions, it would be intresting to watch what will happen to the price when all those folks start buying all at once when the price is "lower"  

Or interesting to watch if/when the SEC declares EOS an illegal security.

EOS isn't selling to US investors, says it right in their white paper, and you're required to state you're not a US citizen or buying on the behalf of one when you participate in their ICO. The SEC blaming EOS for selling an illegal security? Please, the SEC doesn't control the whole world's financial markets. No better than the war on drugs, it will never work.

It’s not that simple. Offering for sale is illegal also, even if no sale was made. The USA is not the only country with securities laws. And EOS did not sufficiently hide direct selling efforts that were clearly visible in the USA by USA persons such as myself. As well, there are even threads on this forum discussing how USA persons can employ a VPN to buy into the EOS token sale. They are responsible for doing KYC and AML but afaik they did not because ostensibly they want to be able to buy the EOS tokens from themselves.

Also there is the issue of resales to USA persons after the ICO and the culpability the issuers and affiliates have given they know a priori that they can’t prevent this. See Rule 903 for Regulation S resales.

It is not just the USA that you have to worry about, but rather the entity that controls not only the USA but most nations on earth (alternative link). They know damn well what they are doing to sucker all of you into scams and illegal activity before they harvest you c(l)ow(n)s. The rest of the “useful idiots” they will sucker into regulated crap like ADA and tZero which they control from the regulatory and investment banking level. They spread the USA’s FATCA all over the world, even Switzerland caved in to it. As for drugs, they own all of it globally from the banking level.

Disclaimer: IANAL. This is not legal advice.

EDIT: I just noticed my reply was the 666th reply (not including the OP, i.e. 667th post) in this thread. Mossad = Satan. Read Revelation. All the wealth gets concentrated up on the hill in Israel. This is underway. They created Bitcoin for a specific reason.

EDIT#2: I wrote more about this hypothesis.