Out of curiosity, does the wording of this thread (fanclub, donations, etc.) actually prevent the SEC from prosecuting this as an illegal security, or is this just due to luck.
It isn't just wording on a thread. It is the reality of the situation. There are no promised returns of any kind. NastyFans as an organization has never profited in any way from the sale of seats or anything else, it has no physical assets, there are no paid employees, no company issuing anything, & it isn't even based in the US. It really is a fan club for Bitcoin enthusiasts that I and others donate their time and energy to so that the community can have a fun use for their Bitcoin.
The part that is confusing is that the returns are largely from donations that I personally make with my mining operation or coin sales and software development is largely done by nonnakip for free over a period of many years. It's hard for some people to imagine others out there spending their time and money to donate to strangers so the community has something cool to display, yet that is the reality of the situation. If you ask me, NastyFans is more closely aligned with a charity than an illegal security, but calling it a fan club is accurate.