Quote from: jimmothy on October 10, 2013, 11:51:09 PM

Quote from: crumbs on October 10, 2013, 11:43:24 PM

Quote from: jimmothy on October 10, 2013, 11:37:06 PM

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This is exactly it. Pretending that the stocks were for educational purposes was a joke. Any company that takes in the equivalent of millions of dollars USD from investors is definitely not for educational purposes and should expect to be regulated like every other business in the united states. So clearly both of these exchanges were operating illegally, is there any reason to believe havelock is not going to suffer the same fate? Has anyone actually looked through their terms and how they operate carefully because it seems we only ever come to realize how incompetent these companies are after they have already fucked us over.

You didn't realize these exchanges weren't regulated? That's incredible Shocked

There should be a banner on the homepage saying "we will in no way attempt to comply with the US law". Do we have any actual details as to why these exchanges are shutting down? As far as I am understanding they just aren't complying with SEC's standards which don't seem too unfair in my opinion. I would love a bitcoin based stock exchange that actually does comply with US laws sort of like how many bitcoin exchanges operate legally in the US.

Let me make sure i understand you:

1. You hear about a crypto-related internet company, unregistered or registered in Belize or the Caymans.
2. A guy on the internet tells you to invest.
3. You are directed to a website, a "Virtual Exchange."
4a. Site tells you that nothing on the site is real, everything is for "entertainment or educational purposes only."
4b. Site tells you

.
5. ? ? ?
6, You "invest" money anyway, expecting to "PROFIT!"

You don't see anything ... unusual here?

Edit: you might find this exchange between burnside & Ukyo, from about a year ago, a fun read.