Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ethereum: Welcome to the Beginning
by
cybnate26
on 26/01/2014, 01:18:44 UTC

. I'm really hoping we can get a good conversation going about identity and reputation systems or decentralized autonomous organizations or how to earn money by renting out your hard drive.  

Offtopic: (shameless plug) renting out your harddrive can already be done with Peercoin. Buy Peercoins and get 1% interest a year with mining PoS blocks with your client and hard drive.

Ontopic:
This project is very interesting to follow as it will further set the scene on what is legal and illegal. Where does a commodity ends and a currency starts. Bitcoin community has been very careful with advertising Bitcoins as a currency, although I'm seeing projects on the horizon which might change the scene.

Both Ethereum and EMunie will be way closer to what most jurisdictions consider a currency (or company). Sure that Bitcoin (and altcoins) will be affected (restricted or forbidden) in someway or the other when these projects are exploring the boundaries of the legal systems in many countries. I consider having an entity in Canada a weakness to the project, they should have started with a DAO in the first place. Either way they will likely have to engage in some legal battles, as there are too many people out there who have interests to make this fail or restrict. So they will need their 50% cut. There is a reason why some of the crypto developers rather stay anonymous as it is a tricky legal space.

Best time to become a crypto lawyer  Grin