Re: rpietila Altcoin Observer

Quote from: Peter R on June 04, 2014, 09:38:42 PM

Quote from: nakaone on June 04, 2014, 09:24:08 PM

bcnext or whatever the name of the initial distributor was is as unknown as satoshi - I doubt this will be an issue in the future.

The issue is that "based on an injection of 21BTC by 73 original stakeholders, 1 billion Nxt coins were ejected from the Nxt genesis block."

http://i.imgur.com/bt6zNBR.png

If these original stakeholders solicited investment from the public in exchange for Nxt shares, how could this not be construed as a security offering?

Well good luck with the SEC enforcing that.

Good luck finding BCNext and good luck shutting down a decentralized exchange. Good luck with jurisdiction outside US. Good luck not adjusting to the evolution of cryptos.

If the innovators in this industry were as worried as you, there would be no industry.

Satoshi premined bitcoins. How'd that work out?