How did Ethereum get round the SEC rules on selling unregistered securities, or is it registered with them?
Yes it's forgotten that Ethereum tried a sale back in January but it was cancelled when they found out it was breaking Ontario Government laws on securities and crowd funding. No idea how they are able to renew the Ether sale without breaking laws in Canada. I imagine Ethereum has either relocated to Switzerland or Uganda as indicated on their website.
I don't think relocating can exempt them from Canadian law, especially when prior evidence indicates it was a Canadian operation, but that doesn't matter since the laws takes years to prosecute people and Ethereum company by then could be dissolved. Maybe Vitalik could be under house arrest like Charlie Shrem but then it's Canada so he'ld probably just get probation "don't you ever do that again young mister, oh and you can keep that $8 million you made".
Switzerland and it's not really an IPO. Loopholes baby
https://www.youtube.com/watch?feature=player_embedded&v=2PAHMxQCDAQ#t=216
Won't stop them from getting prosecuted baby if enough people complain to their respective governments
Also just because you say "This is not an ipo. ETH is not a security or derivative" does not make it so. The OSC or the SEC could see it very differently...
What does the Suiss have to do with the SEC baby? does the SEC run the planet?
Being based in Switzerland doesn't mean sh*t:
whose your daddy?
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370540498213#.U9HAPO9XZAg
And yes the American banking relationship with the rest of the world makes it a hard place to hide finances especially if you are not connected at the highest levels which this Canadian band of bitcoin bandits clearly isn't.
Bitcoin Bandits? Really?? Judge jury and the executioner? Seriously... wtf are you
yes.. Banking relationships.. BAAANNKKING relationships! did you not get the memo?
Where were you when MF Global took all that money? UNDER SEC's supervision? Or when we found out about the LIBOR fixing??
Get off of your soapbox. Why don't you start yelling, if and only IF they steal all the btc and abandon ship with no working product.
cheers
Those cases you pointed out fall into "too big to jail."
Ethereum and the people working out of Bitcoin Decentral (most of whom also work for Ethereum, EthSuisse, EthFraud...)
are just the right size: big enough to help a prosecutor's resume and not large enough to cause large financial waves.
Unless they ACTUALLY DO what they said they would.
Too big to fail? too big to jail? Fuckaatahere Time to click the ignore button. Nice talking to you ( not really actually)
bye!
yes.. this kid is going to steal all of our money! thats his motivation!!! lol
https://www.youtube.com/watch?feature=player_detailpage&list=UU6rYoXJ_3BbPyWx_GQDDRRQ&v=rJAEgFz-vjk