Post
Topic
Board Altcoin Discussion
Re: rpietila Altcoin Observer
by
NewLiberty
on 04/09/2014, 03:58:04 UTC
That gate wasn't constructed until centuries later.  The reinterpretation is thus erroneous.
The experts disagree, so can we.  Maybe it was babbling nonsense, maybe it was profound.


Quote
http://en.wikipedia.org/wiki/Securities_and_Exchange_Commission_v._W._J._Howey_Co.

Key phrase: "broad array of contracts and other schemes to raise capital in a way to secure some income or profit from the use thereof"

This case would apply to derivatives contracts, and futures contracts.  Or to a security.  So I don't see it as a problem for Poloniex though it may keep Risto from coming to the USA, sigh...
If the SuperNet is a security of some sort it could bring trouble.
I don't really know what it is, it is difficult to determine from what is written in the Supernet treads I've come across.
It seems to mostly be promises, which could put its issuer in hot water depending on how it is handled.

Edit: Calling it an IPO (or even an ICO) is likely a mistake.  It may confuse the regulators against the interests of those involved.