Post
Topic
Board Altcoin Discussion
Re: rpietila Altcoin Observer
by
NewLiberty
on 04/09/2014, 14:57:51 UTC


It might satisfy it, I don't really know what Supernet is.  Very possibly it does, from what I've read of it.  Ethereum has perhaps a similar issue.
Certainly none of the other items on offer at poloniex would satisfy that test.
Open sourced distributed developed software money is neither a common enterprise, nor does it depend solely on the efforts of#4.
Centralized development can become problematic however as it pushes the line closer to #4.

#2 Expectation of profits...  There seems to be quite a bit of that being promulgated.

Not trying to be super picky with your post...I respect your thoughts immensely.

There is one other item at Poloniex, "JLH", that is basically a basket of NXT exchange assets collected by jl7777, that I think might also satisfy the test. 

Again, not trying to be a jerk and I wouldn't expect anybody to be familiar with every obscure listing on Poloniex.  But that one might also fit.

Good catch, I don't know anything about what they are doing with that.
You may well be right about this.  It will depend on the facts.
If Poloniex is putting together these baskets, or has an interest in them, or is involved in some way other than merely posting bid and ask prices, they could have problems.
If these are just items that someone else, jl777 maybe, is putting up for sale, and poloniex is merely acting as the electronic communication network, they could very well be in the clear on this too.

If I were their legal adviser I might suggest that they seek out a No-Action letter from the SEC and clearly define their involvement with the questionable issues.