Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ʉ Umbrella | Insured Cryptocurrencies | BITTREX | Litecoin Insurance
by
flapman1
on 28/10/2014, 16:09:23 UTC
Looks like the end is near for scam coins.  Best dump and move into something safe like Dogecoin or Pandacoin, etc.  The Feds are coming with bells on ...

http://www.coindesk.com/fincen-rules-bitcoin-payment-processors-exchanges-money-transmitters/

https://www.cryptocoinsnews.com/sec-sends-inquiry-letters-hundreds-bitcoin-companies-unregistered-securities/

These umbrella coin things break about 20 of the laws the government up to now wasn't bothering altcoins about.  Games over, m8s.

Don't want to hear how "this is crypto, anon, the government can't touch it". Right, but they can touch Bittrex, Cryptsy, etc. and "encourage" them to delist anything on their scam list ... And if the exchanges want to stand firm (like that will happen ...) good luck getting any real merchants to use a coin once they get a friendly call from a nice fellow in Washington.