Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield
by
IncreaseMyT
on 19/11/2014, 17:04:33 UTC
I don't have to call the SEC because it is not (yet) regulated so what in the real world is obvious and punishable insider trading, in crypto not only is not penalized but considered normal, acceptable behavior by the likes of you and others.

You sure about that?

Quote
“It has not been tested, but I do believe we have the authority because bitcoin, by I think a very rational reading of our statute, classifies as a commodity and the definition of a commodity under the Commodity Exchange Act."

http://www.coindesk.com/commissioner-claims-cftc-can-intervene-bitcoin-markets/

There's certainly no precedent but the statute could be enforceable, I don't know. What I do know is that when regulation comes, mane "loose behaviors", for lack of a better term, could be and probably will be re-examined. Either way, is crypto is to ever be taken seriously, obvious ethically-lacking behaviors, such a back room deals, auctioning of features and software created on behalf of investors, etc. need to be eliminated. People used to "help" (you just have to love the euphemism) competing projects, need to be brought to line.

So basically your wondering if crypto will be taken seriously?

What is a back room deal? Is this supposed to be a peer to peer currency/commodity?

auctioning of features? what do you mean?