Quote from: barabbas on November 19, 2014, 05:33:31 PM

Quote from: IncreaseMyT on November 19, 2014, 05:04:33 PM

Quote from: barabbas on November 19, 2014, 04:42:15 PM

Quote from: IncreaseMyT on November 19, 2014, 04:34:22 PM

Quote from: barabbas on November 19, 2014, 04:16:23 PM

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?

No, not basically. Definitely. The bad guys have to get burned off crypto if it is to be taken seriously. A back room deal is one made in secret, without any transparency at all. In the real world, those are strictly (at least in intention) regulated and the Feds watch over them besides providing incentives in the millions of dollars to whistle blowers. In the crypto world are the coin of choice of the bad players. I take you have read recent scandals in which coin developers are on the payroll of pump and dump groups such as the ones headed by Prometheus and bobsurplus. Before that, the infamous Black Hand that thoroughly manipulated Black Coin with the full knowledge, support and participation of its dev team. Anyway those are some of the back room deals most notorious, there are many others going on right now that have been more discreetly handled ... so far. Other back room deals are auctions and purchases of features developed -often with backing of donations from investors- by the devs of some coins that are either for hire on a part time basis -like Julian here- of have their features developed available for sale or auction to whoever bid the highest, so they are not necessarily as interested in the success -and raise in price- of the coin as they are in selling those features or services to other competing projects.

The amazing euphemisms that they use, range from "helping" other projects, are just hilarious. Since they actually believe it is not unethical behavior in some cases, they gladly point out that it is sort of "you scratch my back, I'll scratch yours" and, as such, perfectly acceptable,

Anyway, the whole back room scene is just another world of which we are now catching glimpses and only through disenchanted or disenfranchise otherwise gladly and willful participants in the many versions of the shady schemes that rule the alt world and which the general investor is not aware of.

You are being ridiculous to insinuate that Jyap is anything remotely close to the BC and whatever other coin pump and dump.

Personally I don't consider one person buying crypto from another a "back room deal".

What your talking about is way off base. Naut needs a Dev, Jyap is familiar with the coin and has a good reputation. I think its great he is working on the coin.

If Naut was worth some ridiculous amount maybe it would be even worth speculating about, but its not.

There will always be bad guys no matter what. Are there no bad guys on wall-street?

BTC is already being taken very seriously, and is gaining traction at the moment. All the other coins are super speculative and you should go into them knowing that.