Coinbase Notified By SEC to Delist Chainlink

LINK is suspect to be an unregistered security

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YOU HAD ONE MONTH (1) TO SELL ABOVE $3 BEFORE THE DEVS

How is it secure if I'm being dumped on?

banana an obvious one

Eric Holder lied and Paul Walker died.

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Nice source. Go be bored elsewhere

It doesn't seems far fetched that SEC would do this..

some user sent a "tip" to the SEC a few weeks ago, coinbase is playing by the rules and suspending trading, SEC will probably give the green light and LINK will moon bc it's confirmed not to be an unregistered security

it's all so tiresome

fuck chainlink niggers and fuck incel discord trannys who believed in this shit lmfaofsdagasgsagasg

FAGGOTS AHAHAHAHAHA

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>some user sent a "tip" to the SEC a few weeks ago
If the thread about cancel-only mode is true (no coinbase account to confirm) that's the most likely story.

Honestly, link IS a security that passes (that's a bad thing) the howey test.

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coinbase pro cancel only confirmed, but not postings on any of the coinbase social media yet

they're playing it safe, because brian armstrong can afford good enough lawyers to make sure he doesn't list total trash

by the way, is it true that Sergey only ever commited a single line of code on github?
(ignoring the rumors about the secret shadow repo)

So what's happens to my link in coinbase? What do I do?

sergey isnt a programmer, he's a visionary and memelord. people will quote him like they do Aristotle

well then it's simple to deduce what happened.
Link is 100% a security.

Howey test:
>In the context of blockchain tokens, the Howey test can be expressed as three independent elements.
>1. An investment of money.
obviously (all tokens)
>2. In a common enterprise.
yep (all tokens)
>3. With an expectation of profits predominantly from the efforts of others.
Here chainlink fails and eg. ether doesn't, because currently chainlink (the supposed decentralized network) 100% relies on a centralized kyc service performed by chainlink (the company). If chainlink stops doing kyc, everything completely collapses.
Boom, link is a security.

It only got listed on coinbase because chainlink lied to everyone about decentralization and how things actually work, but the sec isn't that stupid, they just didn't investigate before the tip.

yikes

>LINK lied to coinbase and coinbase believed them and coinbase had inadequate due diligence and the howey test!
kek

Coinbase doesn't scrutinize a coin before listing it? What about their 500 page long framework. I'm confused

this guy is correct. the link token is not a security, it is a commodity. linkpool shares are a security which is why they wont sell to US customers.

what if chainlink lied about being decentralized and they simply didn't know about the kyc + exams for running a node?

>he's correct
>it's not a security
am i dumb or did you make two contradictory statements

Why aren't you memelord faggots worshipping jl777? Because he's anonymous, has actually built something, and is not owned by anyone. Chainlink is a fucking psy op and hopefully many will learn from this experience.

he's incompetent, I remember him from the nxt days back in 2014.
He's an absolute work machine, but incompetent. In a way, that's much worse than a lazy smart guy.

>Muh stinkie linkies
>Muh sergey
>Muh $1000 eoy

Hahahahhahahahahhah

>multi-billion dollar cryptocurrency exchange with access to some of the most sophisticated legal minds in the most powerful nation on earth
>swindled by a russian with a big mac addiction
lel

you know what, if this cancel-only thing turns out to be a nothingburger, I'm going to write a tip to SEC explaining how link is a security. The previous user just raved about devs dumping.

Duh, Sir Gay dumped his bags just in time...

...while you just got JUST'd

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have fun writing your little essay while multi-billion dollar corporations continue to lobby to protect jason parser

Incompetence for a coder usually means the inability to create effective code. you should check out this site called github sometime.

KYC has nothing to do with an expectation of profits. The fuck are you talking about?

can you pls explain me what's candle only on coinbase? I looked at my app and it's nothing different

>acts like an SEC insider
>acts like a Coinbase insider

LARP

All I remember is that his network designs were extremely insecure, he didn't see obvious avenues of attack. That doesn't mean his C code has simple bugs.
It's about chainlink requires a centralized party to function, that's what the third point is about
howey test is public knowledge brainlet.

nope im dumb and missread him. his statements on the howey test are correct but for some reason he said its a security when he claims it failed the howey test. the KYC has nothing to do with if its a security or commodity. its if holding the token will generate you a profit because of someones effort; which it doesnt. you dont get dividens are returns on chainlink. the nodes IF you use them may give you a return, but thats no different than giving cash to a bank and expecting interest. cash is a commodity, link is a commodity, gold is a commodity, LP is more akin to a stock and is a security

The more did I see the more I buy. Chainlink is the future.

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>It's about chainlink requires a centralized party to function, that's what the third point is about

You're cherrypicking here when you have to look at the statement as a whole. You're right that it's based on the efforts of others (aka Chainlink KYC), but never once has the team promised profits and if you read through their Chainlink token summary you will see that they expressively say you should not expect profits.

The project is not finished yet faggot. Reputation system, penalty stakes, neet nodes, they are all under way, just like written in the WP.

Stinky links gonna get jinkied. LINK is dead at this point. It will never be mainstream adapted.

Dude, dont listen to this LARP. Of course he is cherry picking. Besides misrepresenting obvious facts like that the project is not finished yet, decentralization will come. 2/10 FUD at most. Nice to scare off some dumb fag Redditors, nothing more.

>The project is not finished yet faggot.
the legal status only cares about the current state of things, "it's only going to be a security for a while, please allow it mr regulator" isn't going to work.
>when he claims it failed the howey test
I wrote that it passes the howey test.

Are you telling me an user actually placed a complain and the sec gave a shit? kek

>the sec gave a shit
that I don't know.

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What a bunch of fudding faggots

LAUGH MY FUCKING ASS OFF

Imagine stating "can only pay in LINK" as a downside when it's the entire point of value carrying on the network.

Deluded Redditor that bought at 4,57$

That complaint will make the SEC laugh a lot. It is exactly what they like to see a project do to not be considered a security.

if Link isn't actually a scam $1000 will be a bargain