Stay in BTC folks

> ETH is a commodity that takes time and resources to aquire and create.

EOS should be a commodity too then. Sure you can argue that EOS is not decentralized enough but block.one can argue that 21 nodes is more decentralized than ETH blah blah blah.

You can argue that most EOS coins are held by a few wallets but what if those wallets distribute them, how can you prove that they didnt sell them OTC and now have a decentralized number of wallets?

This bullshit is never going to end and the SEC probably realized that. It will be another excuse after another. They cant deal with hundreds of ICOs debating whether their altcoin is decentralized enough.

Saying that ICO = security is the easiest and most likely solution. Just watch the interview. He clearly implies that they wont change the security law just because you are "DECENTRALIZED" enough

youtube.com/watch?v=wFr1ooaVPjY

isn't the ICO itself the security?
after that, it becomes decentralized so it'd be like anything else? i would figure that those that have had ICO's already would be exempted and only future coins would be subject to the regulation, and by that point it doesn't matter because a lot of ICO's exclude US anyway

bear in mind i dont shit about these things

*i dont know shit

>after that, it becomes decentralized so it'd be like anything else?
Watch this video, Jay Clayton the chairman of the SEC clearly says they dont give a fuck how decentralized you are if you are a security.

youtube.com/watch?v=wFr1ooaVPjY

Like i said, if they use being decentralized as the metric of whether you are a security or not, then every ICO would just argue they are decentralized enough.

Is SIACoin decentralized enough? Is fucking EOS decentralied enough? This wont end. By saying that hosting an ICO equals being a security will end everything and give the SEC the control they want.

Why would being declared a security make it tank

>Why would being declared a security make it tank
Just one google search would explain this to you.

Well U.S people couldnt trade anymore expect on DEXs, and other countries always follow U.S

4:48 he clearly does not answer the question at all.
he does say that ICO's will be treated as securities, but does not answer the "what about the ICO's that passed" question.

Why does anyone care if their tokens are declared securities? You will pay capital gains tax. What else are you actually worried about?

accreditation

One Google search later and I'm pretty sure there is nothing that would cause a dump

USA could still trade they would just need brokers

>rumor
>wrong conclusion
>more wrong conclusions
>stupid
>full retard
>listen to me

trading unregistered securities is called securities fraud....
the fuckin state of Jow Forums

I think the bar for issuing shitcoins and operating exchanges becomes more difficult but I don't see this as a big problem. Either way, if these people regulate the mainstreet-millennials out of the cryptospace they will need to be ousted at the polls asap.

KYC and pay your taxes. ETH is a utility/platform token. It's still too early to really classify cryptocurrencies. At least give most of these teams time to create a finished working product that create a consistent supply and demand of the tokens. Already being taxed is wrong. I could see one lump sum at the end of the year for a %, but not trade for trade tax since it's hard to track Binance to Etherdelta to Tradeogre and so on. Prices change rapidly. Greed in a corrupted system is growing old and it should nothing to do with this new form of money.

I have a law degree and I spoke with my cpa/tax atty about this and I'm not concerned. You won't be prosecuted for unregistered securities trading if they literally clarified the law just now; that's not how the law works.

> but does not answer the "what about the ICO's that passed" question.
He clearly says they wont be changing the way they evaluate securities based on decentralization. He even arrogantly puts it that they made a 19 trillion securities market by acting that way.

ethtrader sheep

>ETH is a utility/platform token.
EOS is a utility token. ChainLink is a utility token. RequestNetwork is a utility token. Lmao literally majority of the shitcoin ICOs will be able to get away with it by just pointing their finger that "but we are just like ETH".

That is why the SEC sees that declaring that ETH is a security while notifying exchanges like coinbase in advanced is the best possible approach. ETH will continue to be tradeable and ICOs get purged which is exactly what the SEC wants.

ETH despite being tradeable unlike other securities not listed in coinbase will most likely crash due to panic selling and ICOs liquidating their ethereum bags.

>bcash
>bcash
>bcash

Hurrhurr

Etherium is a smart (lawyer contract) way for the Israeli Mafia to convert autism into rrreeeeee jewgold. *ask roger ver vitcon Jesús

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Take me to your Dealer? Http://fork.lol

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This. ETH will 100% be labeled a security due to having an ICO. And don't give me that bullshit about ether being the "fuel/gas" that runs the network. All the SEC cares about is if there was an ICO. And ethereum had one. If that SEC chairman had answered the question directly, ETH would have tanked to zero immediately. But he said "I'm not going to comment on individual coins". He seemed like an arrogant, pompous prick too. The type of guy who wants to take down the crypto market so badly.

Let me see if I get this: tokens that had an ICO are securities. Security trading requires accreditation to avoid security fraud in the US. ETH is actually a security, rendering all ERC20 tokens securities, you won't be able to trade them anonymously or easily anymore.

Well that sounds pretty fucked up, there is a chance a lot of shitty ICO devs will try to get out of ETH to BTC, meaning they will have to crash their own projects to get away with their gains.

Burgers still think they own the world. Nobody cared about the SEC the first time and still nobody cares about the SEC. Declare ETH as a security, like anyone would care about it.

Well, you're right. American does think it runs the world but that doesn't matter right now. All that matters is that USA buyers are going to be blocked from a ton of markets and their money goes with them. This is bad for liquidity.

>Always do the opposite of what biz says

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BTC + Lightning is a security too.

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You guys aren't going to like this but from what I'm hearing across the different places I get news it seems like governments are trying to pick a winner for the crypto market and allow that to be the one coin they tolerate.
Privacy coins are going away
Securities-type coins are going away
Etc.

I don't see much of a future for anything that isn't BCH

the fucking absolute state of the land of the """free"""
can you sheep just do something about the kikes telling you that you cant even trade shitcoins

Accreditation is somehing that shouldn't even exist in the first place

Regulated markets get dumped on, retard. Why do you think Bitcoin was created to begin with? Say goodnight

Lightning is on top of BTC, it is NOT BTC retard. You can easily use BTC without offchain transactinos

it's amusing to see speculators rattling their cages. thread after thread, the multipost desperation, the escalation...
sorry buddy, no matter what happens to ethereum i'm not coming back to bitcoin
monetary value matters little once you have enough, and the dapp ecosystem is more interesting and more fun than anything money can buy
i'd sooner buy eos than btc, and that's not an endorsement of eos
as for thirdworlders and retards, they won't flock back to btc if their shitcoins die... they'll leave crypto altogether

You'll leave Ethereum once it comes to light who is actually behind it.

Have an analogy

Zuckerberg:Facebook:Lifelog
Buterin:Ethereum:?????

Fill in the blank.

If Lightning gets called a security BTC is fucked.

you are one dumb cunt, SEC has already said that BTC IS NOT A SECURITY

Lightning is not going to change that

He never said BTC.
He just said Bitcoin.
Bitcoin Cash is bitcoin. It's not a meme.

Clarity will come soon.

If sec declares ETH a security, the price will actually soar because institutional investors will drive it while the normies are stuck on the outside looking in. Somebody is getting fucked alright, it just won't be current bagholders

im an idiot someone please explain. isnt getting definition on this situation, while not as positive as it couldve possibly been, still not that bad?

isnt being defined as a sec bad but not that bad? how does this effect new ICOs or opening ICOs to/in the US?

feel free to direct me to someplace where i can learn for myself, but it better be idiot friendly

The moment they get SEC approval, coinbase will start offering ERC20s. This is the event that will trigger the next bullrun and it was all preplanned by coinbase and whales, which is obvious if you take a look at the price manipulation that went on for the past 6 months

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No cryptocurrency can survive as a security because of the regulations that implies. Normal people won't be able to buy any.
The whole reason cryptos work is because any tom dick or harry can plop down 50 bucks for some.
That's not how securities work though.
If a coin becomes a security then it is FUCKEd.

This security debacle could end up being the trigger for the next crypto winter.
If so I'd be upset as fuck.
I doubt there's gonna be another bullrun for shitcoins.

coins becoming sec means that they cant buy only during the ICO though? or does that mean they can never buy them?

wouldnt the coins turn into stocks after the ICO phase is over? idk how any of this works im just a normie

>SEC said BTC is definitely not a security
>hurrr durr i still prefer ETH since lightning is a security
The absolute state of you. The moment ETH is publicly declared a security it will dump regardless of fundamentals.

You better not be holding chainlink or other altcoins when that happens because if ETH is a security thanks to their ICO then literally every altcoin that had ICOs will tank.

OMG, VEN, WTC lmao all dead. At least ETH will recover since its still tradeable in coinbase. GDAX will soon follow the coinbase move IMO.

But I actually don't think the big players will allow another crypto winter to happen. There's too much at stake right now, mass adoption is around the corner.

The fact that it is so complicated is why it's bad news.
But to be honest with you I'm not a fucking finance lawyer either, I don't know the answers. I just know that securities are bad news for normal people.

coindesk.com/fear-hodling-mit-blockchain-experts-weigh-impact-sec-crackdown/

Best bet is to search articles for how being a security might impact ETH.

What are you on mate?
My post was negative on ETH.
English your first language?
You think Zuckerberg is a good guy?

>The moment they get SEC approval, coinbase will start offering ERC20s.
You're getting the wrong idea. Coinbase is trying to cover their ass for a coin currently existing in their platform.

They are clearly not covering for BTC, LTC, and BCH since the SEC made it clear those are not securities. Gee i wonder what coin is currently in coinbase that had an ICO during the beginning?

>muh shadow jews
couldn't give less of a fuck if eth was bankrolled by soros + rothschild + the clinton foundation
let's repeat slowly for your sad, obsolete speculator brain
i
use
dapps
much like i don't concern myself with google being evil when i use their objectively superior tool to do a search nor with hiro periodically injecting easily blockable malware into Jow Forums ads, ethereum being hypothetically funded by secret lizard people has no relevance on the usability i get out of it right this instant
my stack could go to 0 USD before i'd buy bitcoin, because bitcoin will never be a viable smart contract platform
spare me muh rootstock, bitboy

Lightning getting called a security literally doesnt matter. And it cant be a security. Lightning doesnt need coins. How the fuck do you even invest in lightning idiot?

Alright mate that's fine.
All dapps are going to switch to BCH, I hope you know this.
If not then that's sad.
I'll see you in a year or so on the BCH chain.

Nothing bad is going to happen to ETH. Too many big players are invested.

>sO what are they covering their asses for?
they just said that shit so people will still be anticipative about an upcoming new listing like BAT

>i use dapps
Like what? ICOs? Trading shitcoins on etherdelta? Cryptokitties? All have been a failure.

Thats why in the recent consensus debate Lubin and that BTC maximalist got a little bit heated. The bitcoin maximalist was bettign that a few years from now the killer app will still be digital gold.

Do you even understand how lightning network works?
The whole system is fucked if it gets called a security (which it will).
Opening channels to make money? That's a security. It will be regulated away.
Lightning is dead.
BTC is dead

>Nothing bad is going to happen to ETH. Too many big players are invested.
Nothing is going to happen to ETH it will still be tradeable. Thats why the SEC probably notified coinbase to get a license to trade securities ASAP. That doesnt mean it isnt going to tank though.

Put it this way, if you had insider info ETH will be publicly declared a security tomorrow, will you sell? Of course you will dumbass, because you know other people will sell and the price will crash.

The ICOs declared as securities will definitely cash out the ETH they received. Thats why ETH is a pretty shitty hold currently. Downside is very high because a lot of ETH are bagheld by ICOs who get them basically for free and have no qualms about selling.

>they just said that shit so people will still be anticipative about an upcoming new listing like BAT
Not a bull market anymore, people wont pump every plausible shitcoin anymore based on a rumor.

Has raiden's price affected ETH? No. No one literally gives a fuck if Lightning is a security in terms of BTC price.

Thats why BTC has the best fundamentals that is digital gold. Its fundamentals is not caring about fundamentals. Listen to Peter thiel and Novogratz. BTC is just like bars of gold you hoard in a vault. No one cares about scalability as opposed to the store of value.

stateofthedapps.com

Example of an unmitigated success and real-world dapp: MakerDAO/Dai

Core has literally painted themselves into a corner.
They reject any blocksize increases in favor of lightning, and now lightning is about to get wrecked by the SEC.
The coin is dead now, it has no avenue for scaling.
Digital gold analogy only works if the coin has utility. You can't be digital gold if your coin doesnt even work.

BCH is everything BTC is but more and better.
How many attack vectors are there to kill BTC for good now?
It is very vulnerable.
Are you familiar with game theory?

>makerdao.com/
Their website isn't even online mate.

You realize ETH still has to register as a security? And it also means they sold unlicensed securities.

>BCH
Lmao so thats what this is about. I'm not going to debate about BTC vs BCH since all that can be discussed about this has been discussed.

It all boils down on Store of value vs currency. BCH will never succeed since using this for payments is too cumbersome.

>You realize ETH still has to register as a security? And it also means they sold unlicensed securities.

ETH wont have any problems continuing to exist and will probably recover since the SEC is probably working with the exchanges like Coinbase on making them regulated exchanges to allow ETH to exist.

But if you dont want to dump in the short term, better exit fool.

You're saying that programmable money isn't worth investing in
You're arguing against progress
You're arguing against innovation.

Internet in 1990
Cumbersome or easy to use?
Internet in 2018
Cumbersome or easy to use?

Have vision.
I sleep now.
Good luck.

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>You're saying that programmable money isn't worth investing in
No im saying holding a coin that is likely to be declared a security and being bagheld by hundreds of ICOs is stupid.

Put yourself in the position of ICOs. They would have no problem at all selling their ETH at the current price since they got it almost for free. Every ICO and ETH bagholder will be rushing for the exit.

Regardless of technological fundamentals, you are just asking to get JUST'd now that the ETH hype is gone and the risk is high. ETH hype peaked in July 2017 btw in case you werent there.

Best example of this is r/ethtrader being butthurt whenever EOS sells a portion of their ETH stack.

Lmao muh fundamentals..... but fundamentals dont matter when ICOs keep dumping ETH.

Also ever wonder why the number of ETH shorts have been pretty high lately? Some have been short squeezed but its still sketchy as fuck.

Its almost as if, ETH is a security hmmmmm

SEC, take your securities, turn that sumbitch sideways and stick it straight up your candy asses.

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