THEY CAN'T DO ANYTHING ABOUT IT LOL
what do you think they're gonna do knock peoples homes and ask to see their mew wallets? the whole point of crypto is so these assholes have to look for a real job. crypto was created to circumvent the government, not work with it. Jay Clayton is just mad he's not gonna have a job in the future
Cope harder, faggot
the reason he's vague about it is because if he gets into specifics he'll have to admit it's unenforceable and impossible to stop. americans can use vpn's to participate in ICO's and the SEC will never know. just sell it on a decentralized exchange. don't let them fud you out of your coins that will be future fortunes
suck more government cock, faggot. crypto was invented to buck the system, not marry it
my prediction:
when crypto explodes and the USD spirals into a black hole, people are going to be scared
this is where violence starts
money moves into crypto
won't stop going up
whales start cashing out
won't stop crashing
this is where the suicides start
their ultimate goal is to purge the planet
Cryptocurrencies maybe. ICOs are businesses, businesses have to play nice with the government or they get fucked.
FPBP
cope harder faggot OP
>USD crashes
>crypto goes up
Relative to what? It's value is propped up by USD. If USD become worthless, and USD on the exchanges are what is backing crypto then crypto becomes worthless you fucking retard. Go be a retarded ancap somewhere else.
am i going to lose my nintendocoins
But utility tokens aren't companies. How can they stop people from operating nodes in a decentralized network or joining staking pools?
They said today that their 100 year laws work just fine and they don't plan on changing anything for crypto. They can't stop me from earning returns on staking..
that is the day a new currency will be revealed
a real virtual currency to be used globally
shit will send countries all at the same level, to pave the way for a new world order
Kek sandfaggot, relative to production costs. It's like you plebbitors aren't even trying to disguise the fact anymore
>he sold low
you're bout to get rekt fgt
....its probably XLM.
>what do you think they're gonna do knock peoples homes and ask to see their mew wallets?
yes and they'll use your ISP IP logs as evidence against you in court like they already do to movie pirates
face the music breh
>the whole point of crypto is so these assholes have to look for a real job
the whole point of the SEC is to make assholes like us have to look for real jobs
But they don't. I can set up a DAO, use it to pay employees in Eth and to release tokens/dapps of all kinds. Like a totally decentralised Alpha Bay or whatever. All kinds of ways to make it private too. That's a business that's no different to a regular company - except it's not part of any national regulatory scheme. All this shit about compliance is only so people can cash out to fiat - remove that need and they can get fucked.
Market will take a hit, since normies will be too rekt, but meh. The genie isn't going back in the bottle.
>what is a VPN?
>what is Tor?
hes right though. This was the whole point of BTC
You goys do realize they can see your online history. You also realize they arent stupid and they can tell you are viewing your wallets address on block explorers by your browsing patterns.
relative to gold
so what. There are more civilians then there are enforcers
Theyre basically barking Chihuahuas at this point, theyre not going to do shit.
>its on the internet so its not real
I bet those Anonymous faggots thought the same thing when they tried to take on the cartel.
>USD crashes
>crypto goes up
>whales cash out into er... USD which is now worthless according to you.
Don't think you thought that through tbhfam
What are they going to do? Send the police to your house? If that ever happened all hell would break lose. It would be an admittance that crypto is a legitimate threat and viable solution to banking. Either way theyre fucked, whats going to happen is theyre going to talk big and not do shit until theyre forced to years from now.
who
gives
a
f
u
c
k
cash out in another currency then you dumb fuck
hi PUssy boy
Did you have fun paying any gains you had to taxes?
>i fell for the tax meme
>i should scare them so they do too
Be a good little cuck, rules are rules now
You wouldn't want to break them would you?
>that 17 yr old millennial who thinks hes as tough as his nintendo switch video game characters
Hi Jay
god you are a dumb fuck, and still incapable of answering the fucking question. in summary, you are a dumb fuck
Didn't you hear, they hauled thousands of neet to jail when they didn't pay crypto taxes a few months back. It was all over the news, man glad i am safe and paid
I did answer the question.
>what do you think they're gonna do knock peoples homes and ask to see their mew wallets?
They dont need to, they can see it via your online history. Just like how they rounded up people who searched for a type of bomb after a terrorist attack and people were confused how the gov knew their google search history almost 10 years ago. If they want to know who owns what, they can see it easily. You are beyond normie tier if you dont understand the scope of the US govs data surveillance.
You guys live in some fantasy world where cops are going to come up to your door and shoot you over your monopoly money. You'll get an IRS letter because the exchanges sold you out, and youll call up your mommy to ask what to do.
t. exchange owner who sells out any customer im asked to
>>the whole point of crypto is so these assholes have to look for a real job
>the whole point of the SEC is to make assholes like us have to look for real jobs
lol this
You don't go to jail for not paying taxes you dumb fucking mutt. You get a bill.
You must be a nigger, because you're too fucking stupid to be white.
nice larp
you're not wrong, but why did you have to be a faggot about it?
look at these stupid fucking reddit cucks who don't know shit, who pays for braindead fud posts like this?
They have jobs? Really well paying ones, too, with great benefits.
So let me get this straight:
>Nobody cares about SEC townhall
>SEC says "Crypto? Yawn. Not worth the effort.
>Faggot OP thinks he won something.
>Nobody cares, continued.
Is that about right?
Meanwhile...oh, look. The price of bitcoin is closer to 6k.
Desperation is a hell of a drug.
>awaits bill from years back
>doing something worse than not paying meme taxes
Kys, pussy
We don't need your kind on biz
honestly everything is overblown. Coinbase has already filed paperwork with the SEC to become a securities exchange. Coinbase has also already stated they will be adding erc 20 tokens in the future. Any ERC20 token that isn't a scam will want to be SEC compliant so that big US money will be able to enter and use their products
Markets down, just having fun mate.
>Any ERC20 token that isn't a scam will want to be SEC compliant so that big US money will be able to enter and use their products
anything that gets registered a government agency will be confirmed a centralized scam
All you have to do is lose your private keys in a tragic boating accident, sorry SEC & IRS can't help ya out.
then you go to the cayman islands and cash out the crypto that you don't have. and this is only worst case scenario, more than likely they won't do shit cause its too many people and theres too many ways to be anonymous and use decentralized exchanges
>comparing owning crypto coins to terrorist bombs
You just went full reddit
>USD crashes so people start cashing out
>2018
>being on centralized exchanges
>larping about being a centralized exchange jewish owner
not going to make it
>larping as an african
wtf happened to this board
what happens if you lose your private key or hardware wallet or wrote it down wrong or someone stole it?
absolutely nothing, which is the point of crypto as OP was saying.
SEC = Sucking Excessive Cock
kek'd hard
Well played OP, wp indeed.
You are officially invited to discord.me/biz
Dunno why anyone cares. I couldn't give a fuck what they have to say. They only have power if people bend over to them. I'd also be cool with more anonymous dev teams if it helps. I can do my own research without needing to see a LinkedIn page.