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Official BGOL Crypto Currency Thread ★★★★★

largebillsonlyplease said:
We grandfathered in
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ya I'd really like to think so...I think/hope this is more of a warning shot @ upcoming ICOs...if the SEC goes retroactive on this then that means they're on a warpath and really looking to fuck shit up and I don't think they're prepared to go there as yet
 
LSN said:
the DAO was found to be a security for these 3 reasons...as usual when I post in here its more so for myself as I can write down ideas and think out loud and refer back to them if need be...but here are the 3 reasons in line w/ the 3 questions that make up the howey test...I thought it was the 3rd question that is subject to interpretation but it is the 2nd question...

Investors in The DAO Invested Money - they determined the answer is 'yes' bcuz an ICO took place in which $$$ via cryptocurrency is paid directly to the company to purchase tokens

With a Reasonable Expectation of Profit - they determined the answer is 'yes' bcuz token holders could vote on certain issues and receive incentives for doing so which could also lead to the increased value of the token..."thus, a reasonable investor would have been motivated, at least in part, by the prospect of profits"

^^^ this is the part that has me concerned...I know companies like RISE and SHIFT allowed coin/token holders to vote on issues based on the number of coins/tokens they had and they'd be rewarded w/ more coins/tokens for voting...so my concern is are "voting rights" the only criterion the SEC is using to determine what qualifies as a "reasonable expectation of profit"...and this is the question I'm worried is open to loose interpretation...maybe I'm just overthinking tho

Derived from the Managerial Efforts of Others - they determined the answer is 'yes' bcuz the teams chart the course/lead the direction of the projects via commits roadmaps slack group etc and they present themselves to be experts in the field...the SEC takes into account that some cryptocurrencies allow coin/token holders to vote on issues but the effects of those votes are limited...in other words the project team runs the show
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Thanks for looking that up. I feel they were pressed to do so because Some large funds were expected go to ico's. We can throw $$ at ico's and lose thousands or more. Hedge funds and private equity throws $$ and lose by the millions. Almost like Adam Silver trying to save the owners from their own dam selves.
 
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LSN said:
ya I'd really like to think so...I think/hope this is more of a warning shot @ upcoming ICOs...if the SEC goes retroactive on this then that means they're on a warpath and really looking to fuck shit up and I don't think they're prepared to go there as yet
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It'd be tough to do.
My ans isn't even on an American exchange tho its on the exchange that gives me my antcoins
As for other ones I'll see what bittrex does and also might move to other exchanges and sell for btc and as far as anyone will ever know is that I have btc

If they outlaw btc then it'll just make btc worth 1m sooner cause ultimately that's all we're trying to do is exchange btc for usd and that's how all of my transactions will look to the government btc to usd
 
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LSN said:
here is the SEC report on the DAO...I'm gonna read it to see if they specify exactly what it was about the DAO/what they did that allowed the SEC to deem it a security...

https://www.sec.gov/litigation/investreport/34-81207.pdf
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Thanks for this when I get home imma take a look at this also.

Would you suggest this weekend stand pat or buy some alt coins as it's looking like some of the coins I've been waiting for are going to be at nice prices. ie waves, lsk etc etc
 
largebillsonlyplease said:
It'd be tough to do.
My ans isn't even on an American exchange tho its on the exchange that gives me my antcoins
As for other ones I'll see what bittrex does and also might move to other exchanges and sell for btc and as far as anyone will ever know is that I have btc

If they outlaw btc then it'll just make btc worth 1m sooner cause ultimately that's all we're trying to do is exchange btc for usd and that's how all of my transactions will look to the government btc to usd
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2 things I'm worried about tho...I can move coins to wallets that I own the keys to but let's say ANS gets delisted from US exchanges (and this is just pure speculation for those reading)...(1) where would I be able to exchange it for bitcoin being that I'm located in the US (2) I don't think the gov't is just looking @ BTC to USD when it comes time to pay taxes...I'm pretty sure from what I've read they want to see the altcoins your BTC was invested in as well
 
brickdome said:
Thanks for this when I get home imma take a look at this also.

Would you suggest this weekend stand pat or buy some alt coins as it's looking like some of the coins I've been waiting for are going to be at nice prices. ie waves, lsk etc etc
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I don't feel comfortable suggesting anything...what I plan on doing is similar to what you have in mind tho...if I see prices I like then I'm going in...the main coin I'm looking @ is waves...if it hits under $2 I'm going in...if not then I'm looking @ lisk which is under $2 to see if it goes a bit lower...and as a last resort I have my eye on komodo/ubiq if they can stay under $1 but I'd like to see it go a little bit lower than where they're @ now...I'm prepared to wait this out and see if prices can drop even lower come 8/1 but I'm not rushing to buy anything...one lesson I've learned is I don't make good decisions w/ this crypto shit when I feel compelled to rush or make a "now or never" decision...there's a possibility I might not buy anything @ all if I don't see prices I like
 
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LSN said:
2 things I'm worried about tho...I can move coins to wallets that I own the keys to but let's say ANS gets delisted from US exchanges (and this is just pure speculation for those reading)...(1) where would I be able to exchange it for bitcoin being that I'm located in the US (2) I don't think the gov't is just looking @ BTC to USD when it comes time to pay taxes...I'm pretty sure from what I've read they want to see the altcoins your BTC was invested in as well
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1 as long as those other exchanges allow us we're good and it'd be impossible for them to impose sanctions on those exchanges imo ico sure actual exchanges? Hell naw. They're trying to squeeze ppl out to go back into traditional markets so they can lose their houses to them instead of us.

2 it's either look at btc to usd or never get money because soon you'll be able to buy everything with btc that you can with usd and I won't pay shit because it's secure and there's no way to know or randomly prove how much I have had or how long I've had it. I could have an air gapped waller with 29k btc in it from 09 or I could have made 29k btc from the sell of ans ans humaniq
How would they know?

And again if they do that shit it'll backfire all that'll happen is the value of usd will drop compared to btc because why pay taxes on something when you actually don't need to
Shit we already bout to have those btc visa cards ....
 
Is anyone keeping bitcoin on Bitfinex or Kracken in hopes that they get the 1BTC equals 1BCC. So basically you get 1BCC for free. Anyone got that game plan?
 
modified said:
Thanks for looking that up. I feel they were pressed to do so because Some large funds were expected go to ico's. We can throw $$ at ico's and lose thousands or more. Hedge funds and private equity throws $$ and lose by the millions. Almost like Adam Silver trying to save the owners from their own dam selves.
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ya if the finding is altruistic in nature then I'm for future ICOs being regulated...but my cynicism won't allow me to believe this is for our good
 
daman200 said:
Is anyone keeping bitcoin on Bitfinex or Kracken in hopes that they get the 1BTC equals 1BCC. So basically you get 1BCC for free. Anyone got that game plan?
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I asked this also. Plus what about those of us who have BTC on a Ledger? How do we get our BCC?
 
daman200 said:
Is anyone keeping bitcoin on Bitfinex or Kracken in hopes that they get the 1BTC equals 1BCC. So basically you get 1BCC for free. Anyone got that game plan?
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kbanna said:
I asked this also. Plus what about those of us who have BTC on a Ledger? How do we get our BCC?
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i am keeping some btc offline in a ledger and some on kraken just to be sure i get the bcc or whatever the new forked coin is then i may sell it off but well see. i beleive if its held offlin on a trezor or ledger then you still get both coins based on what i have read so far bu i want to be a little liquid just in case i can scoop up some other coins.
i am still look hard a veritaseum. i now understand the concept of what this dude is saying and why its important that he has a patent on the work. its revolutionary for real if he can get t to take off. also im hoping wager will come through big time as i havent even moved them yet but we shall see.
 
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largebillsonlyplease said:
1 as long as those other exchanges allow us we're good and it'd be impossible for them to impose sanctions on those exchanges imo ico sure actual exchanges? Hell naw. They're trying to squeeze ppl out to go back into traditional markets so they can lose their houses to them instead of us.

2 it's either look at btc to usd or never get money because soon you'll be able to buy everything with btc that you can with usd and I won't pay shit because it's secure and there's no way to know or randomly prove how much I have had or how long I've had it. I could have an air gapped waller with 29k btc in it from 09 or I could have made 29k btc from the sell of ans ans humaniq
How would they know?

And again if they do that shit it'll backfire all that'll happen is the value of usd will drop compared to btc because why pay taxes on something when you actually don't need to
Shit we already bout to have those btc visa cards ....
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Here's the thing man. No one is going to fuck with U.S. customers. They'd be insane to put up with all this fuckery. It's not China running around arresting Russians and closing exchanges(BTC-E) not even in their own countries. Russia ain't doing that shit. It's just the U.S. bitching and crying about KYC/AML and demanding foreign entities comply with their draconian bullshit.

If you operated a foreign exchange, would you deal with Americans when you have the rest of the world to take money from? IMHO, any foreign entity dealing with us is fucking nuts. Why delist a token when you can just block U.S. citizens? You deal with U.S. citizens and these cocksuckers in the government have a secret indictment on you and come all the way to your country and arrest you in your own land. No thanks.

So we are about to be banned from doing a lot of shit, and I say we prepare accordingly. Because a lot of people are going to be surprised when they get the emails telling them to come get their shit off the exchange and their accounts are being closed. I'm not.

They going to force the game underground for Americans. :smh: I hope a shit ton of decentralized exchanges popup so Americans can do them and the government can play whack-a-mole like they do with piracy. Because having to rely on foreigners to move our shit gets risky because of all the scammers. Folks on the up-and-up will make a killing though.

This really makes me want to invest in foreign coins and teams more than ever. Let's get this money. :money:
 
LSN said:
WAVES >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

IOTA is potentially a force to reckon w/ as well
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More and more will popup(with more sophisticated features) as this fuckery continues. Folks already got to use Waves to make bets that they aren't legally able to make with a coin(wagerr) they aren't supposed to own. :eek:

Damn. This game is crazy man. Genies is out of the bottle.
 
gene cisco said:
More and more will popup(with more sophisticated features) as this fuckery continues. Folks already got to use Waves to make bets that they aren't legally able to make with a coin(wagerr) they aren't supposed to own. :eek:

Damn. This game is crazy man. Genies is out of the bottle.
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I see why ppl w/ $$$ are so "crooked"...you try to play it "fair" or by their rules only to get fucking screwed smmfh
 
HeathCliff said:
Not sure if it was mentioned earlier but WGR is now on Blockfolio
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giphy.gif
 
I think people are confusing BitConnect BCC, for Bitcoin Cash. BitConnect BCC just shot up to number 12 market cap out of nowhere..
 
HeathCliff said:
I found out about it last night on one of the many Wagerr sites. I thought I was late. Lol
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man I usually sync the app every now and then to see if they add it...haven't done it recently tho...what wagerr sites do you frequent?
 
Thanks for the update on block folio.
Trying to figure out the btc price to use as the purchase price or it doesn't matter?
 
p5ych3 said:
Thanks for the update on block folio.
Trying to figure out the btc price to use as the purchase price or it doesn't matter?
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0.000018532245 BTC if you only paid $0.05 for it :lol: I'm a true stickler for details

blockfolio will show it as being rounded off but it will show up as $0.05 on the dot if you enter that exact amount
 
LSN said:
0.000018532245 BTC if you only paid $0.05 for it :lol: I'm a true stickler for details

blockfolio will show it as being rounded off but it will show up as $0.05 on the dot if you enter that exact amount
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I bought 10k for .19btc on wagerr.com
 
LSN said:
I don't doubt that
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you ain't been in crypto that long if you think that. I will all go back up harder than it did back in the spring.

Also, yall need to grab you some DAS on NovaExchange. Cheap masternode coin only 10 cents we each buy 1000 DAS coins at 10 cents each we could pump the shit out of DAS like the dude "High on Coins" from youtube did with Chaincoin with the help of his viewers who he called the HODL group HOLD ON for DEAR LIFE. If we buy hard and HODL hard set our target at say $1.23 that's $1230 for ever one who bought in. We need to do this type of thing no BS we got numbers and bread whats good???? And we don't tell anybody outside of BGOL shit or they will dump and fuck it up. It's under $150 right now to get 1000 coins Decentralized and Security DAS and its only been out one month and total supply is mad low only 2,183,484 DAS coin ever to be made with only 1,422,374 DAS coins in circulation. BTW Chaincoin was 8 cents when "High on Coins" Started the HODL CHC movement so think about that. They peaked at 3.50!!!

Edit: My math was wrong on the ROI, if you buy say 1000 DAS as of 9am eastern it would cost $146 for 1000 coins. So in the example if we hit a $1.23 price point then that 1000 coins is worth $1230, not nowhere near my $10000 error but still a good returns! And its going up now.

https://coinmarketcap.com/currencies/das/#charts
https://bitcointalk.org/index.php?topic=1988059
 
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