https://www.c-span.org/video/?44287...d-sherman-d-ca-discusses-russia-investigation
Talks about the "con" known as bitcoin. starts at 24:02
Talks about the "con" known as bitcoin. starts at 24:02
Official BGOL Crypto Currency Thread ★★★★★
- Thread starter Matt Beesy
- Start date
I've never heard anyone tout that cryptocurrency is a way to avoid taxes or launder money.
That's because it's not. Most coins have a public ledger and it's realistically a horrible way to hide money. All BTC transactions are PUBLIC!!! It doesn't matter if there's name attached to it, once you convert to FIAT, it's traceable. More FUD from governments who allow billions to get laundered in their currency every year. I'm watching that Dirty Money documentary series on Netflix and that shit that HSBC got away with for laundering the cartel's money is unbelieveable. These dickheads try to bring up Silk Road as if that's the preemanent use of BTC, meanwhile it was a fraction of business conducted with BTC and again, they got busted because the ledge is PUBLIC!!!
Exactly. They already outed who donates to this guy. Just like most of these cryptos are public and traceable, so are these crooked politicians. Fuck them.
Yea you would think that the government would want something like this to happen since it is so public.
I participated in an ICO and out of curiosity I started checking who was sending to send same address.
Only thing missing was names but like you said, once you convert to FIAT they know who you are.
I'm going to check out that netflix series.
https://thenextweb.com/hardfork/2018/03/20/ledger-nano-s-hack-cryptocurrency/
Check them ledger nanos
Check them ledger nanos
shit hit binance today...the token itself is called wancoin...took these muthafuckas long enough...it’s @ roughly $4.87 ...keep your eye on it tho...it just might dip to $3.50 given the current market climate
found out about it a few hours after the ICO ended but it wouldn’t have made a difference anyway...US participants weren’t allowed
yeah dude was paid..... but fuck it i'm ready for a bull run
that shit was horrible.
I can't with them no more. Fucking mainnet token is basically worthless. Apparently, they only update people through fucking discord.
It's ICOs like this that give crypto a bad fucking name.Had these assclowns went with an erc-20 token, at least it would have value.
I never moved over to the mainnetI can't with them no more. Fucking mainnet token is basically worthless. Apparently, they only update people through fucking discord.
Had these assclowns went with an erc-20 token, at least it would have value.
I kept my tokens on their site. They automatically mainnet now.
ok that’s right...I do recall ppl complaining about them being locked up...is it temporary or does wagerr really intend for them not to be sold?
Has anyone come up with a realistic solution for US citizens being able to participate in an ICO that excludes us?
Incorporating overseas is a bit pricey but it might be the move.
Incorporating overseas is a bit pricey but it might be the move.
Sadly, for the average joe, immigrants or relatives. And if you are thinking of ICOs, you might want to avoid American companies who aren't setting up shop overseas. The smart companies are launching overseas to avoid this domineering bullshit.
Remember the last bullrun when Wagerr was damn near $1. They locked them up then claiming it was for security.Once shit tanked, they unlocked them.
Live and learn.
wow smmfh
Remember the last bullrun when Wagerr was damn near $1. They locked them up then claiming it was for security.
Live and learn.
What kind of shady bullshit is that..
I aint fuck wit wager but Im still rooting fo ysll
Kniggas to cash out lovely. . .
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So what's you guys consensus on Wagerr? Do you guys think it will rebound and/or do good or not?
Only thing to we can do is wait for H2H to drop or for WGR to hit a real exchange. At this point I’m
hoping they release testnet for H2H before it hits exchanges. A lot people want out at this point, so hitting an exchange, I think wouldn’t do it much favors right now. They need to release some kind of update on H2H betting. A video, pic, something.
I’m tempering my expectations until may/june which has kinda always been the case...that being said I thought the market would’ve been doing a little bit better than it has been these last two months...wasn’t expecting a bull run so early but I thought it would’ve recovered and be hovering @ $500-600 billion
Yeah, if this hits an exchange where people can dump, they will. Team can't even be bothered to tweet to inspire confidence.
They said H2H late quarter 1. It's late March and fucking crickets.
2017 was a banner year for ICOs and cryptocurrency tokens. Unfortunately, many of these ICOs raised capital as utility tokens, with no adherence to United States security laws.
This bad behavior has led to an array of SEC subpeonas and enforcement actions. The strong regulatory response is being encouraged by good actors and should cause a drastic slowdown in the number of ICOs for 2018 and beyond.
Entrepreneurs still need to raise capital though. Rather than abandon token-based fundraising, there will be a seismic shift to what many refer to as “Security Token Offerings.” These security tokens are merely token offerings conducted in a regulatory compliant way.
While this perspective has elements of truth to it, I will take the rest of this piece to suggest a different framework. A framework that clearly describes what is happening, while attempting to put this shift in historical context. My hope is that this can serve as a guiding light for individuals across the crypto and financial communities.
Investments on the Blockchain
Simply, a security is a tradable financial asset. These securities were previously presented in a physical paper certificate that represented ownership in an asset. When an asset owner wanted to sell their ownership stake, they traded the physical certificate for currency with another entity or individual.
Obviously this Analog Age of Securities sounds archaic and inefficient. Over the years different individuals and organizations have attempted to bring securities, and the subsequent trading of securities, into the digital world.
It wasn’t until the late 1980s and early 1990s that electronic certificates and trading began to be used in a material way. This new process removed the need for stock brokers to stand on the trading floor and yell bids & asks at each other. It made the financial system more efficient. It increased the number of people who could participate. And it ultimately removed a select group of middlemen from the process.
This switch from paper security certificates to electronic security certificates was previously referenced as a digital shift. I disagree.
The digital world as we know it today, both the infrastructure and applications, was not available yet. Rather than call the period from ~1990 to now a digital period, I refer to it as the Electronic Age of Securities.
The Electronic Age has captured the minds of Wall Street and brought many benefits. Almost every security is currently held in electronic form and transacted on an electronic system. Majority of security holders never touch a physical paper certificate. The financial system looks more modern than ever before.
Technology waits on no one though. As Wall Street firms took the last 20–30 years to adapt to the Electronic Age, technology has continued to improve at an exponential rate. The most valuable advancement comes in the form of blockchain, a distributed digital ledger that empowers decentralized peer-to-peer transactions in a publicly transparent way.
As in previous decades, the advent of new technology brings a new age of securities and trading. Blockchain is the foundation for the Digital Age of Securities.
This Digital Age removes more middlemen, creates more efficiencies, and increases the amount of people who can participate. At the heart of this technological shift are two components: digital shares (Security Tokens) and decentralized exchanges.
Security Tokens are true digital shares that allow for fractional ownership, instantaneous transaction settlement, and regulatory compliant ownership. Previously, if a single share of Apple was trading at $100, an individual could not own the share if they only had $50. Today, digital shares would allow that individual to own 0.5 Apple shares (fractional ownership). The purchase of that Apple equity share would be executed near-instantaneously on the blockchain, if and only if, the buyer and seller were both within the regulatory guidelines for transacting that security. This regulatory compliance check is also done near-instantaneously with blockchain protocols.
If the ownership and trading of these new digital shares looks different, we also need new platforms to empower and service these transactions. Enter a decentralized exchange (DEX).
Decentralized exchanges are a new technology that allow users on a distributed ledger to transact with each other, in a regulatory compliant manner, without reliance on a centralized authority (single point of failure). These exchanges take the power and responsibility out of the hands of brokerages & investment banks, and place it back in the hands of the individual buyers and sellers.
By removing the middleman in a trade, DEXs create a more efficient financial system, while decreasing the costs of transacting. Additionally, without the need for a single authority to support and approve each transaction, more individuals are able to transact with each other — a true democratization of access to the global financial system.
The financial system will look very different when we have digital shares and decentralized exchanges. Individuals will not be subjected to “Hours of Operations” from centralized authorities & markets. They will not be subjected to archaic technology or legacy inefficiencies. They will be given their time back. They will be given their freedom back.
This transformation from the Electronic Age to the Digital Age won’t happen over night. It will take 10–20 years until the majority of financial securities are transacted on the blockchain. When it happens, individuals will finally be empowered to transact when they want, with who they want, in a fully regulatory compliant way.
A new era is upon us. The freedom it brings will disrupt old models and make way for new ones. It will ultimately lead to the largest shift of wealth in our lifetime.
Security Tokens are merely digital shares. Decentralized exchanges are better conduits of financial transactions.
Welcome to the Digital Age of Securities.
Supposedly a roadmap update is coming by the end of the month. Saw something about that on their Telegram.Yeah, if this hits an exchange where people can dump, they will. Team can't even be bothered to tweet to inspire confidence.
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