Over six years spent in Proof of Work and Proof of Stake. The 38th cryptocurrency created based on Bitcoin. Not a security. Traded on FreiExchange
#RIPtopia
To clarify: BottleCaps - Genesis block 6/23/2013. PoW/PoS & Traded since 7/4/2013
BottleCaps cash - never listed, never traded, PoS fork with 'manually edited' address list to favor the forker; found here:
https://t.co/QaFah1dh4N
1. Premines are unethical and pervert the incentives of the most influential network participants.
2. Baiting retail with unsustainable yields & not disclosing the risks is unethical.
3. VCs who invest in tokens, market the hell out of them & dump on retail are unethical.
People are very strange these days
I knew this one blokhain it was validating with over 15 guys
One of them found out about it
Ended up on life support on a 3r tier exhange on Guerrero St.
Innovative technologies, like Proof-of-Stake protocols, can be transformative, but also carry risks that must be carefully evaluated. Our CFO Edward McGee explains some of the potential benefits and risks of #staking within our products: https://t.co/Soyjdeg3ss
The SEC
They benchmark protocols with "The Howey Test".
The Howey Test determines what qualifies as an "investment contract" and would therefore be subject to U.S. securities laws.
A security being loosely defined as a tradable financial asset.
Examples are stocks and bonds.