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Bitcoin blow as fund drops U.S. exchange application

reuters.com

71–77 of 77 posts

Re: Bitcoin blow as fund drops U.S. exchange application

#71
post #54

Earlier quoted context omitted.

well if crowdfunding can get OK'd ..... why not crypto? https://www.sec.gov/news/pressrelease/2015-249.html

Crowdfunding was OK'd by Congress in the financial reform bill of 2010 and the JOBS act of 2012, it took the SEC 3 additional years of dragging their feet to be forced to be "okay" with it, and the SEC introduced many compromises which makes crowdfunding under those regulations to be dead-on-arrival with the 1 million usd limit and similar costs as other kinds of fund raising. Despite that, understand that crypto enj…

Establishing giants in the bitcoinosphere, effectively?

Re: Bitcoin blow as fund drops U.S. exchange application

#72
post #66
post #50

Earlier quoted context omitted.

They cannot. Once the transaction becomes part of the blockchain, its replicated to each and every node in the world (we are talking about thousands) that span the length and breadth of the planet. Thus, its practically impossible.

I think large states definitely have the resources to launch 51% attacks

But large states cannot do it in a legit manner as they have to follow some constitutional rights of their citizens. Most constitutions of these countries have enough freedom rights paved into them to avoid such blatant action by the government. Besides, the backlash in the media would be unbelievable, the party that does this kind of thing may not find many voters in the next election due to the negative press (at least in technologically advanced nations like USA and Sweden where people are generally aware of online rights).

Re: Bitcoin blow as fund drops U.S. exchange application

#73
post #72
post #66

Earlier quoted context omitted.

I think large states definitely have the resources to launch 51% attacks

But large states cannot do it in a legit manner as they have to follow some constitutional rights of their citizens. Most constitutions of these countries have enough freedom rights paved into them to avoid such blatant action by the government. Besides, the backlash in the media would be unbelievable, the party that does this kind of thing may not find many voters in the next election due to the negative press (at l…

Where you live sounds very nice.

Re: Bitcoin blow as fund drops U.S. exchange application

#74
post #71

Earlier quoted context omitted.

Crowdfunding was OK'd by Congress in the financial reform bill of 2010 and the JOBS act of 2012, it took the SEC 3 additional years of dragging their feet to be forced to be "okay" with it, and the SEC introduced many compromises which makes crowdfunding under those regulations to be dead-on-arrival with the 1 million usd limit and similar costs as other kinds of fund raising. Despite that, understand that crypto enj…

Establishing giants in the bitcoinosphere, effectively?

yes, they've brought this on themselves. there is a vast conscience of ideas and an even vaster risk taking public, that has been shut out of the markets for reasons such as lacking pedigree or preexisting wealth.

Re: Bitcoin blow as fund drops U.S. exchange application

#75
post #72
post #66

Earlier quoted context omitted.

I think large states definitely have the resources to launch 51% attacks

But large states cannot do it in a legit manner as they have to follow some constitutional rights of their citizens. Most constitutions of these countries have enough freedom rights paved into them to avoid such blatant action by the government. Besides, the backlash in the media would be unbelievable, the party that does this kind of thing may not find many voters in the next election due to the negative press (at l…

Which US constitution clause would prohibit the US government from launching a 51% attack?

Re: Bitcoin blow as fund drops U.S. exchange application

#76
post #75
post #72

Earlier quoted context omitted.

But large states cannot do it in a legit manner as they have to follow some constitutional rights of their citizens. Most constitutions of these countries have enough freedom rights paved into them to avoid such blatant action by the government. Besides, the backlash in the media would be unbelievable, the party that does this kind of thing may not find many voters in the next election due to the negative press (at l…

Which US constitution clause would prohibit the US government from launching a 51% attack?

The fourth amendment?

Re: Bitcoin blow as fund drops U.S. exchange application

#77
post #67

Earlier quoted context omitted.

a few people have been called crazy for pointing out bubbles... prematurely. it does not change the fact that its still a bubble. as i said getting the timing right is pretty much impossible. time and market will be the ultimate judge ;)

Do you think that the entire space "is a bubble" as in, "cryptocurrency itself will go away one day." Or did you mean "is in a bubble" as in, "the price will drop significantly someday."

cryptocurrency clearly has utility. it may stay as it is or most likely undergo some changes and stay in a different format. The issue is valuation - yes, it is bubble IMHO thats going to pop. Timing of that "pop" is a million dollar question.
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