Post: #1776

(02-25-2018 11:51 PM)SamuelBRoberts Wrote:  What do you mean?

There were no posts in this thread from 02/01/18 until yesterday, when I posted that. There isn't much chatter around Ethereum here.

I enjoy that. Just like how I enjoy when there isn't chatter around a company I have taken a minority interest in (i.e. bought shares of their publicly traded stock). A company that, after my due diligence into, I believe is trading at a compelling price relative to it's value, people are silent about - no hype, no irrational exuberance.

The Ethereum community seems to be a crypto community that isn't one for hype, or irrational exuberance.

Doesn't hurt that YTD Ethereum is up while BTC & XRP(the scam of cryptos) are down.

Post: #1777

BTC is not down in any way YTD... it was about a 1000$ a year ago. Don't spread bullshit.

Post: #1778

(02-26-2018 10:06 AM)rottenapple Wrote:  BTC is not down in any way YTD... it was about a 1000$ a year ago. Don't spread bullshit.

1-yr isn’t the same as Year-To-Date.

Post: #1779

It's gone quiet over here because the mood around Eth is much worse than only two weeks ago. Maybe the price dropped due to excitement around BTC and LTC and worries over ICO regulations, or maybe it dropped for no reason at all. However maybe it will rise back to what it was soon.

Post: #1780

(02-26-2018 12:27 PM)HighSpeed_LowDrag Wrote:  

(02-26-2018 10:06 AM)rottenapple Wrote:  BTC is not down in any way YTD... it was about a 1000$ a year ago. Don't spread bullshit.

1-yr isn’t the same as Year-To-Date.

No matter what asset you are analyzing, you should attempt to be fair to yourself in terms of selecting the time frame, and be sure that you are not reading something out of context. Whenever these assets are transitioning within a correction, whether it is going to be a short term consolidation or a longer term consolidation, it can take a long time to play out - for example whether guys think that a "flippening" is realistic and if they want to place some money for or against such an event.

Year to date would be a very short time period to make any kind of meaningful assessment concerning long term plays, yet I suppose you can gather some information for short term plays for what has happened in that time frame, as long you also have some appreciation for the context regarding how each of the compare/contrast assets had gotten to that point in the first place.

Regarding Ethereum, there has been quite a bit of hubbub recently regarding a potential hardfork around proof of stake, which may cause some concerns about it's short term price direction. We already know that if contentious issues linger they can hold DOWN the price, but if they get resolved favorably, those outcomes can be bullish for price.

Post: #1781

(02-26-2018 10:06 AM)rottenapple Wrote:  BTC is not down in any way YTD... it was about a 1000$ a year ago. Don't spread bullshit.

YTD means "since the start of the year".

Post: #1782

(02-26-2018 02:07 PM)SamuelBRoberts Wrote:  

(02-26-2018 10:06 AM)rottenapple Wrote:  BTC is not down in any way YTD... it was about a 1000$ a year ago. Don't spread bullshit.

YTD means "since the start of the year".

Thanks I indeed misunderstood that concept. In crypto terms, 2 months and a half is not really a strong reference though. You can just choose whatever time frame fits your point then. I can say week to date Bitcoin is outperforming Ethereum as well, would that have any value? Not much.

Post: #1783

For those wondering if ICOs pose a similar threat to ETH as what we're seeing with BTC...

About 3% or so of the ETH supply is held by ICOs assuming this number is accurate. I'm not sure if that number is high or low, honestly.

Post: #1784

It would only be a lot if they all liquidated on the same day, which is highly unlikely.

Post: #1785

Yeah, I'm kind of hard pressed to interpret that number. It could create a cascade effect in theory, where ICOs all rush to cash out as ETH drops in value... But ETH has dropped a lot before and it hasn't happened.

Here's a potential scenario to think about:
1.) SEC starts shutting down ETH based ICOs as unregistered securities and demands that tokenholders be repaid.
2.) These ICOs need to liquidate ETH to repay, so they rush to cash out ETH.
3.) Cascade effect destroys the ETH price.

The SEC isn't that dumb, probably, so I don't see that as a likely scenario.
But it's something to keep in the back of your mind if you're holding ETH. Just keep an eye on what the SEC is doing.

Post: #1786

(03-09-2018 07:29 PM)Gas Wrote:  It would only be a lot if they all liquidated on the same day, which is highly unlikely.

This all assumes icos can only exchange for fiat. The people who are most knowledgeable about crypto are often the most willing to accept payment in eth. Exchanges, blockchain engineers and the like.

Post: #1787

Don't most ICO's exclude American investors anyway?

How does the SEC tell companies outside their jurisdiction what to do?

Post: #1788

(03-10-2018 03:22 AM)[email protected] Wrote:  Don't most ICO's exclude American investors anyway?

How does the SEC tell companies outside their jurisdiction what to do?

If your product is on say, Binance, or Bittrex, or any other exchange that doesn't explicitly ban US investors, it's a product that's available to US investors and thus under the jurisdiction of the SEC. Their jurisdiction extends past the ICO phase. Also, many major ICOs (Tezos, for instance, or Civic) didn't have the US ban because that was something that came in place around.. July or August of last year.

Post: #1789

(03-10-2018 03:22 AM)[email protected] Wrote:  Don't most ICO's exclude American investors anyway?

How does the SEC tell companies outside their jurisdiction what to do?

Capital markets in the Unites States are in most part governed by the Truth in Securities Act of 1933 and the Securities Exchange Act of 1934. The 1933 act deals mainly with IPOs and the 1934 act with continuing mandatory financial reporting.

You fall under SEC jurisdiction if you try to obtain funding or trade your securities in US based capital markets. For example, Binance, Kucoin, Bithumb are not US-based capital markets and don't fall under SEC's jurisdiction whereas Coinbase, GDAX, Poloniex and others do. Any token/security listed on those exchanges is susceptible to SEC regulation. However, there are several rules in those laws that can exempt those companies/issuers from SEC requirements.

Regulation A: "It is an exemption from registration for public offerings. Regulation A has two offering tiers: Tier 1, for offerings of up to $20 million in a 12-month period; and Tier 2, for offerings of up to $50 million in a 12-month period. For offerings of up to $20 million, companies can elect to proceed under the requirements for either Tier 1 or Tier 2.

There are certain basic requirements applicable to both Tier 1 and Tier 2 offerings, including company eligibility requirements, bad actor disqualification provisions, disclosure, and other matters. Additional requirements apply to Tier 2 offerings, including limitations on the amount of money a non-accredited investor may invest in a Tier 2 offering, requirements for audited financial statements and the filing of ongoing reports. Issuers in Tier 2 offerings are not required to register or qualify their offerings with state securities regulators."

As you can see, most ICOs fall under this regulation cause their hardcaps rarely exceed 50 million USD.

Rule 504 of Regulation D: "Rule 504 of Regulation D provides an exemption from the registration requirements of the federal securities laws for some companies when they offer and sell up to $5,000,000 of their securities in any 12-month period. Except in limited circumstances, purchasers of securities offered pursuant to Rule 504 receive "restricted" securities, meaning that the securities cannot be sold for at least six months or a year without registering them.

Companies that comply with the requirements of Rule 504 do not have to register their offering of securities with the SEC, but they must file what is known as a "Form D" electronically with the SEC after they first sell their securities. Form D is a brief notice that includes the names and addresses of the company’s promoters, executive officers and directors, and some details about the offering, but contains little other information about the company."

Rule 506 of Regulation D: "Rule 506 of Regulation D provides two distinct exemptions from registration for companies when they offer and sell securities. Companies relying on the Rule 506 exemptions can raise an unlimited amount of money.

Under Rule 506(b), a “safe harbor” under Section 4(a)(2) of the Securities Act, a company can be assured it is within the Section 4(a)(2) exemption by satisfying certain requirements, including the following:

The company cannot use general solicitation or advertising to market the securities.
The company may sell its securities to an unlimited number of "accredited investors" and up to 35 other purchasers. All non-accredited investors, either alone or with a purchaser representative, must be sophisticated—that is, they must have sufficient knowledge and experience in financial and business matters to make them capable of evaluating the merits and risks of the prospective investment.
Companies must decide what information to give to accredited investors, so long as it does not violate the antifraud prohibitions of the federal securities laws. This means that any information a company provides to investors must be free from false or misleading statements. Similarly, a company should not exclude any information if the omission makes what is provided to investors false or misleading. Companies must give non-accredited investors disclosure documents that are generally the same as those used in Regulation A or registered offerings, including financial statements, which in some cases may need to be certified or audited by an accountant. If a company provides information to accredited investors, it must make this information available to non-accredited investors as well.
The company must be available to answer questions by prospective purchasers.
Under Rule 506©, a company can broadly solicit and generally advertise the offering and still be deemed to be in compliance with the exemption’s requirements if:

The investors in the offering are all accredited investors; and
The company takes reasonable steps to verify that the investors are accredited investors, which could include reviewing documentation, such as W-2s, tax returns, bank and brokerage statements, credit reports and the like.
Purchasers of securities offered pursuant to Rule 506 receive "restricted" securities, meaning that the securities cannot be sold for at least six months or a year without registering them.

Any ICO can use Rule 506 if they restrict their sale to accredited investors aka as rich people.

Rule 10b-5 or Antifraud Rule: "It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails or of any facility of any national securities exchange,
(a) To employ any device, scheme, or artifice to defraud,
(b) To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, or
© To engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person,
in connection with the purchase or sale of any security.

This is a very broad rule and is used by SEC to prosecute all illegal acts.

Reporting Requirements: Any company listed on a national exchange or companies with total assets greater than $10 million and a class of equity securities held by 2,000 or more persons, or 500 or more persons who are not accredited investors, must register those securities with the SEC under Section 12(g) of the Exchange Act, that is provide periodic financial reports.

Post: #1790

A real good intro to RocketPool, which will allow people to stake with a minimum of 0.1ETH.

https://medium.com/ddcfund/rocket-pool-r...01cbea9c5d

Post: #1791

It's always funny to read these articles that treat coins like real companies and think valuation comes from things like "These guys smart contracts are open source and their team has more dev experience than the competition!" (Particularly by a guy who lists forkdelta and EtherDelta as different exchanges.)
This coin's been listed on EtherDelta since september and still isn't on CMC, which isn't very encouraging.

As for the protocol itself, in terms of ETH staking, I think you're going to see so many different staking solutions out there that you won't believe it.

Post: #1792

Ethereum is getting slaughtered without any particular rationale behind. My only guess is that those fucking sellers are people being able in the past to get tons of money from ICOs investors and who are now liquidating. Since I have been following ETH, I have never seen a movement like the one we are having today, neither in the opposite way.

Post: #1793

taken from https://cryptonewsmonitor.com/

We are in the FEAR and CAPITULATION zone will come next.
The total coin market has reached a lower low, compared to the Frebruary crash. That means this resistance point has been broken in the total market.

Post: #1794

Everyone is holding their breath until G20 central bankers meeting in Buenos Aires is over on March 20 where they will discuss how to clamp down on cryptos. Depending on news from the summit, ETH can drop to double digits real quick. These ICO scammers are dumping their ETH holdings cause they know regulatory agencies will drag them into courts after the summit. In the long term, this is good for mainstream adoption but for the next several months or even year don't expect anything but chaos.

On the other hand, less ICOs mean more money for the rest of the established projects. It's time to clear the market from Ripples and Trons.

Post: #1795

Wow every word of that post is wrong.

EDIT: I suppose I should write something down for this as opposed to just saying "It's wrong".

1.) Nobody's talking about the G20 summit. No one expects anything to happen any more than anything happened when the CTFC/SEC did all their meetings last month.
2.) Nothing at the summit will cause a 80-90% drop in the price of ETH.
3.) No ICOs expect to be dragged into court after the summit, because that's handled at a national level. The SEC is already cracking down on a bunch of ICOs, not waiting for guidance from the G20 summit.
4.) The ICOs are dumping their eTH because the price is dumping, not because of the summit. (EOS dumped 50k ETH, I heard.)
5.) A drop from 1.5k to "double digits", I.E. a loss of something like 90 to 95%, would be horrific for mainstream adoption.
6.) Less ICOs means less money for the rest of the established projects because it means less money coming into the space.
7.) No matter what happens to ETH, XRP will survive because it's a project with a lot of corporate and banking backing being used by major corporations. It's not going anywhere.

So yeah, completely and utterly wrong.

Post: #1796

(03-18-2018 02:36 PM)SamuelBRoberts Wrote:  Wow every word of that post is wrong.

EDIT: I suppose I should write something down for this as opposed to just saying "It's wrong".

1.) Nobody's talking about the G20 summit. No one expects anything to happen any more than anything happened when the CTFC/SEC did all their meetings last month.
2.) Nothing at the summit will cause a 80-90% drop in the price of ETH.
3.) No ICOs expect to be dragged into court after the summit, because that's handled at a national level. The SEC is already cracking down on a bunch of ICOs, not waiting for guidance from the G20 summit.
4.) The ICOs are dumping their eTH because the price is dumping, not because of the summit. (EOS dumped 50k ETH, I heard.)
5.) A drop from 1.5k to "double digits", I.E. a loss of something like 90 to 95%, would be horrific for mainstream adoption.
6.) Less ICOs means less money for the rest of the established projects because it means less money coming into the space.
7.) No matter what happens to ETH, XRP will survive because it's a project with a lot of corporate and banking backing being used by major corporations. It's not going anywhere.

So yeah, completely and utterly wrong.

1) https://www.thetimes.co.uk/article/g20-l...-nd570d7fr

If you are not paying attention, that does not mean that nobody is talking. Everyone expects signals from this summit cause national regulatory agencies, such as SEC, cannot regulate this worldwide market without the cooperation of foreign regulatory agencies.

2) Nothing before the summit even started caused the ETH price drop 50% in the last two weeks and 67% from its all time high. So another 80% is quite possible.

3)https://www.coindesk.com/sec-official-sa...ting-icos/

Dozens of SEC investigations are already underway and if financial leaders decide to tighten the bolts, hundreds more will follow.

4) ICOs are dumping cause they may be forced to return proceeds to ICO participants. And Vitalik's pessimism about his own creation doesn't give any assurances as well.

5) Last time I looked at ETH price, it was $450. And it never reached $1,420. Don't make false claims unless you work for CNN.

6) Less money for new projects means more money for established projects. More items on restaurants menu doesn't translate into higher revenues.

7) Lehman Brothers collapsed and you are telling me that a shitcoin like Ripple can't collapse. Give me a break.

So yeah, another condescending and empty post by you.

Post: #1797

What would it mean for XRP to "collapse"? The company going out of business.
But the company is, as far as I know, immensely profitable and not dependent on token price at all. It gets its revenues from its corporate deals, which seem to be going well. Total marketcap could go to sub 100 billion and XRP would still be there, chugging along.
Ripple's company might collapse at some point, but it won't be due to a failure of the coin value.

As for the rest of your post, you simultaneously say that ICOs are dumping because the SEC might make them give back the money, and that the SEC can't regulate ICOs without a global framework in place, an announcement that you expect to come out of the G20.

ETH might go to two digits, but if it does, this random summit will have nothing to do with it.

Post: #1798

(03-18-2018 04:25 PM)SamuelBRoberts Wrote:  What would it mean for XRP to "collapse"? The company going out of business.
But the company is, as far as I know, immensely profitable and not dependent on token price at all. It gets its revenues from its corporate deals, which seem to be going well. Total marketcap could go to sub 100 billion and XRP would still be there, chugging along.
Ripple's company might collapse at some point, but it won't be due to a failure of the coin value.

As for the rest of your post, you simultaneously say that ICOs are dumping because the SEC might make them give back the money, and that the SEC can't regulate ICOs without a global framework in place, an announcement that you expect to come out of the G20.

ETH might go to two digits, but if it does, this random summit will have nothing to do with it.

I need to disclose that I am a CPA and know regulatory framework quite well. You can't know whether Ripple is profitable or not cause it is not a public issuer and is not required to report the results of its operations unless you have some insider info. Ripple is a business solution, nothing more and nothing less. As of now, Ripple is one of the most famous shitcoins and the collapse of value will tarnish its brand and major investors, such as Google Ventures, don't won't to associate with such brands.

As for the second part, right now there is no unified regulatory framework for cryptoassets and SEC can't prosecute someone based in Hong Kong or Singapore. However, this framework can be created in no time based on the established regulations of security markets. People are dumping cause when SEC subpoenas them they won't have any assets on hand to be confiscated. Regulations can't be applied retroactively.

Look at how quickly FaceBook, Google, and as of today Twitter are pulling out ads for ICOs. You can't advertise/promote IPOs to non-accredited investors in most of cases even after you file an application with SEC which 99.9% of ICOs failed to do.

Post: #1799

We are good for now. Those banksters at G20 decided to leave us alone cause we are too small to spend time on, only 1% of world GDP at ATH prices in mid December.

Quote:The Financial Stability Board (FSB), which coordinates financial regulation for the Group of 20 Economies, also resisted calls from some G20 members to regulate cryptocurrencies like bitcoin.

Interest in cryptocurrencies surged last year as prices rocketed only to tumble in recent months, triggering warnings from regulators.

But in a sign of too little consensus for radical action, the FSB said more international coordination was needed to plug data gaps in monitoring the rapidly evolving but still tiny sector worth less than 1 percent of global GDP at its peak.

“The FSB’s initial assessment is that crypto-assets do not pose risks to global financial stability at this time,” FSB Chair Mark Carney said in a letter to G20 central bankers and finance ministers who will meet in Buenos Aires on Monday and Tuesday.

https://www.reuters.com/article/us-g20-r...SKBN1GU0SF

BTC price jumped by $1k after this announcement in a less than 5 minutes. Expect rallies.

Post: #1800

(03-16-2018 04:49 PM)SamuelBRoberts Wrote:  It's always funny to read these articles that treat coins like real companies and think valuation comes from things like "These guys smart contracts are open source and their team has more dev experience than the competition!" (Particularly by a guy who lists forkdelta and EtherDelta as different exchanges.)
This coin's been listed on EtherDelta since september and still isn't on CMC, which isn't very encouraging.

As for the protocol itself, in terms of ETH staking, I think you're going to see so many different staking solutions out there that you won't believe it.

I don't particularly care much for RocketPool's valuation or their coin - simply thought RocketPool was an interesting project that some members here might be interesting in for staking purposes.

But I agree, I imagine there will be other stake pool opportunities. Like I mentioned earlier, Coinbase would be foolish not to get in on it - make it super user friendly, and skim a bit off the top as fees.