/biz/ - Business & Finance

>>55225286
ICP IS NOT A SECURITY

Core
Paperwallet
Full stop

Sell my 3500 matic/polygon bag lads?

>>55225301
Translation?

>>55225286

Isn't it funny how they're going after the cryptos that offer real world applications?

What a coincidence.

>>55225294
ICP is just pure shit

>>55225345
Hot wallet on core
Cold wallet on paper
No shitcoins, they are worthless

Just flinging shit at the wall and hoping it sticks at this point.

>>55225286
>not ETH
cool let the rest of them burn

ICP was the only crpytocurrency sued by the SEC that did NOT EXPLICITLY lead investors to expect a profit, and therefore, ICP is NOT a security

>>55225416
Why is eth so shielded? Its obviously a security

>>55225494
Ethereum is sufficiently decentralized and the only smart contract platform that matters

What is a security?
Why does it matter if it is one or isn't?
Why are some securities and some aren't?
Simple words pls

>>55225542
>Lido keeps growing
By 2025 it is going to be 60%
Useless

>>55225622
I doubt it. Eventually multiple competitors will step up that offers better incentives and value than Lido.

>>55225379
>offer real world applications
Lol

>>55225542
If the SEC were consistent with what they have deemed a security, ethereum should be classified as a security as well. My guess is it won’t be because ethereum has institutions behind it

Is dash the only POW coin that is being considered a security? It didnt even have a premine. The only thing that I think could damn it is it has a CEO and 10% of block rewards go to governance proposals

>>55225286
>In the United States, a "security" is a tradable financial asset of any kind.
>The term "security" refers to a fungible, negotiable financial instrument that holds some type of monetary value.
How are all crypto shitcoins not securities? theyre all fungible assets traded on public platforms

>>55225750
Bitcoin is mineable, which makes it an asset you can acquire through "work".

Ethereum was minable, but switched to PoS. You can still acquire eth through "work" but you need eth in order to do this. You could argue this by saying it was a commodity before, which has precedent, but it will be interesting to see the SECs decision on eth. It won't be an easy fight on both sides.

just assume everything is a security except:

- bitcoin
- anything that was created early (pre-2016) that didn't have a premine, presale, set coins aside to go to a development fund as part of the protocol or outside the prototcol, and didn't make any changes to its inflation, issuance, or core protocol to benefit or serve the same group that created it.
- anything that has enough heft to fight the sec and win, and given ripple's relatively poor showing it looks like only ethereum might be able to fight and win.

if you're holding anything else you should already know the clock is ticking for you to sell and move to the next alt anyway.

>>55225748
in-protocol premines are still premines as with dash and zec. the whole "mastenode" thing probably didn't help them fly under the radar either.

>/pol/>>429816563

>>55225700
lido will just drop their rates causing a race to the bottom

the problem is that ethereum isn't decentralized enough to make anybody care about running their own nodes or solo staking. it's not like bitcoin as a grass roots decentralization-above-all mentality.
it's a lot easier to just buy a bunch of stEth and grab a large percentage of mev, than run a "decentralized" validator that still needs to connect to one single entity to collect a much smaller percentage of mev through the validator lottery.

until mev is fully burnt lido will dominate, with the best ethereum can hope for is a duopoly. it's simply too easy to stake, with the only buy-in being a fungible asset, vs the investment and incentive alignments in proof of work.

it was always going to end up more centralized than it was before the merge, but anybody that owns bitcoin and ethereum is happy for the diversification.

>>55225286
Land of the free

>>55225382
One of them had their heart explode after the vax or some shit

>>55225542
Smart contract platforms don't actually matter,

>>55225416
That’ll be $50 plus a $43 tip.
>the future of finance

>>55225494
ETH is not a securtity because even if it was pre sold, it was sold for BTC and at the time no nation considered BTC money, they still don't they consider it a commodity in some cases.

The coins after eth were sold for stablecoins aka usd, hence tend to fit the security definition.

>>55225748
DASH has masternodes that require staking 1000 dash to get rewards, it's a pow pos hybrid.

>>55225840
>ripples poor showing

Lol, lmao even. The hinman emails are the linchpin of every other crypto case now. They come out in a week, with a pending SJ due afterwards. In what universe is ripple not winning? The one where eth isn't about to get buttfucked for their ICO? have you heard the phrase, 'party admission'?

>>55226345
the linchpin being some internal emails is exactly why they have had such a poor showing.
if it was clear cut xrp wasn't a premined illegally sold security they wouldn't have to rely on bizarre narratives around things the sec did or didn't do.

at least ethereum has institutions backing it, nobody turned up to defend xrp, only those on the ripple bankroll.

>>55226345
the linchpin being some internal emails is exactly why they have had such a poor showing.
if it was clear cut xrp wasn't a premined illegally sold security they wouldn't have to rely on bizarre narratives around things the sec did or didn't do.

>In what universe is ripple not winning? The one where eth isn't about to get buttfucked for their ICO?
the only universe where ethereum gets buttfucked is the one where ripple loses. if they win they win for everything launched in a less shady way, which is at least half of all alts, ethereum included.

>>55226632
The judge in the Ripple case literally called the SEC a rogue agency.

>>55226707
and they likely are acting as one. so what? that doesn't mean ripple has a good case, it means despite having a poor showing the sec is still overstepping.

>>55226764
Look up what "Fair Notice" means.

>>55225560
Control.
If its a security, the owners have to bend the knee.

>>55225746
Clearly eth has the most big money friends behind it. At least out of the ones mentioned.

>>55225286
I've heard it's easy to register a security in the us

>>55226768
you're hung up on the sec's incompetence, which while significant only distracts from the fact that ripple has really nothing but that as a defense.

>>55226981
Ripple obtained legal advice from a top law firm which gave them advice to avoid the use of XRP qualifying as a security. The SEC's internal communications show it was unclear cryptocurrencies like XRP qualify as a security. Therefore, by law, XRP cannot be viewed as a security since the law requires that fair notice is given that a reasonable person, with knowledge of the law, would know that they are violating the law. If a top law firm concluded it wasn't a security, and the SEC itself didn't conclude it was a security (even at the launch of the lawsuit 2 of the 5 commissioners voted against this legal action), then by law, fair notice was not given to Ripple that they were violating the law, as such, they cannot be held legally accountable. Now you can thank me for explaining the basics of the law and this case to you.

>>55225560
Control. They can only regulate it if they are declared securities by law. July Fednow goes live so the feds are trying to kill competition long enough to force people on their CBDC and get used to it. They cant stop crypto forever because of its global reach but they know people are lazy and once everyone is on the new system, wont switch back to crypto once the court battles are over which will take years to resolve. So they only have a few years window. Like crack, once you get people hooked on "convenience", they wont give it up.