/biz/ - Business & Finance

>>9297832
Let's set up a smart contract, i will bet you that it wont be a classified as a security

>>9297832
Show proof that you shorted ETH or you are a larping faggot.

>>9297832
Hey, Ive got a friend that will attend the hearing and he spoke as well to some people and they all said that this was a joke and it will not be labeled a security. He also said that the only reason for the hearing is to classify eth as a commodity for legal reasons and to get it down in writing.

Use this information as you please.

Buy the fucking dip. This shit is about to take off after the fud clears.

>>9297832
That's interesting my uncle works at Nintendo and he also seems to think that ETH is a security

>>9297832
>the general consensus is that ETH WILL BE A SECURITY
>when questioned about the outcome (NOT BEING A SECURITY), one said 90% and the other 95%

are yall as retarded as OP?

>>9297832
I'm confused by your wording. First you say the consensus is that it will be a security. Then you say the probability of it not being a security is 90%. Why am I confused?

My father-in-law works for the RIAA and he said that there is an 88% chance that ETH will be certified double platinum.

>>9297832
>insider
Kys

Also, my cousin’s live-in boyfriend works for the USDA and he is 92% certain that ETH will be certified Prime.

The security guard at the parking here says the nightshift guy confirmed it is indeed not a security.

hI

I'm SEC and all other coins will be banned expect universa

My girlfriend’s husband works for Lil Jon and he is 170% certain that ETH will be classified as pure krunk.

It’s fucking mooning right now. 734 on Binance

>>9298028
Just licked the sweat from his balls, all you bitches know, got ethereum pure skeet

My girlfriend is a receptionist at JP Morgan and I just got word that there is a 98% chance ETH will be nominated as Best Supporting Actor.

i work as valet on the SEC restaurant and the chairman with a porsche told me that ethereum will be classified as precious metal because of miners

Guys, my uncle is the hairstylist of a manager who works for Google and said there is a 91% probability that Vitalik wins the Nobel Peace Prize

>>9297832
44

I just sold at 741.

>>9297930
This

>>9297832
i work as the floor sweeper for the barber who cuts the hair of the security guard whose girlfriend is the cousin of a secretary at morgan stanley and I heard that eth will be categorized as a slimming aid because of the money skelly

>>9297832
Hi, im the secs waterboy and i overheard while changing out the water jugs that eth is for defs for shure a commodity

>>9297936
because OP is full of shit

>>9297832
INSIDER INFORMATION
Now I can't get into much detail obviously you guys understand the sensitivity of the situation but we just spoke with OP's mom and she is confirming that OP is indeed a faggot.

Wait a minute...wait...ok...ok I am gettiing more now...ok folks sorry this is breaking news we are literally getting this info live right now. OP's mom is now adding that OP is in fact a massive faggot virgin who needs to clean his room and stop...sorry I did you say...ok...ok yes she is saying she wants OP to stop going on mommies computer when shes not home.

That all folks, I'm Sven Magillicutty and this has been Channel 4 action news on your side.

>one individual said 90%
>the other said 95%
Where do you think we are at "The price is right"?

My proctologist’s wife works for Camel cigarettes, and while he was fingering my asshole checking for signs of cancerous polyps, explained that she is 44% certain that ETH will be certified as smooth

Can anyone explain what would happen if ETH would be classified as a security in the US?
Is it about taxes? Or the team should become a company or something?

>>9298450
Basicly if you buy something and are yourself responsible for growth in value, its commodity. If people who sold you stuff are responsible for value growth, its security.

as someone who doesnt know shit and just googled what a security is

how will eth being classified as a security affect eth and why?

are other cryptos classified as securities?

>>9298450
burguers will need 300,000USD annual income or 1,000,000USD in assets to buy ethereum

>>9298470
Why are people worried about it being a security? Do they have to pay more taxes? There’s already taxes on crypto

>>9297832
Nice larp

>>9298494
Whoa is that true? That doesn’t seem true. A stock is a security and any rando joe can buy an Amazon stock for $1,000; why can’t he buy an ETH for $1,000?

>>9298495
It has a do that securities fall under goverment regulations. As an exhange you have to apply to trade securities. So most exchanges in wild wild west crypto land will have to delist.

I might be wrong about this, but this is what I got.

>>9298528
Whoa that sucks. The thing I’m worried about is trading. I remember on Robinhood you have to have a special account or you get flagged as a day trader. I like moving around $20 and losing it without banks breathing down my neck.

If its a security it will mean exchanges (american) will have to be licensed to sell it. It also means Americans cant participate in ICOs... all in all who gives a fuck.

>>9298528

But only ETH and not the issued tokens in the ETH network

>>9297832
>Insider trading leak
>From two sources
>From the SEC itself

Yeah no.
Even implying that two members would share this information together is a bad idea. It's much harder to keep a secret when someone besides yourself knows the secret.

>>9298485
you have to think about it from a retards perspective.
ETH a security bad =price drops
ETH not a sec good = party continues

>I cant get into much detail

>>9298528
yeah but the whole point of crypto was to bypass all this shit. To have our own thing. Not to do what the gov says.

>>9298575
with centralized exchanges they have to cope with regulation, but Descentralized Exchanges are coming to everyone soonTM

>>9297832
>Source: Your ass
Seriously OP kys.

>>9298615
there are a couple already right?

>>9297832
My dad works for Microsoft and he said it’s not going to be a security faggot

can anyone even post information about this meeting that isn't a sensationalist crypto site?

the only important thing i can find is the wall street journal article talking about the meeting


"A working group of regulators including senior SEC and CFTC officials are scheduled to discuss the matter on May 7, one of the people said."

do you even think they're going to announce anything major from this meeting seeing as how the SEC doesn't even list this shit on their upcoming events page?

they said they'll "discuss" the matter, not make a decision. and the whole market is freaking out over it. they may leave further discussions for another day for all we know and they'll probably just draw up some boring lawyer stuff and we won't really know what regulators are saying about this shit for months.

When is this fucking meeting, there is no info

>>9298785
this is the jekyll island meeting of the crypto world, it all seems very cloak & dagger.. little to no info, probably just a few rotschilds and rockefellers and ceo's of international finance getting info from the bogs on how best to re-centralize this "ether" and manipulate it.

i unironically think we'll see some volatility over the next couple of days but overall by the end of the week going into consensus we'll see eth higher than its been in a long time. $900+ by next week, maybe $1000 by the end of next week come at me bitches. this sec meeting is the biggest fud ive seen in months.

>>9298706

No. It sounds like a meeting. I don't know if anyone here has worked in the government, but I have, and all they do is meet and eat donuts.

Nothing will come of this. Nothing except donuts anyway.

>>9298884

Nah it'll stay strong this week. Payments Canada is running a massive fintech event this week and Canada's been dickriding blockchain tech harder than a lot of other places so it'll keep the price well supported. They're extensively covering ISO20022 and blockchain/smart contracts technology as a potential next step for their payment modernization agenda.

>>9297832
I have solid information that ETH will be classified as CP because of minors.

>>9298938
>and all they do is meet and eat donuts.

sounds like a nice job

>>9297832
I can´t get into much detail, but I just got solid information from couple of senior SEC members that OP is a beta male.

I can't get into much detail, but I just got solid information from couple of senior SEC members that trump is launching his own cryptocurrency.

>>9297832
>can´t
canadian multilingual keyboard detected
nice try, jacques from québec

>>9299511

keks

I heard from my nephew that works at Jiffy Lube a senior member of the sec steering committee was in for an oil change in his Escalade and he told him Eth was a safe play. He also mentioned Chainlink was the Unicorn, whatever that means?

>>9299040

It can be if you have no soul or desire to accomplish anything with your life. If all you're after is a paycheck, work for the government.

>>9299560
Sick

>>9297832
>insider here

this faggot is saying the SEC ETH meeting is fake news? Thoughts? I can't find any official info on the meeting other than from shitty ass blogs.

SHOULD I BUY MORE OR SELL? I ALWAYS MAKE WRONG DECISIONS FUCK

>>9297906
I am Nintendo. Fin.

>>9298235

Underated

hopefully the SEC does it's job for once and bans this shitcoin and it's scam ass ICO which are ALL scams

this 100% was a security when it started, although they changed it when they made enough to hire non retard lawyers who could see this coming

>>9300151
dude i don't trust the WSJ, but ffs he has 1.5k followers congratulations on giving him a view

>>9297832
This seals it boyos, ETH is the place to be right now and for the next day. The FUD is ultra synchronized from all sides, sweet.

This is the only time I move out of LINK and into ETH, I just hope ETH pumps before LINK does

>>9300503
Please mr government save me from bad decisions. I cannot think for myself

shitposting is fun but it'd be more productive if you guys would tweet at the authors of the wsj article and ask them in a polite manner about their sources and the reason why there's no information about the alleged meeting:
https://twitter.com/davidamichaels
https://twitter.com/paulvigna

>>9300122
Lol.. sick maybe but if you didn't chuckle u have zero sense of humor or did not understand. It is an art to Larp two projects in one post.

FOMO BACK IN FAGGOTS YOU GOT PLAYED
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Zero chance it becomes security. Why would they intentionally undermine their own authority? I.E. Eth is made security everyone freaks two seconds then goes and starts trading on a dex or foreign exchange using vpn. And suddenly everyone sees the emperor has no clothes.

Security a FUD confirmed, no hearing or ruling today, congrats faggots you fell a victim to the pump and dump groups. prepare for $1 XRP pump.

>>9298494
how do you know this

the only post worth noting

>>9298517
It's not true. lol. The amount of bullshit in this thread is piling so high that it's starting to block Vitaliks autism level

>>9298540
>>9298540
Good news. You can already buy and sell ETH on RH. Also, the "rule" is that you have to have $25k in your trading account for unlimited daytrading. This is a universal rule enacted by the SEC on all brokers

Start a smart contract to prove that you're not full of shit.

>>9297832
GOD DAMN IT.

MODS WHY HAVEN'T YOU BANNED OP?
NOTHING WILL CHANGE, NOTHING IS COMING. BIG PLAYERS KNOW THIS, HENCE WHY THE KEEP THROWING MILLIONS AT CRYPTO CONSULTING COMPANIES, BASED IN THE US, WHO ARE SEC COMPLIANT, TO DO ICOs.

I AM SO FUCKING SICK OF THE LARP

>>9298551
How the fuck will they enforce regulation on an anonymous trading platform? This is actually retarded.

>>9300638
This. They should be held accountable for blatant market manipulation.

>>9300156
Buy more AND sell

>>9297832
>crashes ethereum with no survivors

This individual thinks there's a 0% chance.
https://www.coindesk.com/sec-chief-clayton-every-ico-ive-seen-security/

The WSJ reported a working group would be meeting to discuss the issue. A working group meeting is purely internal. This is not something that would appear on the public calendar for either agency nor is it something that should be expected to result in a decision or public announcement. Sometimes it's painful how clueless the crypto community is.

Source: I'm a regulatory attorney.

>>9297832
Nigger fuck off with your fake news. There is NO MEETING today. You whales are doing this to make everyone panic, before the great moon mission.

>>9297930
OP is a faggot, he just copied the real thread and changed a bit, but he is so dumb he couldn´t even do that

>>9299676

>>9301308
fuck i failed copying the thread

>>9297780

>>9299511
fucking leafs