Regulatory Concerns and Unsolicited Feedback

I had the same thought actually. Interesting thread.

I have no idea who @jsull9 is, I’ve never met them, talked to them, communicated in any form, etc.

Your desperation to discredit the character of people who spark discussion on valid concerns (that seemingly go against your interests) is shining.

Please stop with the ad hom, the moderators here don’t like it❤️

1 Like

Nobody jumping in to talk about the XRP ruling? That’s extremely relevant to this thread I guess it seemingly goes against your interests.

8 Likes

Hello,

I am taking a mental health break from this conversation and will reply with any updates afterward. Members (such as yourself) harassing me, and retaliating with immature childish tactics, have caused significant un-needed stress. I will not engage with an individual who carries this domineering in their interactions. However, if anyone with a maturity level enough to not violate community guidelines wants to interact when/ if I come back, I open them and would love to talk more.

Thanks,

Respectfully,

Jsull9

Oh no, quick call the waaaahmbulance. I’m sorry, this isn’t the victorian ages any more, you can’t demand we go outside with pistols after having your honor besmirched.

Actually you do sort of sound like you’re from that era. You’ve been poisoning this forum for over a year with your concern trolling, sockpuppeting and false narratives. Go and do not come back.

3 Likes

I hope you’re not a US taxpayer and don’t do your taxes yourself. You have incorrectly interpreted US tax code and securities laws.

2 Likes

I figured I would let the case info speak for itself, let people draw their own conclusions, and adjust their arguments accordingly if necessary.

My views are the same. Extremely happy with the courts ruling. For anyone who wants to read the filing:

2 Likes

@Accumulating.icp, I think you have more support than you feel right now.

@Jsull9, we all know the problems out there as they are reported but the answer to overcoming the concerns of those who believe that we should have no borders, by letting them run their course and their outcomes will follow.

2 Likes

is @accumulating.icp even building anything on the IC?

1 Like

Oh cool, what’s it called? Is he looking for investment?

2 Likes

Great news for Americans, according to the XRP verdict, ICP wont be considered a security for any purchases made on centralized or decentralized exchanges.

However, venture capitalists and institutions involved in the presale ( or OTC) might face challenges, provided they are located in the United States. For those based outside the U.S., this issue does not pose a concern.

2 Likes

I’m thinking that same thing, which means both of the overlapping class action cases out of California will have an uphill battle since they’re focusing on purchases on/after May 10th 2021 which the filings show was the first day ICP was available on exchanges.

1 Like

He’s gonna buy it out now - works well though considering my home country has now made it illegal for me to work on it😅 Don’t want to take it off topic but I’m currently working out the best direction to take development going forward, if I can legally work on it without liability, at all.

However it’s really unfortunate how this conversation has gone from something productive, to taking it off topic by attempting to attack the characters of people involved.

Some people do have fair points in regards to the SEC Case, but they’d be a lot more effective in conveying their points if they offered their conclusion in regards to the information, rather than attacking people for not presenting the information for them.

4 Likes

It’s amazing to me that a topic so boring (no offence) could generate such passion. I spent most of my life thinking that legal conversations were always conducted in hushed tones, but this is balls-to-the-wall outrage around every corner. Fantastic!

From my own non-US chair, I’ve been looking closely at MiCA and designing a crypto-commodity that clearly marks itself as not a security. Just like creative accounting, I think the solution is in creative asset design and developing new protocols that can leverage the amazing powers at our fingertips.

4 Likes

No, we’re in the age of a cease & desist & a lawsuit from DFINITY, as countless others have felt the wrath of.

It’s hilarious how transparently & broadly you apply your smear tactics on a censored forum - you’re setting a great example of the community DFINITY cultivates for when the rest of the crowd shows up & does some research.

You quite clearly did no research into the ignorant statements your making - a quick reference of @jsull9 forum account debunks every attempted slanderous statement you’ve made.

I’m not going to entertain your comments any more, as quite frankly, just about everyone falls under off topic, ad hominem, or any of the other countless logical fallacies claimed as “rules” within this forum - that is the job of the moderators & they quite clearly have no interest in moderating what you say, as the sole source of liquidity within this ecosystem.

4 Likes

It is good news. I’ve found it pretty hard to look at the IC, and think that anyone would find the primary use case for the ICP token to be as an investment.

And also in the news today–https://www.cnbc.com/2023/07/13/former-celsius-ceo-arrested-company-agrees-to-pay-4point7-billion-settlement.html

4 Likes

Regardless it is an important win:

Here are some general possibilities for what Ripple’s wins could mean for other cryptocurrencies like ICP (Internet Computer Protocol) and others:

  1. Programmatic Sales: These are typically automated sales of tokens that occur according to a predefined schedule or set of conditions. The court ruling in favor of Ripple on this point could suggest that programmatic sales of a cryptocurrency may not necessarily be seen as unregistered securities offerings. However, the specifics of each case would be crucial.
  2. Other Distributions: This might refer to methods of distributing tokens other than through sales, such as airdrops, staking rewards, or other types of distributions. The court’s ruling could imply that these types of distributions might not be considered unregistered securities offerings.
  3. Sales by Founders/Executives: The court also ruled in favor of Ripple regarding the sales of XRP by Larsen and Garlinghouse. This could suggest that sales of a cryptocurrency by its founders or executives may not automatically be seen as unregistered securities offerings.
5 Likes

Amazing. You know how easy it is to fake a screenshot right?

1 Like

I’m not talking about you inspecting element - I was one of the first to realize :man_facepalming:t2: Funny that’s all you can respond to though. Goodnight Borovan.

2 Likes

The IC is a globally accessible project. If the US wants to cut itself off from the rest of the world and lose out on the most amazing technical advances imaginable, so be it. There is no reason projects should be hamstrung for the benefit of a vocal minority.

3 Likes