Cryptocurrencies

[Luke]

50 minutes ago, SharperDingaan said:

 

The more rapidly that BTC protocol climbs the adoption curve the better; the meme sh1te is just Trumps base being pulled into the show ... to get a taste of the payoffs, and push the protocol further. Entertainment .... but also very smart.

 

Every state in the US will start buying BTC as soon as the relevant executive order is signed; at their maximum weighting. With the elephants stomping around, it's not place for newbies.

 

SD

LOL, meanwhile the CCP thinks about how to develop semiconductor and robots while trump pushes trumpster hawk tuah coin and melania coin, maybe there is hope for china afterall xD

Edited Monday at 02:29 PM by Luke

[Luke]

18 hours ago, rkbabang said:

He should sell his $TRUMP now while he can.

Ahahahha holy fuck cant believe its real.

[SharperDingaan]

25 minutes ago, Luke said:

LOL, meanwhile the CCP thinks about how to develop semiconductor and robots while trump pushes trumpster hawk tuah coin and melania coin, maybe there is hope for china afterall xD

 

Granted it's funny as hell, but step back a bit .... it's hard to imagine that Musk's hands aren't all over this, and that friends aren't intentionally pushing BTC higher. Most would be cautious if they thought a Goldman Sachs was on the other side of their trade, and the same should apply here.

 

Enjoy the ride, but keep a sharp eye on the number of digits you have 

 

SD 

[james22]

[jfan]

 

The Howey 4-part Test - Is it a security? (1946)

1) Is it an investment of money or assets?

2) Is the investment in a common enterprise?

3) Is there reasonable expectation of profit?

4) Is it reliant on the efforts of a promoter or others?

 

 

I tend to agree that these tokens are more securities than "utility" tokens. 

1) Joe public exchanges money for these tokens to get access to private Manhattan dining experience

2) There is a single enterprise involved - this is a bit grey, the more desirable the dining experience, the greater the restaurant's profit which suggests a scarcity in the supply for memberships, to which the token owner can lease out their membership to another for rent. 

3) The ability to buy and sell tokens in a market place for the expectation for profit (assuming the demand for membership > supply of membership) or profit from leasing the token to another

4) It is reliant on the management team to create a desirable dinner (therefore profitable) experience.

 

I'm pretty sure that FlyingFish probably took in the ICO proceeds and booked it as deferred revenues to avoid taxes (as in the case of booking these proceeds as current revenues) and avoid securities registration (ie booking the proceeds as equity). 

 

If there were a number of disparate restaurants with different owners participating in a network that issued tokens that people can use to buy-sell for a unique experience that restaurants could accept as payment, perhaps this system is more utility like than security. 

 

Below is the SEC settlement

 

Edited 5 hours ago by jfan

[james22]