Fascinating World that we live in - Just observe its habitants!

in hive-177682 •  4 months ago 

I'd like a second opinion

Hey that's a cool thing you got there, but isn't it illegal?

legal1.png

Here, take a look at this illegal thing that this guy did? Seems illegal right?

legal2.png

But wait....who determines what's right? Illegal just means people with governments don't like it.

All fun and games until someone earns a nickel...

Let's all be reasonable though first.

Are we following laws not yet written... or Guiding ourselves in this brave new world?

What's the illegal things again? Oh yeah, selling to not rich US residents. In the US you literally have to be registered as rich to buy things might make you money.....think on that. You are also protected from a slough of terrible non-investments, now think on that part too.

Are we so afraid that some government might make a law or just glance in our general direction that we become paralyzed to do anything interesting or important???

@aggroed isn't. And I isn't either. Ain't neither and neither shouldn't y'all ain't.

Posted via neoxian.city | The City of Neoxian

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Hi @ecoinstant

What @gerber said is right: half of crypto are securities. Especially those that serve one purpose: raising funds and providing investors with dividents.

The only thing is that I'm not sure if @dm312 is right by saying that nft can't be sold to a US investor. Based on my understanding this law do not apply if we're not investing FIAT.

Otherwise we could all say, that STEEM is also a security - we all are receiving dividents in form of curation rewards.

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Yours, Piotr

I stand by my assessment.

If we make more money in the same gray area THEY do, they will attempt to shut us down by getting us to acknowledge reinterpretation of the law would make us criminals.

You could bundle together some toxic sub-prime mortgages - that would be legal!

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I was bringing up an interesting point then. I was tired when I typed the whole question. I like questioning the legal system and starting conversations which I did. This post is a good response to what I said.

Thank you for asking smart questions, conversations are more meaningful with people like you.

I don't purport to understand the ins and outs of it all either, but the rules do sure seem to change for the benefit of a scant few on a routine basis. I do think that one of the reasons the government is so concerned about crypto is that it takes a lot of power out of their hands.

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  ·  4 months ago Reveal Comment