TECHNOLOGY: ICOs are probably not deserving of SEC regulation; caveat emptor

Tuesday, December 26, 2017

https://techcrunch.com/2017/12/17/ico-lateral-damage/

ICO-lateral damage
Posted 5 hours ago by Jon Evans (@rezendi), Columnist

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The ICO regulators are here, and they’re carrying big sticks.

“Coins or other digital assets issued on a blockchain may be securities under the federal securities laws… tokens were securities as defined by Section 2(a)(1) of the Securities Act because they were investment contracts … An investment contract is an investment of money in a common enterprise with a reasonable expectation of profits to be derived from the entrepreneurial or managerial efforts of others.”

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Laissez-faire is an economic system in which transactions between private parties are free from intrusive government restrictions, tariffs, and subsidies, with only enough regulations to protect property rights.

We don’t need the Gooferment to “protect” us.

Their only interest is to protect their established interests.

Crypto-currencies do represent a huge threat to the fiat currencies that enable the Federal Reserve System — —  The Federal Reserve Bank is a misnomer. IT ain’t “federal”. It reserves nothing. And, it ain’t a “bank”. It is a private cartel of the elite banks run for their benefit and that of the entrenched politicians. — — to fund the welfare / warfare state.

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GOVEROTRAGEOUS: Why can’t the USA be more like Estonia?

Sunday, December 24, 2017

http://www.impactlab.net/2017/12/17/estonia-the-digital-republic/

December 17th, 2017 at 11:54 am
Estonia, the digital republic

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Its government is virtual, borderless, blockchained, and secure. Has this tiny post-Soviet nation found the way of the future?

The Estonian government is so eager to take on big problems that many ambitious techies leave the private sector to join it.

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I asked Kaevats what he saw when he looked at the U.S. Two things, he said. First, a technical mess. Data architecture was too centralized. Citizens didn’t control their own data; it was sold, instead, by brokers. Basic security was lax. “For example, I can tell you my I.D. number—I don’t fucking care,” he said. “You have a Social Security number, which is, like, a big secret.” He laughed. “This does not work!” The U.S. had backward notions of protection, he said, and the result was a bigger problem: a systemic loss of community and trust. “Snowden things and whatnot have done a lot of damage. But they have also proved that these fears are justified.

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There’s a plethora of great ideas in this story. So many that it’s hard to absorb them in one sitting.

I love the citizen is in control of their data. 

In the USA would be IMPOSSIBLE without the (unconstitutional) Social Security “number”.

Why can’t “we” have all these benefits here?

Simple Crony Capitalism. What would all the “info protection”, credit reporting, Gooferment “suppliers”  and consultants to the Gooferment do? All those lost “campaign contributions”! 

And, imagine all the waste, fraud, and abuse that would be found.

If DJT45 wants to drain the swamp, then here’s how to do it.

Argh!

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