Bitcoin, BitShares and Steemit Make the TXSRB Clean Token List!
Chaos is coming. The regulators are about to crack down on Initial Coin Offerings (ICOs). The Token Exchange Self-Regulating Body (TXSRB.org) is trying to get ahead of this by helping the industry to clean up its act before the regulators take down half the industry.
ICOs are completely out of hand. People are raising insane sums of money by misleading newly rich crypto investors... then making off with huge chunks of the funds. Often there is nothing behind these ICOs but a kid in her parent's basement.
This could cause panic in the industry if exchanges start delisting everything out of an abundance of caution - or plain fear of being shut down by regulators.
So the TXSRB is aiming to head off this disaster by taking the following steps:
- Working to clarify what is clearly not a security according to the Howey Test, i.e.,
-- Did people make and investment?
-- Is there a common enterprise?
-- Did they expect a growth outcome? - Publishing a Clean Token List of coins that fit that non-security category.
- Providing free guidance to all ICO issuers on how to clean up and pass the test.
- Providing consulting services to clean up Toxic ICOs.
- Eventually publishing their much longer Black List of ICO's that need to clean up and clean up fast.
are on the Clean Token List
This is a huge vaccination against uncertainty and delisting that could impact prices.
John Gotts and Michael Taggart did a watershed interview where they explain all this here:
This will both shake up and ultimately save the industry during the next three months.
Pay attention.
Cheers!
Stan Larimer, President
Cryptonomex
The Godfather of BitShares and the HERO
About the Author -- Stan Larimer
Follow Me On Steemit - The Social Media Platform That Pays
Please Connect To Me On Linkedin!
Keep it clean: Bitcoin, Bitshares, Steem and EOS. It's all the crypto you need to diversify and grow wealth: you have the crypto equivalent of Gold, Stock Market, Facebook and Apple. What more do you need? No worries about your investment suddenly being worth zilch because the SEC shuts it down... and no worries about the SEC knocking on your door. BBSE FTW!
100% Agree. This is my portfolio!
I wish it was mine and I agree as well
Let's hope regulators will take it seriously
They won't have a choice.
I am wondering is it really a good time to invest in Bitcoin considering its price is reaching $5000 as it could mean I lose my investment if prices go down. I am new to crypto currency and really want to invest in some good concurrency. I was searching for a profitabble mining crypto currency and found about Steemit here https://www.reddit.com/r/CryptoCurrency/comments/4lbv3q/easiest_currency_to_mine_on_a_shitty_computer/ and gave it a try today and I am really happy I chose it. I wish I knew about it earlier but you know its never too late to get started!
@shivgre it's a good time i think that's that from price correction it's too much of a bull market but bitcoin is not a stock i am a long time in bitcoin and i heard that ''bubble'' stories when it was 200$.. it will grow massive for a few more years, this is a best crypto for the next 10-20 years.. digital gold.. look what is happening with real gold..but it is under regulations of a deep state so they manipulate price few times so they can accumulate it in FED... but gold will still grow
I am glad I didn't invest last week when the prices were touching $5000 as now bitcoin price has fallen to $4189.32. I will buy some when the prices starts rising. Maybe that will help me get some profit. Upvoted and followed you for the great information @dado13btc.
bitcoin still have a lot of potential and it may touch $10000 in 2 years. As everyone said invest a amount that you can effort to lose.
@bijender hopefully yes. But yea as you said there always is risk of losing investment so I will only invest what I am ready to lose.
If you don't need to withdraw your investment soon. Then it's always time to buy bitcoin ;)
Lucas Malabarize-se
Yes and I am ready to invest and forget the investment for atleast a year. Upvoted and following you @lucasgabd.
go go go!
thanks for the support!
I think it is always a good time. Bitcoin will be the world reference coin in my opinion.
Hopeyfully yes.
Mining is a good option if you don't have to pay for electricity. If you do, find a means to make your own (there are plenty of examples on reddit for solar, wind, etc, depending on your climate). Otherwise you might just break even
Can't mine bitcoin due to unavailability of ASIC machines and waiting time of 4 to 5 months on delivery.
Upvoted and following you @jpederson96.
I got one on Prime from Amazon, but I since then returned it.
Spring Timeframe
celebrate ur $9 comment with adding a steemit profile pic
Ain't that right!
@OriginalWorks
OF COURSE, we made that list.
We are growing strongly and reached 17mn visits on Steemit in August !
If you would like to know more metrics on Steemit => https://steemit.com/steemit/@vlemon/steemit-traffic-data-engagement-and-other-metrics-end-of-august-update
Honestly, I would add Dash to that list. Dash has had about the same name recognition as Bitshares if not more, it has consistent growth, and the supporters are about as strong if not stronger than EOS.
Agreed
What constitutes?
None of those things determine whether something passes the Howey Test.
What does
The law does? It isn't based on popularity.
Bravo captain obvious, would you like to dive your ship of information into a deeper level of analysis?
You look retarded..
And thus we have our nincunpoop
Would you mind elaborating on this for a newbie.
I have followed you on Steemit, please be kind enough to follow me as well.
follow me bro ♥
This is all great news. but we must also remember to diversify and watch the market like a hawk. Big government and centralized societies will always want to regulate.
The regulators is to protect the investors and entrepreneurs like you and me. Of course they have to have a baseline to implement a rules.
We just hope the ICO's are ready to justify their work, otherwise it might be a scam anyway.
Follow me @Yehey
Thank you
Agreed
follow me bro ♥
Followed Bro
@OriginalWorks
Bitcoin is going down. I just feel it
I feel it too. Steem does a much better job than Bitcoin in many aspects. I just don't see its usefulness at all right now
I 100% agree with you. The problem is, the bigger it gets, the clunkier it becomes and the more power it needs to create bitcoins. Also, it's a confidence game. Your currency is worth money only because of the confidence it can attract. Once that goes, there is nothing to shore up the value. There are too many players in the cryptocurrency market that provide a better alternative to what Bitcoin offers for Bitcoin to continue to increase in value. Its primary function, now, is the ability to buy other cryptocurrency with it, but if Bitcoin's value sinks, other cryptocurrencies will too. It's a standard against which other cryptocurrencies have been measured, too, but they can also be measured against $US. In the recent price plummet, I notice that Ripple (XRP) barely lost value, same with Neo. These coin offerings have real life application. If Bitcoin goes down, they all will. And they'll be replaced by a newer model, that's measured against something else. Bitcoin is a currency. I seriously think the Neo model is the way forward - where the coins are shares in the business.
I agree...Bitcoin is becoming to large that sending bitcoins to another wallet takes ages. :( Kinda sad
Just provides a higher demand for mines, and a demand for miner improvements until that becomes over reaching.
Don't forget that the original founders and the investors after them are still holding onto plenty of coins to provide stronger confidence. If the bubble pops and plummets like it did during the last major update, they will likely inflate it again.
It's hard to argue with this... you can't go wrong investing in a few of the best blockchain projects and leaving it alone.
As the currencies did go down, now you should buy them to make a profit.
Have a nice day,
But what if you don't have any money left? Damn Chinese communists ruined my crypto retirement plans!
I have followed you on Steemit, please be kind enough to follow me as well.
Be a leader instead of a follower. Followers sometimes fall off cliffs when following blindly. Ha!
Very appropriate comparison categories - it works!
Actually, I think Bitshares and MPAs are so effective and less costly by orders of magnitude... I'm still trying to get my head around EOS, but again, I reckon Bitshares will facilitate that as well.
Interesting how three of the four you mention have Larimer crafting. Also, perhaps a fifth category, Pension Fund and HERO - whats not to like at 5% interest pa?
HERO as in the esports investing / betting?
Nope - HERO as in the Bitshares HERO - Market Pegged Asset created based upon the value of $1USD at the creation of the Federal Reserve Bank in 1913 and appreciating in value at 5%pa, which is about $158ish in 2017 dollars. The purchasing value of one 1913 dollar is actually estimated at around $0.02 today. The HERO is a interesting proposition for ppl that'd love 5%pa - guaranteed and collateralised by a 2:1 BTS ratio - anyway, lots of youtube and Steem advice about the HERO - see @stan. You can also short the HERO into existence. Cheers
How can we compare EOS to apple? Got curious about it...
Lucas Malabarize-se
Except Steem isn't Facebook or even Facebookesque. It is more like reddit or blogger or maybe Wordpressesque.
amazing
celebrate ur $9 comment with a profile pic
dude why would you invest 3/4 of your portfolio in vapour, i mean steem and bitshares are borderline ponzi., and EOS hasnt even been built..
I agree. All cryptos are vapourware when the lousy gov says they are illegal. Look at what the damn chinese communists did with their ICO ban.
ino bro, neo cost me big hahah, fukin commys cant have people make there own choices now can we
The question here is... vapor or vapour?
@OriginalWorks
Please explain how Bitshares is a borderline Ponzi?
If no one used it, it would be worthless? I don't know.
@OriginalWorks
Anything that pays dividends or interest.
Who on earth would buy shares in a company.. and not earn a share of the profit?
Would a banker.. buy 1 billion worth of stock of another bank.. and earn no shares of the profit?
He would simply sit on those shares.. until another person came along and gave him 2 billion?
Thats why all these shit coins failed.
These ICO's have given us the chance to invest into start up businesses online.
That is where the real power is at, imo.
I think all this means now.. is we will have alot less scams.. sounds good to me.
Its true you must be diversified to survive.
What about EOS?
I asked TXSRB to evaluate it. That one should pass easily under the "fat protocol" category, and for other more sophisticated reasons. Waiting is.
Ok cool. Thanks for getting back to me. And thanks for the upvote!
dan will leave that one just like every other project hes ever worked on
Glad to see someone putting something like this together. There really have been a ton of scammy ICO's as of late and it's been a bit disheartening. I'm still amazed there are some well known scam coins that are in the top 50 of MarketCap. Blows my mind how they can maintain.
That's good to hear. Bitcoin & Steemit are the only ones I trust.
http://www.FlippyCoin.com is the #1 Cryptocurrency Exchange!
I have followed you on Steemit, please be kind enough to follow me as well.
Keep your portfolios clean kids !
Great news, yet not surprised! I really look forward to BitShares, EOS, HERO, Steem and company getting the recognition they really deserve. Thanks for sharing this information with us all, more leverage to advertise and promote the real trustworthy cryptos! ;)
All for one and one for all! Namaste :)
Spanish/ Español
Siempre aprendiendo muy buena publicación, si puedes comenta y comparte mi trabajo, como yo hare con el tuyo. agregado y apoyandote en tu trabajo. 100% Venezolana
English/ Inglés
Always learning very good publication., if you can comment and share my work, as I will do with yours. Adding and supporting you in your work. 100% Venezuelan
https://steemit.com/@artemisjane26
This is good news. I think it is also good for the industry that there is going to be regulatory pressure in the US and China for future ICOs to clean up their act and it will make fraudulent ones think twice about trying to launch
You forget GOLOS. How could you?
TOday i heard that there are clean and dirty btc, depending on the past transactions
Really?
Bitcoin ETF Trading 100% Higher Than Bitcoin
https://steemit.com/bitcoin/@yesyoucan/bitcoin-etf-at-100-premium