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RE: Running Security Token on Polymath - is it a REVOLUTION? (tutorial included)
A large number of companies register on the Isle of Jersey and in small nations in the Caribbean.
The SEC really has a hard time regulating companies outside of the United States. What they do is confiscate all properties in the states. But this, of course, hurts US standing abroad.
Quite frankly, I think a huge number of companies have been taking this route. They create entities outside the US so that they can hide assets from the regulatory excess of the SEC and IRS.
Hi @yintercept
I did not know that. Interesting fact. It seem that you're very knowledgable. Love the fact that I got to know you.
Im already hungry. And I do not mean that I want to eat some chicken. Im hungry for your knowledge :)
That make sense. Thank you for your valuable comment.
Appreciate it a lot. A LOT.
Wow, indeed you are knowledgeable @yintercept. Thank you for sharing with us :)
That's terrible for me. At the beginning of my journey with blockchain I was hoping this technology will break out of the current economical system, defining a new one, independent from the governments. What I am currently observing is blockchain being fitted to this system. Anyone who stands out from the crowd and wants to think differently ends up in a jail.
All the best,
Jan
The open ledger used by cyrpto-currency could still completely revolutionize investing.
The open ledger proves that most of the SEC regulations are superfluous.
The SEC has antiquated security laws. Crypto-currency has cracked open the doors to reform.
The crash in crypto-currency prices might be fortuitous. With crypto, people really are investing in nothing and that there is interest in new technologies.
The next step is to start creating real world securities. If people could start trading with real world securities, we could change the world.
Thank you for your reply @yintercept
Currently, the governments are afraid of cryptocurrencies because they take away the possibility of controlling citizens. It has to be admitted that users of crypto represent a small fraction of society, so there isn't enough pressure on SEC and governments to allow cryptocurrencies develop unproblematically.
In my opinion we need to build awareness among society in order to create such pressure.
Indeed, this opens up unimaginable possibilities.
Cheers,
Jan
The huge drop in the price of crypto shows that the crypto market can't survive on investing in cyber tokens alone.
My hope is that crypto enthusiasts take the leap from just trading tokens to actually trading securities.
This would put a huge pressure on the regulators.
Unfortunately, what will probably happen is the regulators will use sharp drop in crypto prices to justify more regulation.