I've never been able to hold crypto that is not locked up somehow, or too cheap to sell. So diversifying does not work for me, guess I don't look at money as something I need to save, it's something I play with
Iam getting really scared of lending plat forms, i have lost $400 in hextracoin, $300 in chaingroup, $600 in bitconnect graig grant you are my sponser on bitconnect, user name was jahmazin, iam asking you to check this out, this is the only way to make things right with everyone you did sposer and have lost as a result
if you like the idea and found it helpful please let me know here: btc wallet 12FDCrhk3ao3h2zKuwcW2LdgALt7KbJHC1
In order for Steem to be a security the interest has to come from the effort of others. The Howie test is supposed to be what determines if something is or isn't a security.
The SEC sued the defendants over these transactions, claiming that they broke the law by not filing a securities registration statement. The Supreme Court, in issuing its decision finding that the defendants' leaseback agreement is a form of security, developed a landmark test for determining whether certain transactions are investment contracts (and thus subject to securities registration requirements). Under the Howey Test, a transaction is an investment contract if:
It is an investment of money
There is an expectation of profits from the investment
The investment of money is in a common enterprise
Any profit comes from the efforts of a promoter or third party
In the context of an investment contract, a “common enterprise” is defined as an enterprise in which the fortunes of the investor are interwoven with and dependent upon the efforts and success of those offering or selling the investment or of third parties.
I don't know if Steem Power is a security but because it's an algorithm behind it rather than efforts of promoters or any specific employees it likely isn't one. The profit if it comes from an algorithm is guaranteed only by math. The other question is what would be the common enterprise? Steemit Inc?
If and only if Bitconnect really had a bot then they could not be a security but we never saw the bot which means it very well could have been one guy with a laptop.
Good to see you back, people must just use there brains, think for yourself.
Glad you back. I haven't done a post of steem over 6 months crazy how lazy I became, no excuse. so I just did a quick Halloween post. https://steemit.com/life/@muks/come-back-halloween-2017
Quit taking shit from all these morons who bought into the pyramid/ponzi schemes Craig. I watched just one of you videos on STEEM and already realized you were an arrogant dipshit. So I un-followed you and never looked back. Just because the rest lost some money cuz they believed you, is on THEM. If they aren't smart enough to know a scam when they see it then economic Darwinism should take its course! Same goes for these idiots who are trying to bring a class action against Bitconnect. I hope they get nothing and probably won't anyway!! Cheers
So are you saying that "economic darwinism" makes it ethical to trick people into handing over their funds? Yes you're right that people who invested in Bitconnect without realising it was a scam are idiots, but that doesn't make it ok to exploit them imo.
Yeah sure it's bad and unethical and all that shit. But it happened, time to nut up and learn what responsibility for your actions means. All people (especially men) need experiences like this to teach them, if they do not already have the capacity, to avoid making stupid decisions.
Reality is that ethical has nothing to do with it. Not everybody lives inside so bubble wrapped dome that protects them from "unethical" things. Crying to lawyers and the gov't robs you of the opportunity to become responsible for your actions. Teaches those the state will fix all their problems for them. No need to be a smarter person or a better investor. Just sue anyone that doesn't make you rich. I'm down 2k on XRL. Should i sue them? I can make a case they duped me and whaaaaa gimme back my money!!! But it's pathetic really.
Yes I totally agree about not going crying to the government etc and I would rather have more freedom than a restrictive playpen telling me what I can and can't invest in. However my point is that Craig should have been honest and told people they were investing in a scam. I'm not from coming from a legal perspective, but a moral one.
Did Craig really know tho? He was just as hopeful as anyone i bet. There were plenty of ppl out there sharing info on this project besides Craig. If Craig were "honest" and told ppl "sign up under me for this awesome scam," how many ppl would have signed up. (Hopeully none). It's the greater fool theory in practice. What is or isn't moral does not matter when people are blinded by greed and the promise of quick money. All are guilty that participate; from cryptonick/trevon/craig/carlos matos all the way down to the dudes that signed up the day before shit went bad IMO. Were you not one of these people either? If not good for you and it's nice that you are trying to understand ppl's feelings and whatnot but you have to let this whole thing burn and not get involved if you weren't already IMO. I'm only here to laugh at Craig cuz I knew he was a huckster from the video when he went to his parents house. 4 minutes in I thought "this guy is fulla shit." So just wanted to serve him a few jabs, but these ppl that fell for it also have a share in the blame.
Hey @craig-grant I actually made a post about this very topic earlier today, I actually referenced @trevonjb as opposed to you but same message. I'd actually encourage you to read it as I think it's bigger than you and Trevon, it's about Steemit itself...
In the post I basically say while I get that everyone hates you guys, and while I will say the way you guys made your money isn't really admirable, I think the Steemit community ganging up on people to run them off Steemit is a slippery slope.
Just look at how r/Bitcoin and r/BTC will downvote anyone who doesn't agree with them and that's not healthy for debate.
If your making Bitconnect or Davor videos I'm all for people downvoting you as I think that's spammy and scammy and I don't think its good for Steemit or the crypto community but if you wanna make normal content I don't really think its right for everyone to run you off of here and the reason being because it's a slippery slope. Today we run off Trevon and Craig but tomorrow someone says something we disagree with and then hey we ran off Trevon and Craig lets run this guy off as well. Where does it stop.
I agree with that sentiment. Again I get why people are comming down on you guys so hard on Bitconnect. I know you personally don't view it as a scam, I would disagree with that sentiment, however at the same time is you pitching Bitconnect really that much worse than Chris Green pitching his bullshit $3,000 Amazon Merch Program or Tanner J Fox pitching his bullshit over priced Amazon FBA program that is vague info that's really not going to help anyone...I suppose not really that different. Buyer beware.
Diversify. Bitconnect was only 5% of my portfolio.
I've never been able to hold crypto that is not locked up somehow, or too cheap to sell. So diversifying does not work for me, guess I don't look at money as something I need to save, it's something I play with
You can't afford to pay a lawyer, but you can afford to treat money like a toy.
Iam getting really scared of lending plat forms, i have lost $400 in hextracoin, $300 in chaingroup, $600 in bitconnect graig grant you are my sponser on bitconnect, user name was jahmazin, iam asking you to check this out, this is the only way to make things right with everyone you did sposer and have lost as a result
if you like the idea and found it helpful please let me know here: btc wallet 12FDCrhk3ao3h2zKuwcW2LdgALt7KbJHC1
Stay away from these "lending platforms" they are all scams
Agreed
Lmao. Thorncoin to the rescue!
In order for Steem to be a security the interest has to come from the effort of others. The Howie test is supposed to be what determines if something is or isn't a security.
See here:
Common Enterprise defined:
I don't know if Steem Power is a security but because it's an algorithm behind it rather than efforts of promoters or any specific employees it likely isn't one. The profit if it comes from an algorithm is guaranteed only by math. The other question is what would be the common enterprise? Steemit Inc?
If and only if Bitconnect really had a bot then they could not be a security but we never saw the bot which means it very well could have been one guy with a laptop.
♥♥♥
I love this video it make sense
I feel bad that this guy was hit so hard. What is the actually utility of bcc? I don't think there is any...would be fateful.
Good to see you back, people must just use there brains, think for yourself.
Glad you back. I haven't done a post of steem over 6 months crazy how lazy I became, no excuse. so I just did a quick Halloween post. https://steemit.com/life/@muks/come-back-halloween-2017
DO YOU HAVE ANY INTENTION AT ALL OF REFUNDING YOUR VICTIMS? EVER?
AND YOU WANNA TALK ABOUT WHAT YOU ARE DOING RIGHT NOW???
Craig Grant with your money Yacht - Jet Ski and a Captain
source: Luka you've been HACKED
the first rule of scamming?
NEVER..... EVER EVER EVER....GIVE MONEY BACK TO YOUR VICTIMS......
does this look like a man that lives in a trailer home?
hahaahahahahah.................
really Craig???
do not believe a word this man says!
he is a professional!!!
Quit taking shit from all these morons who bought into the pyramid/ponzi schemes Craig. I watched just one of you videos on STEEM and already realized you were an arrogant dipshit. So I un-followed you and never looked back. Just because the rest lost some money cuz they believed you, is on THEM. If they aren't smart enough to know a scam when they see it then economic Darwinism should take its course! Same goes for these idiots who are trying to bring a class action against Bitconnect. I hope they get nothing and probably won't anyway!! Cheers
So because you're smarter than somebody else it's ok to knowingly trick, exploit and scam them?
Did he steal the money from you? Or did you willingly hand over your funds? Economic Darwinism like i said. DW karma and shit though.
So are you saying that "economic darwinism" makes it ethical to trick people into handing over their funds? Yes you're right that people who invested in Bitconnect without realising it was a scam are idiots, but that doesn't make it ok to exploit them imo.
Yeah sure it's bad and unethical and all that shit. But it happened, time to nut up and learn what responsibility for your actions means. All people (especially men) need experiences like this to teach them, if they do not already have the capacity, to avoid making stupid decisions.
Reality is that ethical has nothing to do with it. Not everybody lives inside so bubble wrapped dome that protects them from "unethical" things. Crying to lawyers and the gov't robs you of the opportunity to become responsible for your actions. Teaches those the state will fix all their problems for them. No need to be a smarter person or a better investor. Just sue anyone that doesn't make you rich. I'm down 2k on XRL. Should i sue them? I can make a case they duped me and whaaaaa gimme back my money!!! But it's pathetic really.
Yes I totally agree about not going crying to the government etc and I would rather have more freedom than a restrictive playpen telling me what I can and can't invest in. However my point is that Craig should have been honest and told people they were investing in a scam. I'm not from coming from a legal perspective, but a moral one.
Did Craig really know tho? He was just as hopeful as anyone i bet. There were plenty of ppl out there sharing info on this project besides Craig. If Craig were "honest" and told ppl "sign up under me for this awesome scam," how many ppl would have signed up. (Hopeully none). It's the greater fool theory in practice. What is or isn't moral does not matter when people are blinded by greed and the promise of quick money. All are guilty that participate; from cryptonick/trevon/craig/carlos matos all the way down to the dudes that signed up the day before shit went bad IMO. Were you not one of these people either? If not good for you and it's nice that you are trying to understand ppl's feelings and whatnot but you have to let this whole thing burn and not get involved if you weren't already IMO. I'm only here to laugh at Craig cuz I knew he was a huckster from the video when he went to his parents house. 4 minutes in I thought "this guy is fulla shit." So just wanted to serve him a few jabs, but these ppl that fell for it also have a share in the blame.
Hey @craig-grant I actually made a post about this very topic earlier today, I actually referenced @trevonjb as opposed to you but same message. I'd actually encourage you to read it as I think it's bigger than you and Trevon, it's about Steemit itself...
https://steemit.com/steemit/@rulesforrebels/while-i-m-not-a-fan-of-trevonjb-i-think-we-should-think-long-and-hard-about-ganging-up-on-people-on-steemit
In the post I basically say while I get that everyone hates you guys, and while I will say the way you guys made your money isn't really admirable, I think the Steemit community ganging up on people to run them off Steemit is a slippery slope.
Just look at how r/Bitcoin and r/BTC will downvote anyone who doesn't agree with them and that's not healthy for debate.
If your making Bitconnect or Davor videos I'm all for people downvoting you as I think that's spammy and scammy and I don't think its good for Steemit or the crypto community but if you wanna make normal content I don't really think its right for everyone to run you off of here and the reason being because it's a slippery slope. Today we run off Trevon and Craig but tomorrow someone says something we disagree with and then hey we ran off Trevon and Craig lets run this guy off as well. Where does it stop.
crypto space is not for weak hands or weak minds
crypto space is not for weak hands or weak minds
SO BASICALLY ALL THE PEOPLE YOU SCAMMED???
ALL THE NEWBIES JUST GETTING INTO CRYPTO FOR THE FIRST TIME???
YOU REALLY ARE SOMETHING CRAIG GRANT!!!!
I agree with that sentiment. Again I get why people are comming down on you guys so hard on Bitconnect. I know you personally don't view it as a scam, I would disagree with that sentiment, however at the same time is you pitching Bitconnect really that much worse than Chris Green pitching his bullshit $3,000 Amazon Merch Program or Tanner J Fox pitching his bullshit over priced Amazon FBA program that is vague info that's really not going to help anyone...I suppose not really that different. Buyer beware.
All is not lost, whoever is determined will get their way.
I like your video . Good luck @craig-grant