For those investing in $NEO right now. Did you know that earning gas makes $NEO a security and thus illegal to trade in South Korea, the US, and many countries in the EU? Wonder why Bittrex has disabled their $NEO wallet for almost a month now?
Well Veeky Forums?
>Wonder why Bittrex has disabled their $NEO wallet for almost a month now?
Because Bittrex are kikes who steal your Gas
hope angie does porn one day
gib milkies
this
sick digits btw
Wrong.
Holy shit, given how much coins Bittrex delists NEO is definitely getting delisted kek.
This is only going up because of a couple of hot ICOs, it's going to dump hard.
Get out while you can.
Can you give me a run down on neo gas and why/how it is a thing?
Volume is already dying lmao.
It isn't a dividend, it's just fuel for the network to run
Binance doesn't care where I live and doesn't ask
Can't believe these fuckers are so easily duped.
man shes old now
Doesn't matter.
>illegal
watch me give a shit
>delisted on most exchanges
>becomes impossible to trade
I'd give a shit.
Yes it does, literally nowhere does it say NEO is illegal to trade in the US or SK. The only people who believe this are salty eth/qtum bagholders... which one are you???
yeah because everyone will flock to the exchanges that are delisting coins based on gov't whims
Is it?
Bittrex has said that they have no plans to gib gas.
Been holding neo on bittrex for better of a year now.
Shame on me I know, but still.
>Hodl NEO
>???
>Get free GAS
Unless you're on Bittrex of course
t. Shlomo Shekelbergstein
oh no. I'm shaking in my boots.
someone give me proof in this thread that there is any legal issue with dividend crypto in the US or I swear to FUCKING GOD i will BUY 100k right FUCKING now
>storeofvalueblog.com
That might as well be the word of God and the SEC, we're all fucked now oh no
Actually read it and try to refute it, you can't.
will be still be posting varona when both she and us are in our 80's?
will we still find her banging then?
will we still want milkies?
Some guys blog said so
storeofvalueblog.com
This guy is literally just a Qtum shill, It's trading on on all US exchange,. I'm sorry but some neckbeards vlog doesnt hold priority in US law
Earning GAS? Seriously? What the fuck is GAS? It's not money, that's for fucking sure. I think you're full of shit.
Else every staking coin would be a fucking security and then you can say goodbye to Ethereum as soon as it becomes PoS
you can't trade stocks with dividends in the US?
That's news to me.
Doesn't matter.
Back to /pol/. The issue is exchanges being licensed, they aren't. Neo = mass delistings.
if the exchanges aren't licensed that would affect all crypto not just NEO...
You're full of shit
GAS isn't a security. It is a pure un-ICOed utility token. It has the same legal ground as pogs and confetti.
NEO is probably still a security for other reasons. Gas isn't one.
It's down on Bittrex because they're faggots who refuse to employ a developer for "reasons". Their contractor probably quoted them a fortune to support NEP-5 tokens so they're being pussies and demanding the NEO devs do their work for them.
Their attitude is cancer. They just just pay an ace dev like Binance does and cut him in for a share.
All cryptos don't meet the criteria of securities. How is it even possible to be this retarded?
Ahahaha, get fucked noNEO FUDer
Sounds like you're guessing that this might be the case, or do you have a source for this somewhere?
OP got shocked and served out of his own thread.
Coin base has a paper on crypto re: Howey Test. GAS is not a security by that because of air dropping other facets. So NEO isn't giving away anything the SEC cares about. That said NEO 100% is a security by 2 of the 3 criteria coin base published and is likely one by the scoring of the third criterion.
Nah
The nep-5 thing is conjecture based on their wallet closure awaiting developer contribution and a support ticket saying bittrex is optimistic that they can fix things with neo 2.6.0
>its illegal to trade a security
According to what law?
>based on the Howey test (taken from the post above)
>NEO meets the “Common Enterprise” criteria because of Gas. Gas is paid to all NEO holders, with the amount of payment proportional to the amount of NEO held, regardless of any action on the part of the NEO holder. As such, Gas is earned as a dividend from holding NEO. According to NEO’s whitepaper, “NEO token holders are the network owners and managers, managing the network through voting in the network”. This means that NEO most certainly meets the “Expection of Profit” criteria. Adding on to this, manual action is required outside of the network in order for the holder to get the benefit of the token. This is because the NEO team, and not the network, is solely responsible for policing its network of validators and if a validator misbehaves, the NEO team is responsible for suing the validator owner and revoking validator status. NEO is listed on Bittrex, Poloniex, and Binance.
So what happens when you get a decentralized exchange selling securities? In fact, I hope the SEC does crack down hard to spur further development in decentralized exchanges that they have no way of touching.
When the hell did we allow smarmy 11 year olds to post here? Underage b& when?
>t. audibly shitting bricks as he realizes this thread is not baseless FUD
Stop shilling your shitty blog faggot
Then hold it in a NEON wallet on a ledger... why wouldn't you already be doing that anyway?
Not mine dip shit.
Then how do you sell it? If no exchanges have it then it's worthless.
So basically,l NEO is going to skyrocket in value as it becomes harder to acquire. However, GAS is not a security by your very own definition as GAS does not generate anything it is simply used.
So essentially, US exchanges will only be able to legally sell GAS.
No, it generates GAS which is not a security by the very definition you use to consider NEO a security
>NEO is going to skyrocket in value as it becomes harder to acquire
You're clearly an astute investor. Can't get anything past you!
This. I expect NEO to actually increase in price in the short term if this becomes known as it becomes harder to acquire later on, as well as being the only way to produce GAS.
Sure it will become harder or impossible to sell, but you would be in possession of the few NEO available to people in your country.
This is extremely advanced bait. Yes, yes, Neo being impossible to buy/sell will definitely be a good thing. Kek.
>kikes
>stealing Gas
inb4 they rob the ovens.
You don't need NEO to use the NEO network.
You need GAS.
Thus, to use the NEO network you can buy GAS which is not a security.
In fact, this poses problem for Ethereum in the long run.
After all, wouldn't any PoS coin essentially be a security because it promises a % return every year?
Perhaps that's why Ethereum is delaying the transition from PoW to PoS because it would turn it into a security and make it illegal to sell on the exchanges.
Sure. Imagine there are machines that make money. And you're told they will soon not sell it to you or anyone else in your country anymore. You're sure to try and get them before it's too late.
Even if you can't sell the machines themselves they're still worth because of their money making capabilities.
I thought that was obvious?
QTUM is PoS, so wouldn't it also be a security?
VeChain is PoS, so wouldn't it also be a security?
The NEO Network divides itself into NEO and GAS.
Gas is not a security is it can be freely traded on all exchanges.
NEO is a security, however, many other smart contract tokens that are PoS could be considered a security too.
Thus, the smart contract platform that may end up winning would be NEO because people would be able to buy the GAS necessary to actually use it.
Seems highly hypothetical considering we don't value crypto this way, at least not yet. That's a huge "if" IMO.
Makes more sense, but that's banking on a lot of things working out the way you anticipate them to.
>QTUM is PoS, so wouldn't it also be a security?
>VeChain is PoS, so wouldn't it also be a security?
Being PoS isn't necessarily the only thing required to meet the criteria of a security, so I couldn't answer that.
NEO is simply delegated proof of stake, it is not much different than proof of stake. It would be silly for dPos to be a security and regular PoS to not be a security.
bump
Waves is dPoS
Can someone confirm the waves wallet is or is not in maintenance on Bittrex?
If not, then the premise of OP's argument is false, if a dPoS token is a security then all dPoS tokens must be set to maintenance mode.
The premise isn't that the wallet is disabled, it's that it's a security. The wallet being disabled is either coincidental or indicative that this is the case.
i saw her at my uni once. shes so fucking short like wtf
The argument is that if the waves wallet is not disabled, then it is not indicative of the securities issue being the case.
Wow I hate beautiful short girls that have huge tits too, gross!
Literally meaningless. Only a retard would consider this logical.
If they are being threatened with legal action because they hold illegal security trading, then it is logical that they would reconsider the trading of ALL coins with the same status.
Why are you being obtuse?
>If they are being threatened with legal action
You have no idea what you're talking about. No one said they were currently being threatened. Are you high?
OR
everyone moves to other shitcoin since you cant buy/sell that one. Suddenly its not money anymore. Have you thought about that one, smarty pants?
You do realize OP literally stated
>Wonder why Bittrex has disabled their $NEO wallet for almost a month now?
>Well Veeky Forums?
Are you admitting OP is a retard?
Precisely.
You're the one who has no idea what he's talking about.
What makes NEO so special that it's classification of being a security cannot be applied to the myriad of coins similar to it?
I give up with this guy
Doesn't mean they are currently being threatened, it could be in anticipation of there being legal repercussions down the road. First step is disable, second step is delist. Are you larping as someone with down syndrome or is it just a coincidence?
GAS will still hold utility. Thus it will still be valuable. Thus it will still be a sort of currency. Now I'm gone, keep at it kids.
>First step is disable, second step is delist.
Bittrex has been delisting a lot of coins lately. Its not too farfetched that they are delisting NEO desu.
she's like 24. Too old for you user?
So magically, NEO is uniquely a security despite working similarly to most other dPoS and PoS coins. Yet, all those other similar coins are not disabled.
At this point, it's questionable what your motives are if you insist on singling out NEO despite all other PoS and dPoS coins working properly on Bittrex.
>making the argument about it's status on bittrex
>not about it being an illegally traded security
I can't remember the name of this logical fallacy.
strawman
Wow, you're 100% a shill.
You have to be.
You keep ignoring the fact that other "security-like" PoS and dPoS coins are still working properly on Bittrex.
Thank you.
It's irrelevant if other ones are working, there could be a hundred reasons why that would be the case. It's meaningless.
>bittrex is disabling NEO because it's a security
>ignore the fact that many other security type coins are working properly
Those milkers are just perfect.
There is no possible improvement
...
Your blog is garbage btw
Really? I guess not then .
...
NEO isn't a security because holding NEO isn't like holding shares in a stock. It's still a cryptocurrency regardless of the fact that it generates another cryptocurrency when stored in a specific way.
Yep, there's not many cryptos that I can think of that would be considered an actual security. COSS would be one of the few ones that would qualify in my opinion.