SEC started cracking down on crypto currencies

[susli]

https://www.wsj.com/articles/sec-launches-cryptocurrency-probe-1519856266

 

The fact that they are being very vague whether some crypto offering can be considered as securities gives them a lot of power. They can virtually take over any company and foreclose their assets involved with ICO or ICO-like offerings, which is scary. People don’t like regulation but right now it is precisely the lack of regulation that gives them the ability to abuse their power.

Edited March 1, 2018 by susli

[Zedy44]

I started doing a little research on all these ICO's that happened over the last several years.  A scary amount of them were flat out scams to defraud millions of dollars from unsuspecting investors.  There were also plenty of cases where intentions were good, but development teams completely walked away from their projects essentially defrauding millions from early investors with zero recourse because ICO's and the underlying digital assets are entirely unregulated.

I'm 100% for regulating the **** out of digital assets.  The SEC isn't stupid.  They aren't going to stall the growth and evolution of the real tech companies wielding blockchain products and digital assets.  Remember it's all a money game anyways.  Doesn't matter of it's a stock or a digital asset.  Everyone wants to make money so the system has to appear fair on the surface to attract common investors and the game can't be a complete scam or else the big money from FI/banks won't step in and play either.

Regulation and clarity is the best thing that can happen for digital assets going forward.

[Guest]

personally i think 99% are scams, intentional or not -- they are all pyramid schemes until there is some feedback loop established that pumps value back into the asset (i.e. a use case) beyond pure speculation aka gambling

Edited March 1, 2018 by Guest

[DKleijer]

One of the succesfull ICO(100 million dollar) of 2017. I expect this Kin coin network to be one of the big suprises of 2018. >> https://kinecosystem.org 

 

[JBW]

1 hour ago, DKleijer said:

One of the succesfull ICO(100 million dollar) of 2017. I expect this Kin coin network to be one of the big suprises of 2018. >> https://kinecosystem.org 

 

That is because you invested in it you believe it is a winner. I invested in Cashaa and I believe it is a winner  we will see, most likely we both win

[ZeeperCreeper]

.

Edited April 7, 2018 by ZeeperCreeper
because

[DKleijer]

2 hours ago, JBW said:

That is because you invested in it you believe it is a winner. I invested in Cashaa and I believe it is a winner  we will see, most likely we both win

Offcourse... But take a look... Kik app >>> 300 million registred members, 15 Mill active users already... Large uger base to start with 

[Mpolnet]

4 hours ago, DKleijer said:

One of the succesfull ICO(100 million dollar) of 2017. I expect this Kin coin network to be one of the big suprises of 2018. >> https://kinecosystem.org 

 

I agree with you on Kin - I too think it's undervalued at it's current price. Some catalysts I see that propel the price forward are additional exchange listings, which leads to the second catalyst of increased liquidity. Additionally, the company Kik was valued at $1B at it's last traditional financing round where Tencent invested. Given this valuation, and given that Kin is expanding into more than just Kin, I would argue Kin's network should be worth more than Kik's networks at $1B. 

They also have a solid team of developer's (one of the largest one's in this space besides Ripple's). While I don't think the developer team is as strong as Ripple's, it's significantly stronger and more legit than 95% of the projects in the crypt sphere. Furthermore, they have some pretty legit companies invested in them and backing them to succeed. If I recall correctly roughly 3T of the total supply will be used R&D and marketing costs so in my view we can reduce the total supply of 10T to 3T bringing us to an effective total supply of 7T over the course of the supply schedule coming to an end, which is over the course of a few decades from my understanding. 

Lastly, I am huge fan of Charles Noyes and have a tremendous amount of respect for him and the work he does. The guy is wicked smart and does bug bounty programs for fun. He works for Pantera Capital, which is a respected hedge fund in the industry. Pantera is invested in Kin and I'm going with the assumption that Charles and the team thoroughly reviewed the code and strategy (if not helped assist in coming up with a strategy) for Kin to gain adoption. Side note: Pantera is also an investor in Ripple, which gives me confidence in their decision making. 

All of these factors coupled together make me bullish on Kin for 2018 and going forward.

[Toroth]

1 hour ago, DKleijer said:

Offcourse... But take a look... Kik app >>> 300 million registred members, 15 Mill active users already... Large uger base to start with 

Seems everyone already forgot about what happened to Bitconnect.

[Mpolnet]

40 minutes ago, Toroth said:

Seems everyone already forgot about what happened to Bitconnect.

What is your rationale behind making this comparison? Why do you think one platform is an accurate comparison to the other?

You can't compare an apple to an orange because they aren't the same product. Just like you can't say that Apple will fail b/c Valeant Pharmaceuticals failed. One is a tech stock while the other is in biotech therefore they are not comparable. 

I'm curious what similarities you've found between Bitconnect and Kin that allow for a comparison between the two platforms as if they are comparable to one another?

Edited March 1, 2018 by Mpolnet

[Toroth]

@Mpolnet 

It was in regards to your comment on the number of users and members, nothing more. I'm sure Kin is completely different and perhaps it is legit but I, personally, find it unwise to put my money into any of these new coins coming out. Just leaving my money on XRP and nothing else.

[Mpolnet]

19 minutes ago, Toroth said:

@Mpolnet 

It was in regards to your comment on the number of users and members, nothing more. I'm sure Kin is completely different and perhaps it is legit but I, personally, find it unwise to put my money into any of these new coins coming out. Just leaving my money on XRP and nothing else.

That's totally fair - I apologize if my earlier comment came off as an attack, it was definitely not haha. I just wanted clarity on your thought process. Who knows maybe you had found something I overlooked.

Given the stage of the crypto industry I don't think your investment strategy is a bad one. XRP is by far the most legit crypto asset out there and if I only had the choice of picking one I would have to go with XRP. 

Thanks for the clarity - apologies again if my response came off the wrong way.

[cannylad]

Can't believe that piece of *&^%(*^%(^&%(&^%(^&%(&%  is $3:14 on cmc, how the hell can it be