Viewing a response to: @yintercept/re-cryptopiotr-re-yintercept-re-neavvy-running-security-token-on-polymath-is-it-a-revolution-tutorial-included-20181208t165847526z
Wow, indeed you are knowledgeable @yintercept. Thank you for sharing with us :) > What happens if you sell a security without a license is the SEC confiscates all of your property and you get thrown in jail. 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
| author | neavvy |
|---|---|
| permlink | re-yintercept-re-cryptopiotr-re-yintercept-re-neavvy-running-security-token-on-polymath-is-it-a-revolution-tutorial-included-20181211t155157082z |
| category | crypto |
| json_metadata | {"tags":["crypto"],"users":["yintercept"],"app":"steemit/0.1"} |
| created | 2018-12-11 15:51:57 |
| last_update | 2018-12-11 16:00:48 |
| depth | 4 |
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| root_title | "Running Security Token on Polymath - is it a REVOLUTION? (tutorial included)" |
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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.
| author | yintercept |
|---|---|
| permlink | re-neavvy-re-yintercept-re-cryptopiotr-re-yintercept-re-neavvy-running-security-token-on-polymath-is-it-a-revolution-tutorial-included-20181211t183610036z |
| category | crypto |
| json_metadata | {"community":"busy","app":"busy/2.5.6","format":"markdown","tags":["crypto"],"users":[],"links":[],"image":[]} |
| created | 2018-12-11 18:36:30 |
| last_update | 2018-12-11 18:36:30 |
| depth | 5 |
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| root_title | "Running Security Token on Polymath - is it a REVOLUTION? (tutorial included)" |
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Thank you for your reply @yintercept > The SEC has antiquated security laws. 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. > If people could start trading with real world securities, we could change the world. Indeed, this opens up unimaginable possibilities. Cheers, Jan
| author | neavvy |
|---|---|
| permlink | re-yintercept-re-neavvy-re-yintercept-re-cryptopiotr-re-yintercept-re-neavvy-running-security-token-on-polymath-is-it-a-revolution-tutorial-included-20181215t100057171z |
| category | crypto |
| json_metadata | {"tags":["crypto"],"users":["yintercept"],"app":"steemit/0.1"} |
| created | 2018-12-15 10:00:54 |
| last_update | 2018-12-15 10:00:54 |
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| root_title | "Running Security Token on Polymath - is it a REVOLUTION? (tutorial included)" |
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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.
| author | yintercept |
|---|---|
| permlink | re-neavvy-re-yintercept-re-neavvy-re-yintercept-re-cryptopiotr-re-yintercept-re-neavvy-running-security-token-on-polymath-is-it-a-revolution-tutorial-included-20181215t173834297z |
| category | crypto |
| json_metadata | {"tags":["crypto"],"app":"steemit/0.1"} |
| created | 2018-12-15 17:38:33 |
| last_update | 2018-12-15 17:38:33 |
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| root_title | "Running Security Token on Polymath - is it a REVOLUTION? (tutorial included)" |
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| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 76,885,693 |
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