I may sound insensitive here. However i personally hope you all end up in prison. Some of you will but alot more should end up there and i'll tell you why. When i created bitcoin myk. what did i say?
i said bitcoin myk is totally free to bitcoin users. I said we'd use social media profiles and the bitcoin ledger to drop parallel everyone's tokens to them that hold bitcoin free. Also the system allows for anyone who holds bitcoin at any time to move that represented value into bitcoin myk without touching your bitcoin. I meant it as an overlay so that it didn't dilute bitcoin and that it didn't act as an unregistered ico, money raising mechanism or any product where there was expectation of profit which is why we give it to everyone free. Currencies aren not assets.
I'll say it again we don't typically expect to get rich from a currency we use it. if the currency has nore value or more buying power it is incidental to the currency not the general purpose idea. I know 90% of you can't understand that if you did you wouldn't be putting your money in these unregistered securities. Yes i think hive is an unregistered security and you all in violation making things worse because you invest in it as an asset expectating profit so you violate the howey test. You all either don't read nor care.. or are ignorant to how this works.
I personally think bitcoin myk is the only way out for hive. It's only salvation to be honest. I like the structure of what feels like free transactions although we know they aren't really free. I still like that i find some use in it. That's about it. The problem is this unregistered security and bad security protocol of like 30 guys running the network is hardly decentralized. That's why Vitalik has such an issue with you all.
Ethereum is much more decentralized as well as their foundation and would still even on a pos model be more decentralized than hive. A ton more. So what happens is we get sucked into even if it's not it feels like this pyramid ponzi scheme here we call hive.
The money goes into a great wealth centralized funnel. It's horrible.. the people are ignorant. The only way to save this on hive is bitcoin myk or you can just go some place else. However just be warned. I don't think under the howey test there is any way in hell you can convince Gary Gensler hive is not an unregistered security. I've spent many many years on wallstreet working for investment banks.
I"m not one of these hive people who think they understand the economy. I know what i'm talking about. I"m tell you all you barking up the wrong tree. Bitcoin is certainly the closest we can get to decentralization right now and yes i'd get behind bitcoin is not a unregistered security but it's just a poor money. Bitcoin MYK i'm telling you and i could prove this to you everyday and i'll say about within 10 years either most will agree with me join bitcoin myk or create something better. I"m telling you bitcoin is a poor money. If it's a commodity it's constantly being diluted by other cryptos like hive in a small market. I think the clock is ticking until everyone just goes well i'm tired of bitcoin branding. that can happen for lack of bitcoin's efficiency that's just the way it is.
I know it can because it already happen with me and i just created a much better version of it. i didn't dilute it. I feel i make it better and will bring in new money and new markets and they'll trade bitcoin against bitcoin myk. However everyone else with the exception of maybe super high fee crappy ethereum is worse crap than ethereum. What a bunch of crap. Nobody can prove there is a crypto better than bitcoin myk. I'd argue everyday and prove you wrong. your argument would fail everytime to the general public i guarantee you. I guarantee you after an argument that bitcoin myk is way better than bitcoin. i guarantee you anyone listening to that debate would leave that debate at the very least questioning in a great deal bitcoin.
RE: Be Careful of Shilling Unregistered Securities