We The People-United will Defend Crypto

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#1

The following is taken directly from the Defend Crypt website, "The SEC has been shaping the future of crypto behind the scenes with settlements that set a dangerous precedent and stifle innovation.

Kin is unwilling to let that happen and is setting aside $5MM in our Coinbase account to take them on in court.

But with the future of crypto on the line, $5MM might not be enough. That’s why we’re calling on others to contribute to the Defend Crypto fund."

Here is a link to a really good article from Laura Shin, Kin Launches $5 Million DefendCrypto Fund to Take on the SEC

I came across this Defend Crypto Op from an article by Helen Pratz on Cointelegraph, SEC Sues Kik for Conducting Allegedly Unregistered $100 Million ICO in 2017

Now I have copied the ETH and ETC addresses to their Coinbase account if you want to contribute or you can check their website for all the coins and tokens you can use to contribute.

ETH 0xa6f306743B6308C2cBB4bB41074812478dA7a0ae
ETC 0x509Dd1b4085E1cB234da1B74d80622893ac1d3EA

I personally think that the cryptocurrency community needs to come together and support this “operation”. #DefendCrypto #WeThePeopleUnited


#2

KIN are incompetent suckers who sucked all the money from the ecosystem into their centralized chat app for underage girls and drug dealers.

For once SEC is doing the right thing. Don’t help KIN, and organization funded by the wealthiest SV venture capitalists providing zero value to society. They have already raised $100M on ICO. How much more money do they need?

$100M! Unbelievable.


#3

You’ve been thouroughly brainwashed, @fhstralow. Think before you act, and make sure the thoughts are your own.

SEC is a beautiful force for decentralization. SEC is here to ensure that status quo with respect to investment rules and securities remains. If your coin is a security (read: centralized bullshit) they will find you, sue you and shut down your company, attempting to return as much to investors as possible.

This way SEC prevents the crypto ecosystem from profiting on making fake-decentralized apps like EtherDelta and Kin.

In case of Saturn, for example, they have no claim - everything is on-chain.


#4

I am glad that I have people like you @Neuron that have more knowledge about some of these major players or fraudsters and I appreciate your and respect your thoughts and opinions. On the surface the idea sounds great and I will admit I don’t know anything about Kik or Kin and should have done more research before posting anything. I don’t think I have been thoroughly brainwashed and I will agree I should have put a little more thought and research into my post. I don’t want the government, any government, the SEC in this case, trying to regulate the cryptocurrency community. I believe the community should regulate its self and call out the bad players. So, I probably should delete the post but I feel by leaving it up and telling others about my lessons learned that it could be a benefit to others to think and research everything before you post something or be ready to defend your position. I admit I am not to old to learn and I most certainly don’t know everything and I am not a cryptocurrency guru. So, thank you @Neuron and all the Saturn.Network Team for always keeping it real and explaining yourselves.


#5

On the surface the idea sounds great

it is your job as a citizen of the world to look beyond the surface

I don’t want the government, any government, the SEC in this case, trying to regulate the cryptocurrency community

Then you need to do better than look at the surface and repost. If you have given money to kik you have to realize that not only did you give money to billionaire fraudsters, and not only do you have less money now to spend on yourself, but you also didn’t help somebody else who needs this money more. There’s plenty of real cryptocurrency projects that are criminally underfunded. Give money to them, not to fucking kik.

That aside, I do believe that SEC trying its best to regulate the ecosystem is a good thing. It provides incentives to build projects that the SEC cannot regulate, such as Bitcoin or Saturn Network. These incentives both inspire entrepreneurs like ourselves and Satoshi, and also direct capital towards real decentralized projects.

The world is not black and white, @fhstralow. I don’t like how the government interferes with investment process either (i.e. it is legal to gamble in casinos but illegal to invest in startups unless you are an “accredited investor”). But if your opinion is to be worth its salt you always need to consider the alternative point of view. How do proponents of regulation justify their position, and, if you disagree with them, how do you use them to further your goals which you believe to be right?

So, I probably should delete the post but I feel by leaving it up and telling others about my lessons learned that it could be a benefit to others to think and research everything before you post something or be ready to defend your position.

Absolutely you should keep it! There is no shame in being wrong, there is shame in not learning. I admire you for voicing your opinion and standing your ground when you believe you are right, and being able to change your opinion in light of new facts.

Keep being awesome my dear friend.