It is only 20 days and you have already pivoted away from what you told investors you were doing. There are rules to make sure people are accountable for things like that. It is the SEC’s job to enforce those rules. I don’t think I’m being clever. I didn’t invest and thertefore can’t go to them and am clearly not threatening to. I am advising others to do it if you refuse to refund them. Which is absolutely the right course of action, since you lied to them about what you would do and how you would do it.
Lol, that is not the same thing at all and you know it. You touted your project on the foundations of SAFE. It is their security and systems that investors put trust in, not your own SAFEnet version. You really are very naive. The SEC will take one look at your attempt to get around the rules with sub $1 tokens and they will jump on the chance to make an example of you as you token is indeed a security by their recent classifications.
I really don’t think you have any idea how regulation works, no one complained to the SEC when maidsafe switched, regulation comes in response to complaint. I suspect they will get a number of complaints about this and I can see a lot of reasons for them to pursue it.
SAFE isn’t doing any reporting back… YOUR investors will be because you lied to them and then refused to refund them. This has nothing to do with maidsafe, it is just about YOU. They will report you for deceiving them, or at least, I certainly would if I was one of them.
Sued? Eh, you do understand that this is the SEC, not someone suing you privately with lawyers yeah? I feel like I’m talking to a 12 year old here. Do you have any idea how the real world works? No one is talking about calling a lawyer, no one needs to do that.
This just gets funnier as you reveal more and more about how little you understand.
The SEC will come after you for not registering as a security but offering equity payouts for your investors. They will take one look at your $1 max toekn system and jump all over it because it is very obviously a way to circumvent regulation, which regulators hate.
I worked with regulators for a decade in the gambling industry, you have no idea how it works, you seem to think someone is going to sue you… you are in for a shock if/when people do contact them. Your is exactly the kind of project they would like to make an example of… an unregulated exchange that will pay dividends to investors and is run by a couple of kids with no real experience… lol.
@tonbi Can you confirm you are creating your own network or at least not using SAFE and if so perhaps the @moderators can move this to related projects or similar.
I feel like a bit of a fool for investing, but I’m typing this with a big smile on my face. I guess it was worth it for the entertainment and the lesson learned. LOL!, as you young people say.
The escrows are all a pretty smart bunch. That was part of what gave me confidence in this project in the first place - that and it being built using SAFEnet… I find it hard to imagine that they could read this thread and not side with investors who want refunds.
I feel bad for having been vocal in supporting the project when BIGbtc was pointing out the dangers at the very start (I’m big enough to admit when I was wrong, sorry @BIGbtc).
What you don’t understand is, I don’t feel like a fool for losing a bit of money. As long as there is fish in the sea and my chickens are ok, I’m good. I feel like a fool for the act of investing. I rushed. I didn’t study enough.
I will gladly take Maid or BTC (or anything with value) for NVST. Please let us know how you propose it will work. Using the counterparty dex is a pain in the ass.
LOL!, as you young people say.