Hello Hive users, I'm going to present you a bit of a scary, a little worrying news. It is true that we are both excited and worried about the future of cryptocurrencies. I wouldn't want to write a pessimistic article in my first post. But this news caught my attention.
SEC could jeopardize future of all cryptocurrencies
Mati Greenspan, founder and chief executive of Quantum Economics, warned that by fighting the SEC's decentralized content sharing and publishing protocol, LBRY, all kritpo currencies were jeopardizing their future.
Mati Greenspan, founder and chief executive of Quantum Economics, warned that by fighting the SEC's decentralized content sharing and publishing protocol, LBRY, all kritpo currencies were jeopardizing their future.
Greenspan noted that the SEC's move against LBRY could kill the crypto sector if the courts rule against LBRY.
“If the court sides against LBRY, the future of all cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), will be in jeopardy.”
Quantum Economics ' CEO argues that the attitude taken in the case against LBRY is a very liberal interpretation of the Howey Test:
"To say that LBRY loans, the essence of multifaceted programmable money, are indistinguishable from your traditional investment vehicles, is an extremely subtle extension of the Howey test that the SEC continues to use as its primary weapon in its fight over digital assets.”
Grenspan also thinks that if LBRY loses in court, only stablecoins can survive the regulations:
"A negative decision can make it easier for any project that uses crypto tokens to disappear. With the exception of DeFi, NFT, smart contracts and possibly stablecoins, almost everything will be on the target board.”
Hello, @etimesgutlu This is @macchiata from the @OCD team. We saw that you already posted your first post here in Hive! Congratulations and welcome! it would be awesome if you do an introduction post. As a sample of what an intro post is, you can refer to this intro post for reference:
Keeping Up With the Buzz - My Introduction to the Hive Community
There's no specific format on how you do your intro post, but there are some suggested content that we would love to see in your post. Information like who are you and where you're from, how did you discover Hive or who invited you, what types of content you want to see here and the types that you want produce, and what are your expectations in this platform. There's no pressure on this. You can choose on whatever information you would like to share.
If you have questions, you can hop into OCD's Discord server and we'll gladly answer your questions. For now, @lovesniper will follow you and we are looking forward to your intro post!