[sillysaurus3]

But it's not in their reply. That's not at all what they said:

It's our view that the SEC part won't be what pushes us over the edge. 100% what we're doing is not legal, it's in our business plan. SEC won't care if investors are OK, yes. But if investors are OK, they won't be filing complaints and there will be less pressure to go after us. Not a defense! Just a delaying factor. Prosecution isn't free. Far easier to shut down ICOs that aren't operating as proper anonymous extrajurisdictional companies. They can go after us, but it's a terrible ROI for them.

It's important to represent your opponent accurately. He's saying his biggest threat is law enforcement, not the SEC. And that makes sense: once he starts making headlines, which government entity will be the most motivated to catch him? The SEC, or the FBI?

At no point did he insinuate that he could avoid SEC scrutiny by being nice.

[KGIII]

> ... SEC won't care if investors are OK, yes.

I'd say that's them saying they believe they are impervious so long as they are nice.

He's not my opponent, I feel sorry for him, not that he's my enemy. I feel that's a very accurate representation of what he said.

And no, really, not my opponent. I don't have a nickel invested in any cryptocurrency or ICO. I don't mind if you do, but it's going to suck if you lose your money - or, worse, end up going to jail.

[sillysaurus3]

Ha, no way. I like keeping my money away from potential fraudsters. But it's intellectually interesting that he could change the world with his plan.

[the_stc]

> ... SEC won't care if investors are OK, yes.

Hastily written comment! Should read:

> SEC won't care whether investors are OK

I am admitting it is irrelevant as far as legality goes. My point is that if investors are not being defrauded then it lowers our priority. If we defraud investors then they will complain to the SEC and make us a higher priority.

And for all, it is besides the point. We must have strong opsec and technical measures or we fail.

[KGIII]

Just to be clear, I don't have any judgment about the morality, nor any personal complaints with your funding.

Given my druthers, and with the knowledge I have on the subjects, I'd say that I wish what you were doing we're legal.

That said, you seem like a nice enough person with some intelligence. OpSec or not, I'd really not like to see anyone from HN end up in prison. You can do what you want, it's your life, but going to prison sucks.

Long story short, I paid for my education by spending eight years in the Marines. Yeah, I'm old. I was nearing the halfway point to my last four year commitment and things were changing in motor pool.

I was a light-medium vehicle operator. I also had my security clearance. I'd driven staff vehicles and done embassy duty. So, they sent me back to school and my MOS was changed.

My new job was being a transportation officer at a detention facility. Basically, I drove the accused and convicted inmates to court, medical appointments, and other things as needed. I worked in the brig. I worked at a prison.

They are a lot less rapey than they are in the movies. Many of the detainees developed a mental illness while enlisted or slipped through the testing and managed to enlist. Prison is largely an exercise in learning to get really good at doing nothing while time seems to move slower than anywhere else.

It's horrible. There is nothing good to say about it. That was a military prison, ten times better than a civilian facility. It's loud, dirty, smelly, and violent. It is stressful and your agency is stripped away. Your only friends will be other convicts who are not, in fact, incarcerated for jaywalking. You will be told when to sleep, wake up, eat, drink, move, stop moving, sit, stand, and lay down.

You can do what you want, but it's important to know that prison sucks. Who knows? Maybe you'll get away with it? Given the nature of your offenses, and assuming you don't hurt anyone, I'd rather you get away with it than go to prison.

Why? Because I've seen what it does to people. I'd absolutely not wish that on you.

Good luck!