Back to my roots

Very pleased to catch up with Adam B. Levine, Stephanie Murphy, and my good friend Jonathan Mohan on the original (and still best) Bitcoin podcast, Let’s Talk Bitcoin, for the first time since 2014. Very pleased to be back on @LTBNetwork chatting with @GamerAndy, Stephanie Murphy @JonathanMohan this week. https://t.co/1GH4sWR6Pp — Preston Byrne (@prestonjbyrne) June 17, 2018

Ether is not a Security?

 Not your lawyer, not legal advice. Following my post Whether Ether is a Security, in which I agreed with Gary Gensler’s assessment that Ether is probably a security, and Ether was (probably) a security, in which the WSJ leaked that regulators did in fact consider Ether to be a security, SEC director William Hinman announced today that it is his view that Ethereum is likely not a security – although it may have been one in the past. This has been received by the market as semi-official opinion of the agency, as it should be. In practice, I suspect this means that…

If ETH Isn’t a Security Then Nothing Is

Originally posted on Mechanical Markets:
Ethereum tokens (ETH) are often considered commodities but not securities, like Bitcoins. [1] But I think that ETH meets any common sense definition of “security” and that the ETH ecosystem needs to be closely examined by securities regulators. I’m not a lawyer, and not the right person to be making this argument, but it seems important and urgent — so I hope you’ll forgive any errors. [2] Ethereum’s Announcement The Ethereum Project was announced on the bitcointalk.org forum in January 2014 by cofounder Vitalik Buterin. The announcement solicited “investors and evangelists” who would be protected…

Is It *Really* Impossible To Get A Gun License in NYC? (Part VIII — Appeal to N.Y. High Court)

Originally posted on Professional Troublemaker:
This is the eighth installment of a series documenting an ordinary New Yorker attempting to exercise his Second Amendment rights: Part I (license application), Part II (application rejected),Part III (the lawsuit), Part IV (appeal filed), Part V (appellate briefing complete), Part VI (N.Y. Appeals Court Not Interested in Ending NYPD Corruption), Part VII (Corruption? You Can’t Prove It!). ? The U.S. Supreme Court has made pretty clear that a “total ban” on any particular gun right is unconstitutional.  They seem to be pretty clear that it doesn’t matter whether the total ban is only on the carrying of weapons, or on all ownership, or even on certain…

Ether was (probably) a security

This is a follow-up from my post last week titled “Whether Ether is a security.” Turns out that Ether very probably was a security, per this morning’s report in the Wall Street Journal: A conversation I've had hundreds of times since 2014: Dilettantes: "Ether isn't a security, it's cryptofuel"Me: "You're wrong" Welp pic.twitter.com/fSmaLHHH8Y — Preston Byrne (@prestonjbyrne) May 1, 2018 Looking forward to writing the follow-up, “Ether is a security,” in due course, although I will not be able to write it until such time as a federal judge has a chance to weigh in on the matter. Until next time, then.