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Calm down folks, Coinlist is not for you (and not for me): https://coinlist.co/about/help/investors/2 https://coinlist.co/about/help/investors/2 They require

Calm down folks, Coinlist is not for you (and not for me): https://coinlist.co/about/help/investors/2 https://coinlist.co/about/help/investors/2 They require you to be an accredited investor. For those who don't know what it is: It's the single biggest reason why rich become richer and the rest stay the same. In short, you have to have at least $200k yearly income (per individual) or $1M liquid net worth in order to be an accredited investor according to SEC. I hate so much this regulation! Just because of some retarded voters can't realize risks they taking, the rest must be out of all sweet deals angels and VCs are making. What the government tells you: stay where you are or invest in crappy index fund and it takes you about 23 years to get $1M if you invest $1000 each single month and every single year index grow 10% which never happens by the way. I'm so so glad that first time in history the government forgot to put their heavy hand and I had a chance to invest in Ripple before Google Ventures did. So now, for the first time in my entire life, I'm enjoying the same rate of grow as Google Ventures and Andreessen Horowitz. So folks enjoy the crypto-party, dance till music stops! It won't last long before the government with support from leftists impose new regulations when a few retards lose their money in obviously scammy ICOs.

stupidhn 9y ago
I love how you believe that the government is standing in the way of you making a fortune investing. That's precisely why the laws exist. How quickly we forget average peoples buying million dollar homes without understanding the basics of interest rates.
- hal9000xp 9y ago
  > How quickly we forget average peoples buying million dollar homes without understanding the basics of interest rates. If they are so stupid to buy a million dollar home without even having income (NINJA loans), it doesn't mean I must be out of all possible deals I can make. And yes, by sharply increasing the barrier of entry, the government effectively standing in the way of me of making a fortune! I'm not saying that I definitely make a fortune if there is no such requirement. I'm saying my chances would be significantly better (by the way, it doesn't imply that chances would be big, it's would be just better). Unlike leftists, I never asking any help from the government. I never dare to think that rich owe me money! I never dare to blame the government if I lose my money in risky investment! May be I'm sound aggressive but unlike leftists I'm super peaceful since I don't think anybody owe me anything! I just want the government leave me alone.
  - zeptomu 9y ago
    > Unlike leftists, I never asking any help from the government. I never dare to think that rich owe me money! I never dare to blame the government if I lose my money in risky investment! I do not agree that denying help from others is a virtue. Let's say you have health issues and need medical treatment that costs thousands of dollars, but you don't have them right now because of life circumstances. Wouldn't you agree that you would benefit from a government that pays for your medical treatment? Or would you just say "Oh bad, didn't consider that. My fault, that I am fucked now. Well. That's life."
  - jcfrei 9y ago
    I'm assuming US regulation is not much different than Swiss regulation here but nobody is ultimately stopping you from investing in those companies. You can invest in any company you like and as much as you like it's just that you can't do it through an intermediary like coinlist. But if you ask the founders for shares they could offer you as many as they like. It might not be worth the extra work for small investments but it's not impossible for you to invest. The purpose of such laws isn't to keep out small investors from lucrative deals - VCs would profit the most if small investors could participate as well and massively drive up the price. The intent of such laws is to create a more thorough funding process which makes financing rounds less lucrative and less likely to succeed for scammers.
pmorici 9y ago
Google ventures bought a share of ripple labs. Sounds like you sunk money into useless and worthless ripple coins which are currently in a pump and dump due to there low float and majority control by a few insiders. You are invested in the penny stock of cryptocurrencies. I hope it ends well for you but I doubt it will.
- hal9000xp 9y ago
  > useless and worthless ripple coins https://ripple.com/files/xrp_cost_model_paper.pdf https://ripple.com/files/xrp_cost_model_paper.pdf
  - pmorici 9y ago
    Can you find anyplace in that doc where it shows an individual being able to send ripple. It's a banking platform unless you are a bank xrp has no value.

stupidhn 9y ago

I love how you believe that the government is standing in the way of you making a fortune investing. That's precisely why the laws exist. How quickly we forget average peoples buying million dollar homes without understanding the basics of interest rates.

hal9000xp 9y ago
> How quickly we forget average peoples buying million dollar homes without understanding the basics of interest rates. If they are so stupid to buy a million dollar home without even having income (NINJA loans), it doesn't mean I must be out of all possible deals I can make. And yes, by sharply increasing the barrier of entry, the government effectively standing in the way of me of making a fortune! I'm not saying that I definitely make a fortune if there is no such requirement. I'm saying my chances would be significantly better (by the way, it doesn't imply that chances would be big, it's would be just better). Unlike leftists, I never asking any help from the government. I never dare to think that rich owe me money! I never dare to blame the government if I lose my money in risky investment! May be I'm sound aggressive but unlike leftists I'm super peaceful since I don't think anybody owe me anything! I just want the government leave me alone.
- zeptomu 9y ago
  > Unlike leftists, I never asking any help from the government. I never dare to think that rich owe me money! I never dare to blame the government if I lose my money in risky investment! I do not agree that denying help from others is a virtue. Let's say you have health issues and need medical treatment that costs thousands of dollars, but you don't have them right now because of life circumstances. Wouldn't you agree that you would benefit from a government that pays for your medical treatment? Or would you just say "Oh bad, didn't consider that. My fault, that I am fucked now. Well. That's life."
- jcfrei 9y ago
  I'm assuming US regulation is not much different than Swiss regulation here but nobody is ultimately stopping you from investing in those companies. You can invest in any company you like and as much as you like it's just that you can't do it through an intermediary like coinlist. But if you ask the founders for shares they could offer you as many as they like. It might not be worth the extra work for small investments but it's not impossible for you to invest. The purpose of such laws isn't to keep out small investors from lucrative deals - VCs would profit the most if small investors could participate as well and massively drive up the price. The intent of such laws is to create a more thorough funding process which makes financing rounds less lucrative and less likely to succeed for scammers.

pmorici 9y ago

Google ventures bought a share of ripple labs. Sounds like you sunk money into useless and worthless ripple coins which are currently in a pump and dump due to there low float and majority control by a few insiders. You are invested in the penny stock of cryptocurrencies. I hope it ends well for you but I doubt it will.

hal9000xp 9y ago
> useless and worthless ripple coins https://ripple.com/files/xrp_cost_model_paper.pdf https://ripple.com/files/xrp_cost_model_paper.pdf
- pmorici 9y ago
  Can you find anyplace in that doc where it shows an individual being able to send ripple. It's a banking platform unless you are a bank xrp has no value.