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> It may sound crazy ... I don't offer an opinion on your business methods, recovery methods, or even the morality. Instead, I point out that you're going to
by KGIII 9y ago
> It may sound crazy ...
I don't offer an opinion on your business methods, recovery methods, or even the morality.
Instead, I point out that you're going to go to prison. As noble as you think your cause, they most absolutely will not care. Also related: I'd not count on jury nullification.
You do what you've got to do, but you are going to prison if you follow up on this plan. There are a few things one shouldn't play with; firearms, nuclear weapons, and the SEC.
If you're okay with long term incarceration and fiscal penalties that could bankrupt Bill Gates, knock yourself out. If you can be tied to your online messages declaring intent, it's really going to make for an angry judge. I've seen angry judges, they remind me of honey badgers.
Seriously, I highly recommend you seek legal council from a qualified legal professional licensed to practice in your jurisdiction. Morality and consumer complaints aren't actually things the SEC care about. They are only marginally less aggressive than the IRS.
- QAPereo 9y agoPrison will be unfortunate, but it's the felony record that will really end his professional life.
- the_stc 9y agoI never suggested morality will prevent a judge or jury. Just that doing fewer bad things results in fewer complains results in less likelihood of spending prosecutor effort on us. But probably when our share price hits $25+ we'll be big enough that someone will decide to go after us for real. If our opsec fails, I'll end up in prison, very probably. That's what contingency plans are for: the project can keep operating without me. Meanwhile that's going to take a ton of effort and time, so I can the project to a point where I'm not vital. Lawyers opinions are the same. No lawyer will advise their client to be the founder of an illegal enterprise. This is not much of an insight. Other than that, most lawyers are not capable of assessing opsec risk.
- mindslight 9y agoOooh prison. From what I understand, most revolutions usually involve people just dying. Granted, the customary prize is obtaining power for yourself, rather than spreading most of it around by creating a new decentralized Schelling point. At any rate, don't you think it's a bit useless to tell someone determined to obviate the government to go ask a government agent for advice?