4 ms·

Telegram was on a good path to become WeChat replacement, with its Telegram Open Network blockchain an Gram cryptocurrency coming and plans to add wide range of

by krcz 6y ago

Telegram was on a good path to become WeChat replacement, with its Telegram Open Network blockchain an Gram cryptocurrency coming and plans to add wide range of services including decentralized storage, web pages and payment channels. But now it looks that part has been killed by SEC, so the niche is still unoccupied.

foenix 6y ago
Do you have more info about being killed by the SEC? I'm curious about this because I was looking forward to a Western Competitor to WeChat.
- krcz 6y ago
  Sure: * TON blog: https://ton-telegram.net/news/telegram-and-sec-asked-to-speed-up-suitlaw/ https://ton-telegram.net/news/telegram-and-sec-asked-to-spee... * nice summary of how US securities law affected TON (from October 2019): https://davidgerard.co.uk/blockchain/2019/10/13/sec-blocks-the-telegram-ico-what-this-means-and-what-happens-now/ https://davidgerard.co.uk/blockchain/2019/10/13/sec-blocks-t... * verdict in the case: https://www.reuters.com/article/legal-us-otc-telegram/sec-wins-injunction-against-telegram-blockchain-launch-in-key-ico-case-idUSKBN21C3N0 https://www.reuters.com/article/legal-us-otc-telegram/sec-wi... Some investors are considering launching independent blockchain based on open-sourced TON technology. But even if they do, it's not clear when is Telegram going to integrate wallet with their app, if ever.
  - AVTizzle 6y ago
    Great summary. I'm very biased (active developer in Telegram ecosystem), but I'm having a hard time imagining Durov letting this SEC case stop him. Even if he has to return all the funds, I'm confident he will still push forward and bring TON and Grams into production. It's less of a straight path, but Durov's smart and stubborn - two valuable traits in this circumstace.
- deleted 6y ago
  [deleted]