Warning gib. I was involved in a class action suit against someone similar to you who promoted a stock in a pump and dump scam. They guy had to pay back more than he made. Your cheerleading can get you in deep shit if this thing tanks and people can point fingers at you. There are 50 pages of you promoting this and claiming a million dollar per coin valuation. Best you stop promoting and just stick with discussing gains. Stop predicting future process.
Thanks El D - OK - it looks like I better address some misunderstandings here in relation to the laws relating to "pump and dump scams" (both for you and the Grinch), though I know you guys mean well with the your comments/concerns.
First, an many parts of the world, (and certainly where I am based) laws that exist relating to the pump and dump simply don't exist. There are many many examples of acts that might be crimes in the US, but not in other countries, and in the vast majority of cases US law enforcement has no jurisdiction beyond the US.
Second, the "class action" procedure you refer to is relatively unique to the US (although it does exist in some other countries). Basically they involve a law firm bringing an (often speculative) civil action against an alleged civil wrongdoer on behalf of a group of affected (and allegedly harmed) individuals. (This procedure does not exist in the jurisdictions where I am based either).
in any case though, the key basis for a class action related to a pump and dump scam, is that someone who owed a person a fiduciary duty (eg usually a broker or financial advisor) and that the party who owed the fiduciary duty acted in a manner blatantly contrary to that obligation. (So, for example you have one part of the business advising clients to buy, whilst the other part of the business was making money on the sale in a manner entirely contrary to what the client was being advised). The product typically used for this is typically a small cap "penny stock" with low liquidity as its easy to "manipulate". Not a commodity or a currency, for obvious reasons. So for many reasons it would be extremely far-fetched to suggest that a P&D scam is being committed with BTC. Given BTC's collective use as a store of wealth it would have to be the biggest and broadest P&D scams ever (except perhaps for gold). Oh, and good luck "suing" Santoshi Nakamoto lol!
I am in a fiduciary relationship with no-one here. Further I am not acting contrary to anything I have written either. I am stating facts and helping educate people about BTC (and helping correct people who have made incorrect statements).
There has never been a civil or criminal action brought for anyone, even in a fiduciary position, related to a crypto currency advice. And if one was ever going to be brought, I doubt it would ever be brought an anonymous person, on "getbig", who made comments on a bodybuilding forum to other "getbiggers". Seriously, Lol!!!
Even if one was ever to do a P&D scam using crypto, BTC would be the worst coin to use, (given its market cap and liquidity). Rather one would use a much lesser-known and smaller market cap crypto currency. But in any case, the first types of criminal actions we will see related to crypto, will be against classic pyramid schemes using crypto as a method of value (eg companies that promote some extreme rate of return for every bitcoin you lend to them). Next might be actions related to ICOs (many issues here). So again, lol lol lol at the "risk" of any action against a getbigger who provides facts and shares views on the validity of BTC on a discussion forum.
Further, whilst we might think we are "special" here on Getbig, the types of discussions we are having here a being played out on literally hundreds of thousands of forums worldwide. If we ever see any P&D action related to BTC, it will not be related to a discussion on GetBig. Again, LOL LOL LOL.
For the above reasons it is also nonsense to suggest that "this thread should be deleted by the mods". And quite apart from that, there are actually many laws and legal arguments that protect internet platforms from legal liability for the topics that its members discuss. (Basically the argument is that they are a technology platform that enable people to discuss topics, but they take not responsibility for discussion content, and that in any case the importance of protection the right of freedom of speech should prevail). And to the extent GetBig did have liability for content, I think there would be far far more content of other natures that would take priority in terms of risk, if you get my drift.
In any case, everything I have stated is factually correct (go back and re-read what I have written - some of you here I am sure will have observed how carefully worded and well-written all of my posts are).
So in summary, nope, there is nothing illegal about any of my content, and nope, I doubt any mod will delete this thread.
I hope this is helpful. Both those who "pro" BTC, "anti" BTC, or who simply want more information should feel free to discuss. And even those who have made actual (incorrect) predictions on price and said things that are factually incorrect can sleep well and need not worry
