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Julian Chandra 2021-03-28 15:31:20 -07:00 • committed by GitHub
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@ -111,8 +111,7 @@ export default function Home() {
<div className="content">
<h2>What’s the big deal?</h2>
<div className="content__subtitle">
The entire blockchain industry is at risk in the United States. Big tech and big finance would further
cement their control and many people could lose their jobs & livelihood!
The entire blockchain industry is at risk in the United States. Big tech and Wall St. would have more power and many people could lose their jobs!
</div>
<div>
<small>Warning / Enticement: this video is more entertainment than education, read the
@ -130,9 +129,9 @@ export default function Home() {
<div className="content__section">
<p>
In SEC vs. LBRY, Inc., the SEC is advancing an aggressive and disastrous new standard that would make almost all blockchain tokens securities.
The SEC is advancing an aggressive and disastrous new standard that would make almost all blockchain tokens securities.
<br/><br/>
The SEC is claiming that token sales are securities even after a network is decentralized and fully-functional. Because LBRY is still undergoing development, it wasn't a "finished product".
Classifying all blockchain tokens as securities will be a bureaucratic nightmare for all United States residents and businesses operating in the United States.
</p>
<div className="content__img">
@ -159,9 +158,9 @@ export default function Home() {
</div>
<p>
But technology is never finished! Under this new standard, almost any token is a security, even including the previously safe ETH (ETH 2.0 shows it was not "finished"). Classifying all blockchain tokens as securities will be a bureaucratic nightmare for all United States residents and businesses operating in the United States.
Under this new standard, almost any token is a security, including the previously safe ETH. The SEC additionally claim that token sales are sales of securities too!
<br/><br/>
This change will make it much harder for startups to form new blockchain companies, cause massive job loss, and stunt the development of a critical new technology. It will further cement the control of big tech and big finance.
This change will make it much harder for startups to form new blockchain companies, cause massive job loss, and stunt the development of a critical new technology. All the while, big tech and Wall St. prosper!
</p>
</div>