Bitcoin (BTCUSD)

[mudpuppy]

the first nail in the coffin of the decentralized, anonymous crypto currency phenomena was just hammered in today by the SEC. Any sober reading of this article will prove that, if you can see thru the nonsense of the author suggesting it is good for crypto. HOwever it will be good for centralized, non anonymous blockchain tech.

http://www.zerohedge.com/news/2017-07-25/sec-cracks-down-initial-coin-offerings-concludes-tokens-are-subject-securities-laws

the fact that this sec ruling came out just as wave 3 down begins...is no coincidence, imo.

Notice how the sec redefines such terms as a 'security' and then goes on to encompass all 'virtual' transactions within its scope, including virtual organizations. Just as a corporation was given the same status as a person, now virtual things are given same status as real things under the 'law'.