hello guys;
past 30 days chia team sold 150.000 chia
basic math 150.000 x 13 = 1.950.000 usd
my question is,
is that legal? wich exchange they used? sold price?
did they pay tax ?
what sec say about that?
can we do anything about that?
i am not familiar to US law. Sitting with my hands tied is driving me crazy. I can’t stand it anymore.
If a lawyer says that the law can help us(or sec), we can all set up a fund and pay the lawyer together, right?
and the lawyer would do what exactly?
no surprise this coin isn’t going anywhere with users like this…
Yes, I’m here.
I was always troubled by CNI acting against what was published in their white paper. We don’t know what the SEC has said to them regarding the sales of the pre-farm.
What you are describing sounds like a consumer class action. It will be difficult to find a law firm to explore a viable cause of action for several reasons that I’d rather not post online.
Personal opinion - it’s worth the risk getting slapped with a fine later. Relatively speaking, it’s not even a top 100 coin, and even if SEC goes after them, it’ll be a 10 million dollar fine or similar peanuts amount.
Plus this could be a political gamble. Not to get too much into US politics, but one of the candidates is running a cryptocurrency heavy platform - this could be calculated.
It’ll be interesting to watch CNI’s gyrations trying to sell a million coins at a shot when Chia is a penny coin, (personal prediction summer/fall of 2025). When CNI go completely tits up, I’d like to see a coalition of outside developers & farmers take over the coin, do a hard reset to a new coin and see what can happen to this blockchain once the prefarmites and their abominable greed levels have been cleansed from the chain.
Most block chains that fail do not have a corporation behind it that issued a whitepaper who then turned that document into a running joke. I suspect there could be numerous lawsuits launched from individuals in various countries against not only CNI but its directors.
How long does the World Bank and the Carbon Credit partners want to be tied to CNI as they fail spectacularly and tarnish the coin that the blockchain runs on by millions of dollars each month??
CNI is probably aiming to get their IPO out before the coin completely collapses.
And what makes you think that either underwriters or feds will let a failing company to go IPO? All stats are down, there are no business partners, no VC is willing to touch them.
Most likely they are just waiting right now to get VCs out of their hairs, so they can do a run on the pre-farm.
Suck shit. You were warned by just about every mining YouTube channel in existence to not invest in a cryptobusiness with a prefarm.
Please quit this coin so other farmers can win more.
If I want to apply to SEC individually, do you have the time to give me information on what I need to write?
where should i start?
is it enough to send a simple email?
also i really wonder what they do with this big money, how can i reach the IRS or tax inspectors?
i am totally serious if someone will take me by the hand i will do it because they really ruined my life. this has become personal for me now.
I would like to thank everyone else for their valuable comments, but I would appreciate it if you could please focus your comments on what we can do.
How long does the World Bank and the Carbon Credit partners want to be tied to CNI as they fail spectacularly and tarnish the coin that the blockchain runs on by millions of dollars each month??
There are more concerns than that for CC stakeholders and WB. It’s really CADT that’s the driver here, not anyone else. CADT would just fold the project and move along. Many non-core non-critical projects do.
Cadt? Wtfitwiah?
What the fuck is that when it’s at home
Trump is buying them. 
I sympathize with you very much if you really have such a bad situation in your private life.
If you don’t mind - I have a piece of advice.
Of course, it’s up to you to decide how things will go.
I’m old and I’ve seen and experienced a lot.
I sincerely advise you - let it go.
You don’t win cases like this, and even if you gathered a team of people who were similar in their willingness to act and invested a lot of money - it’s not worth it…
You only have one health!
You don’t get time back either.
The most important thing is family and a positive attitude.
If possible, try to focus on minimizing losses and developing a plan of what your goals are and take action.
The greatest people have “put their business down” several times.
The last time - it worked and they are on the Forbes list.
And once again I ask you - don’t be angry with me.
This stuff is not hard at all. Google is your friend – or ChatGPT.
Search, “how do I file an SEC complaint?” and “how to report a company to the IRS.”
Unless you have insider knowledge of the books and accounting, the IRS is a dead end and futile.
I agree with Pablo that it will be best for your own mental and physical health to let it go. There is no justice or remedy for this loss of time and resources.
Feds have VERY LITTLE INPUT into IPOs - and what few rules and regs DO apply are more about honesty in the IPO, not into how viable it is.
Never heard of the frequent failures of penny stock companies?
Like the saying goes only invest what you can afford to lose. Why get mad unless you made the mistake of thinking this project is shooting to the moon or something. Its all risk honestly and no white paper is going to foreshadow succuss at the end of the day.
- My Lords! - said the priestess with all her determination.
- In the world of crypto-magic, anything can happen.
- Look, the White Book overwrites its continuum - having said this, she pointed to the book in front of her.
- Yes, my Lady. The seeds of our farms must survive, let our knights defend our fields with all their strength and honor. Until the end of their days - said one of the honest farmers, with a blue scarf on his head.
- If this is all that the knights - founders have left… Indeed! - intoned the rest in humility.
hello Pablo,
firstly thank you for take care about me.
in this sht country i was working 11 hours / day 6 days week for 350 euro monthly
after that i sold my motobike and i started burst coin farming and i kick sht bosses ass.
after burst destroyed itself like chia, i started storj and after storj chia.
so my problem is i dont want start working 11 hours / day 6 days week for 350 euros.
right now i have big blank on my CV. people can think i was in prison or somthing bad and probably thats why i wont find a job. (government errase your crime from your vc every 5 years and i have 6 years blank)
consider that the worst crime I have ever committed is that I only make a living from chia farming.
that is why its really hard to accept that status. that is why i am extreamly angry but not to you.