BitConnect Closes Exchange as States Warn of Unregulated Sales

Re:BitConnect Closes Exchange as States Warn of Unregulated ... by daemin on Wednesday January 17, 2018 @05:14AM (#16166817)

I got told this from a friend that studied law (but is not a lawyer). That to put a disclaimer of "I am not a lawyer" when giving opinion about legal matters is so that they will not be prohibited from practising law in the future, or prosecuted for misrepresenting or impersonating a lawyer.

I guess someone that has studied law more or is an actual lawyer can weigh in on this in an unofficial capacity (because we are not paying them for advice!).

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Re:BitConnect Closes Exchange as States Warn of Unregulated ... by TeMPOraL on Wednesday January 17, 2018 @06:36AM (#16167102)

I always assumed that the "this is not legal advice" part (and similarly, "this is not medical advice") are meaningfully used by actual lawyers (or doctors), so that you can't sue them for malpractice over something they said that was tangentially related to what they do for a living.

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Re:BitConnect Closes Exchange as States Warn of Unregulated ... by JumpCrisscross on Wednesday January 17, 2018 @07:10AM (#16167253)

It’s less CYA than a reminder that one should seek legal advice if the subject matter is personally relevant. I would hate for someone, who watched a YouTube video and then lost more than they could afford to BitConnect, to mis-step because they mistook my Internet comments for authoritative advice versus banter and commentary.

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