On the video "Howey Test" the most interesting part for me is at the end (2:55) https://youtu.be/9lTS1Zofw8w?t=175 https://youtu.be/9lTS1Zofw8w?t=175 Where if

On the video "Howey Test" the most interesting part for me is at the end (2:55) https://youtu.be/9lTS1Zofw8w?t=175 https://youtu.be/9lTS1Zofw8w?t=175 Where if no single person or group is in charge, and decisions are taken by all, is no longer considered a security. This little detail makes the difference from security to not a security.