Nobody has satisfactorily explained why the majority of ICOs are not securities, and thus should be regulated as one. It all sounds like the mid-90s and early 2

Nobody has satisfactorily explained why the majority of ICOs are not securities, and thus should be regulated as one. It all sounds like the mid-90s and early 2000s situation, where people were taking existing processes, and getting existing patents for them by adding the magical phrase, "On a computer".