5 ms·
>The primary use of ether in its purest abstraction (ie not packaged in an index fund), is in the form of gas to power the individual steps of the computer. It
by will_brown 8y ago
>The primary use of ether in its purest abstraction (ie not packaged in an index fund), is in the form of gas to power the individual steps of the computer. It is no more a security than the gasoline in your car.
I’m sure if you compared the number of people who bought ETH to actually use as gas to facilitate a transaction vs simply investing for profit compared to the number of people who bought gas to fuel their cars vs resell for profit...you might not get so wrapped up in you analogy
- 21 8y agoThe relevant part is not if you can make a profit, but if there is a "promoter" which says that. He gave an example how buying a house is not a security even if you expect prices to go up, but buying the same house through another legal entity with management can be a security.