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Eth and BTc are quite different and Eth is absolutely a security. Eth meets the Howey test. BTc arguably does not due to its manner of distribution and initiat

by jki275 7y ago

Eth and BTc are quite different and Eth is absolutely a security. Eth meets the Howey test. BTc arguably does not due to its manner of distribution and initiation.

DennisP 7y ago
According to the SEC chairman, ETH may have been a security at first but it's not anymore. https://coincenter.org/link/sec-chairman-clayton-just-confirmed-commission-staff-analysis-that-ethereum-and-cryptos-like-it-are-not-securities https://coincenter.org/link/sec-chairman-clayton-just-confir...
- jki275 7y ago
  Yes, the SEC has handwaved it out of being a security. That doesn’t change facts, they simply aren’t going to do anything about it.
loceng 7y ago
Do we know for sure how it was distributed and initiated BT though? We don't even know who "Satoshi Nakamoto" is.
fastball 7y ago
What entity are you investing in when you purchase ETH?
- jki275 7y ago
  Vitalik Buterin and the other whales who started it.
  - DennisP 7y ago
    Development has expanded far beyond that crowd. There are eight different groups working on 2.0 clients, for example. This was part of the SEC's reasoning.