Thank you! It took 10 months so not sure if qualifies as trailblazing. The legal and accounting treatment was new for everyone, so can expect it to take some ti

Thank you! It took 10 months so not sure if qualifies as trailblazing. The legal and accounting treatment was new for everyone, so can expect it to take some time. There is no one year lock on the Reg A. The Reg D offering (which we did earlier in 2017) and which is limited to Accredited Investors has a year and a day lock. We do have a monthly unlock over 2-years but that was our design decision, not a regulation. Really interesting question about no longer being considered a security. We spent a lot of time on this. There is an entire discussion about decentralization in the offering circular. Our stance is that this is a utility token and due to an abundance of caution we're complying with securities regulations. However, upon further decentralization of the network (and we discuss certain metrics for this) the Stacks token may no longer be considered a security. Pasting relevant info from the offering circular: "Blockstack’s long-term strategy is to decentralize development and governance of the Blockstack network such that no single entity, including Blockstack, is in control of the network. At some point when this decentralization process is complete and there is a healthy ecosystem of applications and users on the network, Blockstack PBC expects to develop new business models, which may include the development and commercialization of premium versions of open-source software, enterprise licensing for blockchain technology, and development of new applications for the network. Blockstack may also dissolve Blockstack PBC and distribute the Stacks Tokens in Blockstack PBC’s treasury to Blockstack PBC’s stockholders. We do however intend to continue operating for a minimum of two to three years and likely until one of the following occurs: the Stacks Tokens are no longer deemed to be securities, we are no longer deemed to be the issuer of the tokens, or the Stacks blockchain undergoes a hard fork without Blockstack’s consent that effectively results in Blockstack no longer driving the governance of the network. Blockstack also intends during this time to encourage independent entities to contribute to the development of Blockstack Core, the core open-source software governing the network as well as contribute to the growth of the eco-system."