4 ms·

> (1) an investment of money, Is usdc money?

• deleted 5y ago
  [deleted]
• nivertech 5y ago
  it's a money surrogate, and like almost anything else it can be used as a medium of exchange / means of payment / barter. "an investment of money" in the Howey test is not about literal money, it can be anything with monetary value, e.g. orange groves.
  • ALittleLight 5y ago
    I think you mean "e.g. orange groves". "i.e." is an abbreviation for "id est" meaning "That is" (or you can remember it as being like "In essence"). If orange groves were the only thing with monetary value then i.e. would be appropriate. If orange groves are an example of a thing with monetary value then you want "e.g." (for example).
• DenisM 5y ago
  If I loan you a chicken today in exchange for two chickens tomorrow it’s a security.