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Those things are not as coupled as you make them sound: the vast majority of people getting paid interest on their ETH won't be running a node. They'll be recei
by jhugo 4y ago
Those things are not as coupled as you make them sound: the vast majority of people getting paid interest on their ETH won't be running a node. They'll be receiving interest passed on by exchanges or other centralised entities that are staking their ETH.
- DennisP 4y agoAnd if those entities give them some kind of token they can trade around, giving them rights to their deposit plus some profits, that token might well be a security. But if I loan you dollars and you promise to do something profitable and give me more dollars back, that doesn't make the dollar a security.