4 ms·

Is my house a security?

by p0pcult 4y ago

TylerE 4y ago
No, because there’s no agreement, no other party, no expectation of bearing interest…
- p0pcult 4y ago
  Who is the other party in staked crypto?
  - TylerE 4y ago
    Coin base? The other stakers?
    - toolz 4y ago
      I don't need to consult coinbase or any other stakers to stake crypto. That would be a very broad definition for an agreement, one that's broad enough to maybe include housing, in reference to the GP comment.
    - p0pcult 4y ago
      No, neither of those groups do things to impact the value of the crypto in a way akin to managing or directing a company.
doyouevensunbro 4y ago
TIL that I can live in a Bitcoin
- yieldcrv 4y ago
  a product having utility does not preclude it from also being a security its just that the SEC isnt applying that logic anywhere aside from crypto. so its either apply it everywhere or make a clear path to exemption that crypto assets can predictably comply with, where nothing has to be filed at all
deleted 4y ago
[deleted]
verdverm 4y ago
REITs exist, the devil is in the detail
deleted 4y ago
[deleted]
cycomanic 4y ago
Are you proposing we regulate crypto like realty? That's the thing about all these arguments, crypto proponents want all the advantages of one system, but when it comes to the "disadvantages" suddenly crypto is something completely different.
- polygamous_bat 4y ago
  Different incarnations of "privatize the gain, socialize the losses". Coinbase became the company it is today because they have the first mover's advantage in an unclear regulatory landscape, and it pulled in profits only because of that regulatory arbitrage. Now they are turning around and playing victim of the same regulatory landscape that made them what they are today.
s1artibartfast 4y ago
I think the more, appropriate analogy is whether a gold bar sitting in my sock drawer is a security. There are gold bars and there are gold securities.
- erik_seaberg 4y ago
  It doesn’t have to make sense; hoarding gold was illegal for forty years.
  - s1artibartfast 4y ago
    Honest question, what are you talking about when you say hoarding gold is or was illegal?
    - erik_seaberg 4y ago
      https://en.wikipedia.org/wiki/Executive_Order_6102 https://en.wikipedia.org/wiki/Executive_Order_6102

Is my house a security?

TylerE 4y ago

No, because there’s no agreement, no other party, no expectation of bearing interest…

p0pcult 4y ago
Who is the other party in staked crypto?
- TylerE 4y ago
  Coin base? The other stakers?
  - toolz 4y ago
    I don't need to consult coinbase or any other stakers to stake crypto. That would be a very broad definition for an agreement, one that's broad enough to maybe include housing, in reference to the GP comment.
  - p0pcult 4y ago
    No, neither of those groups do things to impact the value of the crypto in a way akin to managing or directing a company.

doyouevensunbro 4y ago

TIL that I can live in a Bitcoin

yieldcrv 4y ago
a product having utility does not preclude it from also being a security its just that the SEC isnt applying that logic anywhere aside from crypto. so its either apply it everywhere or make a clear path to exemption that crypto assets can predictably comply with, where nothing has to be filed at all

deleted 4y ago

[deleted]

verdverm 4y ago

REITs exist, the devil is in the detail

deleted 4y ago

[deleted]

cycomanic 4y ago

Are you proposing we regulate crypto like realty? That's the thing about all these arguments, crypto proponents want all the advantages of one system, but when it comes to the "disadvantages" suddenly crypto is something completely different.

polygamous_bat 4y ago
Different incarnations of "privatize the gain, socialize the losses". Coinbase became the company it is today because they have the first mover's advantage in an unclear regulatory landscape, and it pulled in profits only because of that regulatory arbitrage. Now they are turning around and playing victim of the same regulatory landscape that made them what they are today.

s1artibartfast 4y ago

I think the more, appropriate analogy is whether a gold bar sitting in my sock drawer is a security. There are gold bars and there are gold securities.

erik_seaberg 4y ago
It doesn’t have to make sense; hoarding gold was illegal for forty years.
- s1artibartfast 4y ago
  Honest question, what are you talking about when you say hoarding gold is or was illegal?
  - erik_seaberg 4y ago
    https://en.wikipedia.org/wiki/Executive_Order_6102 https://en.wikipedia.org/wiki/Executive_Order_6102