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Seems like a fairly clear line can be drawn unambiguously. If it’s, like Bitcoin, just a number in a ledger, it’s a commodity. As soon as you attach any speci
by TylerE 4y ago
Seems like a fairly clear line can be drawn unambiguously.
If it’s, like Bitcoin, just a number in a ledger, it’s a commodity.
As soon as you attach any specific data to it, like a smart contract or tieing it to a single, tangible object like a painting, or paying rewards to people who bought before a specified time, it’s no longer fungible. It isn’t a commodity.
- pa7x1 4y agoConfidently wrong. Par for the course in HN.
- TylerE 4y agoSuch a detailed rebuttal.
- pa7x1 4y agoThere is nothing to rebut. Your argument has nothing to do with Security's laws or the legal jurisprudence around it. It can be substituted by "if it starts with B like Bitcoin, it's not a Security" which contains exactly the same amount of argumentative power. It takes significantly more time to construct a rebuttal than to produce a gish gallop of senseless arguments like the one above. So I will simply refer you to this link: https://isethereumasecurity.com/ https://isethereumasecurity.com/