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> Criteria #2 is debatable They don't call themselves a gambling site. > They don't meet criteria #3 "an enterprise in which the fortunes of the investor are
by ryan_lane 4y ago
> Criteria #2 is debatable
They don't call themselves a gambling site.
> They don't meet criteria #3
"an enterprise in which the fortunes of the investor are interwoven with and dependent upon the efforts and success of those offering or selling the investment or of third parties."
Every coin meets #3, because without exchanges, you can't make profit.
> Or they don't meet criteria #4
Coins are speculative in nature. Without promotion, you can't find new investors. If you don't have new investors, the price can't go up.
- GoblinSlayer 4y agoCryptocurrency is money, you can send them no questions asked, without begging fiat gatekeepers to let the transaction through mining the hell out of your personal information, your clothes, your boots and your motorcycle.
- ProjectArcturis 4y agoThis isn't about coins, it's about staking.
- GoblinSlayer 4y agoIt's about coins having no use except for staking.
- ryan_lane 4y ago> without begging fiat gatekeepers To purchase the coins you need to use an exchange. To sell the coins you need an exchange. Cryptocurrency isn't usable without fiat, and it's value is based on fiat. Unless you're using very specific coins (which aren't allowed on most exchanges), your transaction history is public to the world, which is worse from a privacy perspective than fiat. If you really used coins as your primary currency, it would be pretty trivial to obtain your identity from your transaction history.
- GoblinSlayer 4y ago>Cryptocurrency isn't usable without fiat You mean it's not convertible to fiat when fiat fails? That's what I mean too: fiat fails.