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I would argue they are purchasing commodities given the reality of what these assets are. The securities argument has been very suspect and with congress puntin
by monero-xmr 3y ago
I would argue they are purchasing commodities given the reality of what these assets are. The securities argument has been very suspect and with congress punting to the courts, we are starting to see it sorted out the long, expensive way.
- nightpool 3y agocommodities don't come with an "off switch" that the "original owner" can flip if they don't like the things you're purchasing with them.
- monero-xmr 3y agoThat’s why we should have rules defining what a digital asset commodity is. Where is the off switch for Bitcoin or Ethereum?
- ForkMeOnTinder 3y agoEthereum has "difficulty bombs" about once a year which effectively force the network to follow along with protocol changes made by the Ethereum Foundation. They could conceivably use that same mechanism to exponentially slow the network below the point of usability by waiting for the hardcoded block and then... doing nothing. Afaik bitcoin doesn't have anything like that.