2 ms·
The level of fear of the SEC chairman. They were afraid to classify all tokens as securities because BTC and ETH were too big by then, thus created this meaning
by Yizahi 2y ago
The level of fear of the SEC chairman. They were afraid to classify all tokens as securities because BTC and ETH were too big by then, thus created this meaningless distinction. In real life there is no difference except number of users.
- gcau 2y agoThis is completely incorrect. There is a difference between: (1) "PoopCoin" that is a copy paste of an existing cryptocurrency, repackaged with meme (!) marketing, and intentionally used for the creators to make quick money, and is bought ONLY for the purpose of flipping it for money. (2) A serious cryptocurrency with a whitepaper, written by expert cryptographers, and serves a unique utility vs others, has a huge market cap, is used for real transactions.