You've probably heard by now that Ethereum is not a security. Now, we have heard some of the people from Gab.ai, probably the better social network from Twitter, talking about how this is just crony capitalism and that Ethereum really should be considered a security.
So, the question on your mind with this particular article would be, is it crony capitalism? Are men and women behind the scene making decesions that are let's just say advantageous for them? But maybe not so good for retail investors.
Credits: bitcoinmagazine.com
The particular vantage point that they are looking at is kind of likable because it's the praxis of how it's used, it's the praxis in which it is given out, it's the practical application of how these things are bought and sold that really can deem whether it's a security or not and bitcoin in many cases simply cannot be a security. There is no future return, the promise, it's just code, but if you think about it, bitcoin is the most powerful code.
Let me know what do you think, Is Ether still a security? Was it sold as a security? Is this a good thing for Ether? Is this a good thing for cryptocurrency as a whole? Our regulations maturing little bit or they still trying to just figure out what nonsense is going on or is there some crony capitalism behind the scenes that we are not aware of that's happening?
OTHER READS
- Crypto not worth Scalable to be Money? Says Bank of International Settlements
- Mining Crypto on iPhone Can Damage Your Phone? Apple Bans Cryptocurrency Mining on its App Store
- Crypto Could Propel Korea Going to be Global Economic Powerhouse, Says Ripple VP
- American Politician Steve Bannon Eyeing on ICO?
- Big Money Waiting at the Door? See What Susquehanna is showing us
- Shitcoins -- HODL or DUMP?
- See What Binance CEO has to say about Bitcoin Price Correction in 2018
Resteemed by @resteembot! Good Luck!
Check @resteembot's introduction post or the other great posts I already resteemed.
Coins mentioned in post: