Why not? It is highly litigated and still abundantly unclear whether certain cryptocurrencies are securities or commodities. That's the whole point of these legal battles. If it was clear, they would not be ongoing.
based on the definition of what a security and what a commodity, it should be abundantly clear to anyone over the age of 5 what crypto falls under:
Commodities are consumable goods that get transformed through usage in industrial or commercial processes. Gold and silver can be transformed into jewelry. Securities, on the other hand, grant holders the right to periodic benefits like dividends, coupons, principal repayments and potential profit shares.
How are you consuming crypto? What commercial or industrial process are being used?
> Commodities are consumable goods that get transformed through usage in industrial or commercial processes. Gold and silver can be transformed into jewelry. Securities, on the other hand, grant holders the right to periodic benefits like dividends, coupons, principal repayments and potential profit shares.
> How are you consuming crypto? What commercial or industrial process are being used?
What rights does holding bitcoin confer to the holder? I get no dividends, coupons, principle repayments or potential profit shares.
We’ve nicely entered why this argument still rages on. It doesn’t fit cleanly into either definition.
pie420|1 year ago
Commodities are consumable goods that get transformed through usage in industrial or commercial processes. Gold and silver can be transformed into jewelry. Securities, on the other hand, grant holders the right to periodic benefits like dividends, coupons, principal repayments and potential profit shares.
How are you consuming crypto? What commercial or industrial process are being used?
oarsinsync|1 year ago
> How are you consuming crypto? What commercial or industrial process are being used?
What rights does holding bitcoin confer to the holder? I get no dividends, coupons, principle repayments or potential profit shares.
We’ve nicely entered why this argument still rages on. It doesn’t fit cleanly into either definition.