Very well said, thank you!
I agree with you that the law is ultimatley the goal to go, if we want to enjoy a legal status on Steem.
The part that I don't like at all is the fact, that there is so much legal unclarity, on what Steem actually is, in terms of law. And how are all the different income streams of Steem going to be valued? Nobody knows for certain, and we all face the risk of doing something unwillingly wrong here.
Thats the point, where I get upset about Regulators and the law. They created this black hole of uncertainty, and when you tap in, than they prosecute you. That is just insane!
I hope that Steem will make it thru this regulatory headwinds. Lets cross fingers.
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Which law should define what Steem is? I don't see why US law should be treated as world law. There is a such thing as a UN for example and an international law. Why wouldn't Steem developers appeal to that instead if the goal is an international product and blockchain?
But if the developers are US Citizens it is different. Now they have to be concerned about consequences.