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RE: BLOODY IMPORTANT QUESTION: should we consider STEEM-ENGINE tokens a security or utility?

in #blockchain • 5 years ago

Dear @chrisrice

Thank you for your amazing comment.

Having said that, I will probably have to wait at least 2 to 3 years before lawsuits start getting filed against some token creator's

Would you mostly expect those lawsuits to be coming from tokens users or from authorities?

Cheers
Piotr

5 years ago in #blockchain by
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     5 years ago  

    I am guessing from authorities first but it's impossible to say since one bad apple in the batch of Steem-Engine tokens could potentially burn a lot of people and get people upset.

    Having said that, I haven't seen any willful scams on Steem-Engine yet but I suspect that there will be some once there are enough success stories of token issuers via Steem-Engine.

    It might be towards the peak of the next bull market when asset valuations are high since I don't think Steem-Engine tokens are big enough to attract the regulators yet, but the day of reckoning is coming, not just for Steem-Engine tokens but for many cryptos.

    This is just a group of ideas though, not Truth 👍

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     5 years ago  

    Thanks for this amazing comment @chrisrice
    Seriously appreciate