Well the howey test isn't that difficult to understand. Ripple is certainly a security. My only issue is that when Ripple is shown to be a security they need to go after ethereum and still make them pay a fine.
You can't break the law then go legit and say hey i'm innocent. The good doesn't wash out the bad. Ethereum raised money and violated regulation D just like ripple did.. i'm pretty sure hive is as well a security and steem all that.. the only thing for certain i believe is not a security is bitcoin. Securities cover any expectation of profit.... That's why bitcoin myk can pass the howey test and eventually you greedy bastards will be under the microsope as well.
Bitcoin myk functions more like a currency and you mint it and earn it because it represents your value and energy similar to bitcoin mining. it doesn't move in the idea of expectation of profit from the work of others.. which is part of the howey test @taskmaster4450.
i support Gary Genslar and i'm confident in that he'll do the right thing and fairly take them all down. i'm not a fan of the sec but alot of projects need to dissapear that don't deserve to be up there and those are certainly some of them.. ripple is without a doubt one.. i'd be okay with ethereum paying a fine and biz as usual but i'd be in a state of joy with the erasing of ripple.
It would seem @edicted many of you are destine to wear that orange prison jumpsuit. don't worry i'll pass you a pack of newports during visitation for you. See you behind bars!
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Securities or not, in the matter of all these coins you've mentioned doesn't matter. When "the good" is what really "the bad" in disguise, yes they have law on their side, that's understood... eventually they'll be unmasked. They hold the rule book for a racket that's been built so many 100's of years ago, they won't let it go easily.
Even with a win on the side of centralized XRP, it won't be over, thought it will be great for a little while. No Club-Fed for crypto.
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No argument here... but at least these are rackets we can take part in! The banking system and the central banks are making up the rules for themselves, why wouldn't they?
Unless I live under a rock unknowingly and things have changed, we cannot get a dollar from our local central bank, turn around and lend it out 11 times legally... you'd have to be in their circle of bankers to do so.
Bitcoin myk functions more like a shit coin.
Fixed that for you.