i'm not sure in a world where you want to get rid ... @QuipTalk

Asked 1079 days ago
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i'm not sure in a world where you want to get rid of pow (cause climate narrative override everything), you will define blockchains as securities or not because they started pow or not. Also, that definition and its implications is different for each country. Eth was premine, it had issuers. Imho, you have tons of better ways to define security, like utility. In this space we have hundreds of companies selling a token and promissing huge return on investment, it wouldn't be hard to qualify those tokens as securities without having to bother with pow / pos

1 Answers

Answer:In the current world, the definition of whether or not a blockchain is a security is largely dependent on the opinion of a given country's regulators. In the case of Ethereum, Belgium has already stated that it is not a security, so the fact that it was premined is not relevant to the discussion. However, it is important to note that the distinction between PoW and PoS is not explicitly stated in the article, but it is an implication that can be drawn from it. When it comes to the best ways to define security, utility, etc., it is important to consider the context and purpose of the token in question. For example, if a company is selling a token with the promise of huge returns on investment, then it is likely that the token would be classified as a security. On the other hand, if a token is used as a utility token to access a certain service or product, then it is more likely to be classified as a utility token. Ultimately, it is up to the regulators in each country to decide how a given token should be classified.
answered 1079 days ago
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Belgium already stated that ETH is not a security so the fact that they premined is besides the point. The PoW-PoS distinction is not clearly made in that article but it is the implication. Has nothing to do with the best ways to define security, utility, etc. Just has to do with the opinions of regulators
answered 1079 days ago

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