Not necessarily true as ETH, the crypto, is used for transaction costs so it can be argued it has a utility and thus not a security. Albeit the change does open itself up to that scrutiny.

Yukon Cornelius said:

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Not necessarily true as ETH, the crypto, is used for transaction costs so it can be argued it has a utility and thus not a security. Albeit the change does open itself up to that scrutiny.

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Yea. I'm referring to ETH2. The native tokens underlying PoS protocol will/should be securities.

Clayton said it wasn't a security before the PoS transgender was effectuated. I think Gensler is wishy washy on it now because he wants to see how it evolves.

I think you are making an assumption. It can be argued Since the crypto is used to make transactions work on the network it has utilities and is not a security. Almost any other crypto running on the ethereum network does not receive that benefit and IMO would/should be classified as securities. ETH will still be required for transaction fees on the network so that won't change.

It'll ultimately depend on how the SEC views it. But seeing how it struggles with XRP which is cut and dry a security I like ETHs chances. Plus the wealth funds already buying it will make the reversal that much more difficult for the SEC despite the change in chain working.

Deluxe said:

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Yukon Cornelius said:

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Ya XRP is a security IMO as most other crypto's are as well. Only BTC and ETH has been given the non security ruling.

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But that was before ETH transgendering to PoS. ETH is no diff from the other centralized Silicon Valley tech stock chains when ETH2 is effective.

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Yeah...its gonna be interesting to see if that changes now that ETH 2.0 is PoS.

Eth has basically flipped the bird to miners and IMHO that is a mistake. It still won't solve their high gas fees which is ETH's biggest drawback.

I should be studying 11 said:

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DallasAg 94 said:

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For those that laud Cryptos...




https://finance.yahoo.com/news/crypto-exchanges-shut-down-if-dont-suspend-russian-accounts-bill-browder-194047400.html

Like YouTube and SocialMedia... you are a single power click away from demonetization.

Quote:

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Asset manager Bill Browder, who for years specialized as an investor in major Russian firms, told Yahoo Finance on Tuesday that cryptocurrency exchanges should be closed if they do not suspend accounts owned by Russians.

---

Quote:

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The Biden administration is developing a "focused tactical strategy" to make certain that Moscow does not put cryptocurrency toward that end

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I've told some of the youngins I mentor that promote Cryptos... "They will only exist as long as Central Governments will allow them."

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So what should you invest in or hold as a store of value? Gold was outlawed and confiscated by Uncle Sam years ago... stocks? Moscow just closed their exchange and is preventing foreigners from exiting positions. Cash? Unless you hold all of the physical paper in your own safe, you don't really have any of that money either.

My point is that you can make the same arguments for anything if you are considering that the Govt is going to collaborate with every other govt across the world to ban/outlaw something. Once the CBDC is issued, we'll essentially have a global digital currency directly controlled by the US Govt. No need for pesky sanctions and SWIFT removal at that point. They just take it all away. Bitcoin is the only thing that can prevent that. Literally.

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The point is that Bitcoin is nothing different than your "anything" you cited. In fact, it's even less of a thing because it actually isn't anything.

mazag08 said:

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I should be studying 11 said:

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DallasAg 94 said:

---

For those that laud Cryptos...




https://finance.yahoo.com/news/crypto-exchanges-shut-down-if-dont-suspend-russian-accounts-bill-browder-194047400.html

Like YouTube and SocialMedia... you are a single power click away from demonetization.

Quote:

---

Asset manager Bill Browder, who for years specialized as an investor in major Russian firms, told Yahoo Finance on Tuesday that cryptocurrency exchanges should be closed if they do not suspend accounts owned by Russians.

---

Quote:

---

The Biden administration is developing a "focused tactical strategy" to make certain that Moscow does not put cryptocurrency toward that end

---

I've told some of the youngins I mentor that promote Cryptos... "They will only exist as long as Central Governments will allow them."

---

So what should you invest in or hold as a store of value? Gold was outlawed and confiscated by Uncle Sam years ago... stocks? Moscow just closed their exchange and is preventing foreigners from exiting positions. Cash? Unless you hold all of the physical paper in your own safe, you don't really have any of that money either.

My point is that you can make the same arguments for anything if you are considering that the Govt is going to collaborate with every other govt across the world to ban/outlaw something. Once the CBDC is issued, we'll essentially have a global digital currency directly controlled by the US Govt. No need for pesky sanctions and SWIFT removal at that point. They just take it all away. Bitcoin is the only thing that can prevent that. Literally.

---

The point is that Bitcoin is nothing different than your "anything" you cited. In fact, it's even less of a thing because it actually isn't anything.

---

It is a thing. Bitcoin is a computer program that is decentralized and virtually impossible to hack.

Never ceases to amaze me how bitcoin brings out people who love to talk about it yet know very little about it. (Not directed at you of course)

Aggie4Life02 said:

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mazag08 said:

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I should be studying 11 said:

---

DallasAg 94 said:

---

For those that laud Cryptos...




https://finance.yahoo.com/news/crypto-exchanges-shut-down-if-dont-suspend-russian-accounts-bill-browder-194047400.html

Like YouTube and SocialMedia... you are a single power click away from demonetization.

Quote:

---

Asset manager Bill Browder, who for years specialized as an investor in major Russian firms, told Yahoo Finance on Tuesday that cryptocurrency exchanges should be closed if they do not suspend accounts owned by Russians.

---

Quote:

---

The Biden administration is developing a "focused tactical strategy" to make certain that Moscow does not put cryptocurrency toward that end

---

I've told some of the youngins I mentor that promote Cryptos... "They will only exist as long as Central Governments will allow them."

---

So what should you invest in or hold as a store of value? Gold was outlawed and confiscated by Uncle Sam years ago... stocks? Moscow just closed their exchange and is preventing foreigners from exiting positions. Cash? Unless you hold all of the physical paper in your own safe, you don't really have any of that money either.

My point is that you can make the same arguments for anything if you are considering that the Govt is going to collaborate with every other govt across the world to ban/outlaw something. Once the CBDC is issued, we'll essentially have a global digital currency directly controlled by the US Govt. No need for pesky sanctions and SWIFT removal at that point. They just take it all away. Bitcoin is the only thing that can prevent that. Literally.

---

The point is that Bitcoin is nothing different than your "anything" you cited. In fact, it's even less of a thing because it actually isn't anything.

---

It is a thing. Bitcoin is a computer program that is decentralized and virtually impossible to hack.

---

Just asking. Is it impossible to verify as well?

What do you mean verify?

aggiehawg said:

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Aggie4Life02 said:

---

mazag08 said:

---

I should be studying 11 said:

---

DallasAg 94 said:

---

For those that laud Cryptos...




https://finance.yahoo.com/news/crypto-exchanges-shut-down-if-dont-suspend-russian-accounts-bill-browder-194047400.html

Like YouTube and SocialMedia... you are a single power click away from demonetization.

Quote:

---

Asset manager Bill Browder, who for years specialized as an investor in major Russian firms, told Yahoo Finance on Tuesday that cryptocurrency exchanges should be closed if they do not suspend accounts owned by Russians.

---

Quote:

---

The Biden administration is developing a "focused tactical strategy" to make certain that Moscow does not put cryptocurrency toward that end

---

I've told some of the youngins I mentor that promote Cryptos... "They will only exist as long as Central Governments will allow them."

---

So what should you invest in or hold as a store of value? Gold was outlawed and confiscated by Uncle Sam years ago... stocks? Moscow just closed their exchange and is preventing foreigners from exiting positions. Cash? Unless you hold all of the physical paper in your own safe, you don't really have any of that money either.

My point is that you can make the same arguments for anything if you are considering that the Govt is going to collaborate with every other govt across the world to ban/outlaw something. Once the CBDC is issued, we'll essentially have a global digital currency directly controlled by the US Govt. No need for pesky sanctions and SWIFT removal at that point. They just take it all away. Bitcoin is the only thing that can prevent that. Literally.

---

The point is that Bitcoin is nothing different than your "anything" you cited. In fact, it's even less of a thing because it actually isn't anything.

---

It is a thing. Bitcoin is a computer program that is decentralized and virtually impossible to hack.

---

Just asking. Is it impossible to verify as well?

---

not sure what you mean here

Dick is a very skilled remote viewer having been involved in projects ranging from JFK to Roswell.
Lets see what he says here..

Interesting. Thank you for sharing.