0 sats \ 1 reply \ @siggy47 7 Jun 2023 \ on: Jack Dorsey courts controversy by claiming ETH is a security bitcoin
It's semantics. Of course eth is a security using the Howey test, but that doesn't matter.
If the SEC doesn't want eth to be a security, it's not a security. They make the rules. Eth can be controlled and co-opted by centralized validators. All you need is lots of fiat. Those validators might eventually be the US and its big banks.
write
preview
0 sats \ 0 replies \ @shyfire 7 Jun 2023
Yeah, PoS is aligned with fiat shenanigans.
reply