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Unpopular opinion: most cryptos are really securities, not currencies.

Etherum Reddit

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You don’t need Turing-completeness for a currency, do you? It’s true that cryptos can be used as currency to transfer money, but in most cases it’s much more than that and the coins represent a part of the project itself, just like a stock represent a part of a company. Also looking at the charts coins move like stocks, not like the fucking dollar / euro / whatever.

So maybe Bitcoin would be more of a currency, but 99% of current cryptos are just securities.

Still fuck the SEC though.

submitted by /u/esreverengineer_
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