If ETH Isn’t a Security Then Nothing Is

Originally posted on Mechanical Markets:
Ethereum tokens (ETH) are often considered commodities but not securities, like Bitcoins. [1] But I think that ETH meets any common sense definition of “security” and that the ETH ecosystem needs to be closely examined by securities regulators. I’m not a lawyer, and not the right person to be making this argument, but it seems important and urgent — so I hope you’ll forgive any errors. [2] Ethereum’s Announcement The Ethereum Project was announced on the bitcointalk.org forum in January 2014 by cofounder Vitalik Buterin. The announcement solicited “investors and evangelists” who would be protected…

Is It *Really* Impossible To Get A Gun License in NYC? (Part VIII — Appeal to N.Y. High Court)

Originally posted on Professional Troublemaker:
This is the eighth installment of a series documenting an ordinary New Yorker attempting to exercise his Second Amendment rights: Part I (license application), Part II (application rejected),Part III (the lawsuit), Part IV (appeal filed), Part V (appellate briefing complete), Part VI (N.Y. Appeals Court Not Interested in Ending NYPD Corruption), Part VII (Corruption? You Can’t Prove It!). ? The U.S. Supreme Court has made pretty clear that a “total ban” on any particular gun right is unconstitutional.  They seem to be pretty clear that it doesn’t matter whether the total ban is only on the carrying of weapons, or on all ownership, or even on certain…

Ether was (probably) a security

This is a follow-up from my post last week titled “Whether Ether is a security.” Turns out that Ether very probably was a security, per this morning’s report in the Wall Street Journal: A conversation I've had hundreds of times since 2014: Dilettantes: "Ether isn't a security, it's cryptofuel"Me: "You're wrong" Welp pic.twitter.com/fSmaLHHH8Y — Preston Byrne (@prestonjbyrne) May 1, 2018 Looking forward to writing the follow-up, “Ether is a security,” in due course, although I will not be able to write it until such time as a federal judge has a chance to weigh in on the matter. Until next time, then.

Marmot Energy

Just noting for posterity that the Overton Window is currently moving rightward at light speed.   You don't have to agree with trump but the mob can't make me not love him. We are both dragon energy. He is my brother. I love everyone. I don't agree with everything anyone does. That's what makes us individuals. And we have the right to independent thought. — KANYE WEST (@kanyewest) April 25, 2018     my MAGA hat is signed 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 pic.twitter.com/DrDHJybS8V — KANYE WEST (@kanyewest) April 25, 2018  

Whether Ether is a security

Disclaimer: English lawyer, not practising this year, yes in England “practise” is spelled with an “S” when used as a verb, ergo I’m not your lawyer and this blog post is not legal advice.  UPDATE, 27 APRIL 2018: @hasufl has written a follow-up to this post exploring the Ether pre-sale distribution’s dataset in more detail. I HIGHLY recommend reading it. I am often asked, directly, whether I think this coin or that one is a security (and thus required to be registered with the SEC before being offered to the public) or not. Virtually every time I demur. Part of the…