> Bitcoin is a commodity, ETH & all of crypto is just (unregistered) securities lying/pretending to be commodities.
Here's the problem with this:
Bitcoin doesn't exist below a society - its not independent of a functioning system made up of economic agents. Wheat and salt will continue to exist without human action.
And you've got it backwards: securities are just government and institution approved tokens existing on a consensus network. Some of us believe this consensus network is corrupt and should be rebuilt into something a bit more open source.
It doesn't matter. Governments decide what you do on the roads. It doesn't matter much if the you inspect the open source bricks making up the road, if the government can stop you from driving there.
Bitcoin is pretty much orthogonal to government control. Especially bitcoin with its completely open transaction history.
Here's the problem with this:
Bitcoin doesn't exist below a society - its not independent of a functioning system made up of economic agents. Wheat and salt will continue to exist without human action.
And you've got it backwards: securities are just government and institution approved tokens existing on a consensus network. Some of us believe this consensus network is corrupt and should be rebuilt into something a bit more open source.