Re:Ether Tokens Are Likely Securities (2016)
by ThrustVectoring on Wednesday July 26, 2017 @11:38PM
(#14862523)
So, follow-up question: are Team Fortress 2 hats securities? It arguably meets all four points: Valve gets money for releasing hats into the TF2 ecosystem, TF2 is a common enterprise, hat speculators expect to make a profit through simple capital appreciation, and the hat owners rely on the effort of Valve to develop TF2 for their profits.
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Re:Ether Tokens Are Likely Securities (2016)
by decentralizedL on Wednesday July 26, 2017 @11:44PM
(#14862543)
In game digital assets is an interesting hypothetical. Whether or not it satisfies all the prongs of an investment contract analysis is less important than the overall size of the market. I think if blockchain tokens were doing daily vols similar to Team Fortress 2 hats, that the SEC would have never felt the need to comment. But that's just conjecture not anything you could hang your Team Fortress 2 hat on :)
Re:Ether Tokens Are Likely Securities (2016)
by lathiat on Thursday July 27, 2017 @02:40AM
(#14863117)
MMORPGCoin coming to an ICO near you
Re:Ether Tokens Are Likely Securities (2016)
by tyywebb on Thursday July 27, 2017 @09:19AM
(#14864943)
Someone needs to make an ICO for WoW gold.
Re:Ether Tokens Are Likely Securities (2016)
by roenxi on Wednesday July 26, 2017 @11:47PM
(#14862554)
Technically, I'd suggest the answer is yes. But there isn't enough money involved to warrant regulation or for a tax department to do the diligence to collect. Valve paying corporate tax on the hat sales is good enough.
Re:Ether Tokens Are Likely Securities (2016)
by abritinthebay on Thursday July 27, 2017 @11:50AM
(#14866403)
Do some people treat it as such? Yes.
I’d argue that there’s no expectation of it however (unlike Ether) unless you call generic assets (via appreciation) a security.
If so... Baseball cards are a security. Which they are not.