News for hackers. Stuff that matters.

A comment on Statement on Cryptocurrencies and Initial Coin Offerings. Parent comment

Re:Statement on Cryptocurrencies and Initial Coin Offerings by Jd on Tuesday December 12, 2017 @01:22AM (#15903398)
The textbook definition of a security is expecting to profit based on the efforts of a third party.
[ Parent | on HN ]
Re:Statement on Cryptocurrencies and Initial Coin Offerings by jessriedel on Tuesday December 12, 2017 @01:33AM (#15903443)
The definition in Kadin's comment that I reference is more exact.
[ Parent | on HN ]
Re:Statement on Cryptocurrencies and Initial Coin Offerings by runeks on Wednesday December 13, 2017 @02:52PM (#15917021)
With what money will you buy the security unless you, yourself, have exerted an effort? You’re profiting from the money you’ve earned through exerting an effort, followed by foregoing consumption, resulting in surplus capital with which you can purchase the security.
[ Parent | on HN ]