Re:Whether Ethereum is a security
by nivertech on Tuesday April 24, 2018 @07:29AM
(#16911633)
> Ethereum tokens are virtual commodities useful for purchasing computational services on the Ethereum network
Wrong, ETH isn't a virtual commodity, gas is.
But gas isn't tradable, it's a virtual Unit-of-Account which uses ETH as the only accepted payment method.
IMO, ETH is a tokenized membership unit* in Stiftung Ethereum and by proxy a stake in the Ethereum mainnet.
*) Stiftungs not supposed to have memberships or shares, but that is the genius of Ethereum founders that they found a way to hack non-profit Stiftungs in order to use them for for-profit activities.
Wrong, ETH isn't a virtual commodity, gas is. But gas isn't tradable, it's a virtual Unit-of-Account which uses ETH as the only accepted payment method.
IMO, ETH is a tokenized membership unit* in Stiftung Ethereum and by proxy a stake in the Ethereum mainnet.
*) Stiftungs not supposed to have memberships or shares, but that is the genius of Ethereum founders that they found a way to hack non-profit Stiftungs in order to use them for for-profit activities.