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Re:The Lightning Network: Turning Bitcoin into Money by preseinger on Wednesday July 13, 2022 @01:44PM (#32086177)
Bitcoin is generally considered a security, not a currency.
Re:The Lightning Network: Turning Bitcoin into Money by samatman on Wednesday July 13, 2022 @04:13PM (#32088190)
Yes, and I'm saying that while the rulings of the SEC on this subject consider it a security, I don't believe the law is on their side any longer, since El Salvador declared it legal tender. That straightforwardly makes it a currency, and I don't believe there is any treaty framework for a country to say "lol no, your currency is fake, it's actually a security to us".

Can you imagine the hassle if a country adopted Apple stock as a legal tender? That's basically what happened last year.