Eth is a security

If you are raising investment from the public for the development of a platform you are a security. Using words like 'coins' and 'foundation' to dodge regulation or break the law is a sad excuse. You're issuing shares, largely to yourself and insiders, and you need to give retail investors their shareholding rights and protections.
You also need to be correctly valued, not speculated or manipulated by criminal activity on exchanges. That means Ethereum's value would be based on the sum of legal activity and other registered securities that are running on chain.

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EOS solves this by airdrop ICO's

ETH didn't raise shit you retard, it's a fork

It’s not a security anymore. It’s the fuel that powers the network. Without ether there would be no incentive more miners to continue mining so they’d stop. It’s a digital representation of computing power on the network, so it’s fuel, which is a commodity.

Cope is strong itt

trustnodes.com/2018/05/06/big-day-eth-secs-chairman-already-stated-ethereum-not-security

Accumulate.

Nice selective reading
>Then there are tokens, which are used to finance projects. I’ve been on the record saying there are very few, there’s none that I’ve seen, tokens that aren’t securities.
If tokens are a security ethereum is a mega hyper security

How are you all this retarded?

ETH I'd now and had been for a while, been a utility token. It manages the underlying function of the network and give access to icos (most are securities). The only reason it gets classified as such is if the try and tie it to Trump/Russia and campaign money laundering, which won't happen.

In any case, expect to see ETH pump no matter what. Regulation means clear definition for institutional investment, mean the flood gates open.

Stop being retarded and for fucks sake pretend like there's a Chad in there.

Anyone not buying this FUD has only been here for 3 months tops

>the absolute state of Jow Forumstards

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what happens to my cryptokitties?

>Regulation means clear definition for institutional investment, mean the flood gates open.

Stopped reading here. You're an absolute moron. Did you just get here from stocks? Rofl

Ever heard of the howey test?

I bet they'd unironically sell during the 7th Korea/China FUD.

He means erc20s for funding ICOs.

This. Ethereum classic had the ICO, Ethereum is just a fork airdrop from Ethereum classic. Thereby not a security. Done. Give me SEC chairman.

Give me one example

Chainlink raised 32 million in ETH to get their project going...

ETH was treated like a security by doing this...

So that means chainlink is also a security then. Lol stinky linkies btfo once again

ohhhhhh shit
vitalik is a genius

reminder that ETH itself was an ICO

holy fuck its over

actually as others have said, ETC was an ICO all ETH tokens where either forker or minded. The PoW is why its a commodity. PoW will not die as its the only way to get around the 'sole benefit' part of the security

WHY IS IT DROPPING?????

Because it spiked. It's gonna go back sub-400 in preparation for the coming biggest bull run yet (which will see >3k ETH and >$45k BTC)

Well this whole rally was sparked from a bitfinex tether artificial pump. Even if this was an organic rally there would be a correction, but what was done could cause a way worse fallout. The eth sec fud is strong as well.

> same creator
> same code
> creator init an ICO

Do you really think chairman is stupid ?

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Probably whales selling ahead of time before the SEC ruling.

>1) It is an investment of money
not if mined
>2) There is an expectation of profits from the investment
Not inherently, it's used to power the network
>3) The investment of money is in a common enterprise (ETH Foundation)
Maybe
>4) Any profit comes from the efforts of a promoter or third party
Not on paper

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ETH may be a security when it came out.

But the cat is out of the bag.

It's too big to fail.

ETH will never be declared as a security.

Thanks OP. Let me just buy some Google stock to use Google.... wait....

ETH is a commodity not a security you fucking brainlets

It's used to power the Ethereum network, it's like calling barrels of oil a security

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Id say there is a chance for a short term dip because "security" tokens are eth's only real use case atm. What u say.

if you're in the usa they require you to report earnings from mining any crypto.

This
Can you tell me why a significant part of the population is so fucking grounded in the past?
Ive been having discussions about "paying tax on crypto" for what feels like forever. Im german, so income tax is 45%. Now, every trade adds to income, and you pax tax on that income. But, what if i told you, that decentralized exchange is a thing, anonymous wallets are a thing, localbitcoins is a thing, people offering to sell crypto for cash is one, too?
Bottom line is the following: the state can not enforce taxation on all crypto gains. A law that cant be enforcwd is a hoax. Still, i noticed that people who voluntarily pay taxes on crypto seem to get mad, and wish harm on you, when you say that you actually wont do it. How is that mindset called? Its like a religious person that secretly, or openly, wishes for you to go to hell just because you dont believe the retarded shit they believe in.

Read his past statements on ICOs and eth

what if I just report my losses because of electricity bills and gpu and psu depreciation and just hODl will they pay me for it?

Eth in its current form is not a security, but rather used for utility. A very large amount of eth bought on places like coinbase is actually transfered out to binance wallets for trading.
But anyway speculation won't help any of us or determine anything

>Tether artificial pump
Tether is burned constantly to keep the price if usdt tether to 1~ usd. Printing more won't change that, as price of usdt would fall far below 1 usd if there was an oversupply

so is e classic not a security then or is eth not a security? technically eclassic as the original chain could be, but what about vitalik’s vision?