What the fuck is a security anyway?

>tfw burgerland was founded upon fighting a tyranny to not pay taxes and now they can't even trade crypto without their bumfuck government coming in telling them what to do

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A security is a paper representation of ownership of equity or debt. To securitize means to separate the ownership from the object.

In other words, I can hold a piece of gold in my hand, and it is mine. I can also lock that piece of gold up in a room and never move it from place to place again, and sell a piece of paper called a 'security', which is the ownership of that gold (or a % of the ownership). The same can be done with debt obligations (as they are 'assets' to the holder on a balance sheet).

lmgtfy.com/?q=What is a security?

Rip all supply chain tokens

Thanks

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does this mean my beanie babies are securities?

am I gonna get arrested?

is link a security?

leaving this here
banking.senate.gov/hearings/virtual-currencies-the-oversight-role-of-the-us-securities-and-exchange-commission-and-the-us-commodity-futures-trading-commission

But crypto is a big PnD?

No fool. You use it in nodes yourself to make gainz.
Or not b/c fat fingered burger, but that is the main usecase.
While Eth, you buy it, dance on Despacito, Vitalik works to improve the network and you make gainz.