A note from Daniel

Regulators and policymakers generally agree that tokens that power "sufficiently decentralized" blockchain networks should be classified as commodities, not securities. It is widely agreed that Bitcoin has reached this threshold of sufficient decentralization. There is no group of people who have special knowledge that is material to the future price of Bitcoin. Therefore, Bitcoin is classified as a commodity like gold, instead of a security like Apple stock, and isn't subject to cumbersome processes.

Daniel Read Write Own, page 175 · March 22, 2024 Save to shelf
Notes like this take four seconds in Booksense. Scan the paragraph, it lands on the right page, and comes back for review later. Take your first note

More from readers of Read Write Own

More from Daniel

See their profile

Stop losing the best parts of what you read.

Booksense pushes your highlights back to you for review, so a note from page 174 is still yours a year later. Free on iOS.

Daniel on Booksense 5,999 notes 387 hours of reading