[michwill]

All right, but if the coin is inseparable part of the resource, it cannot be a security. There is a thin line here.

Imagine a coin securitizing Bitcoin miners ("cloud mining coin"). Yes, that's a security.

Now imagine Ethereum. It was ICO'd, talking in today's terms. Is it a security? (hint: SEC just admitted it's not)

[gamblor956]

All right, but if the coin is inseparable part of the resource, it cannot be a security. There is a thin line here.

True, but then you're limited to things which can be stored in a blockstream in the space allocated to a single coin. There aren't many useful resources that could fit into that space, even fewer that would scale.

Now imagine Ethereum. It was ICO'd, talking in today's terms. Is it a security? (hint: SEC just admitted it's not)

Unless there is something about Ethereum that I'm not aware of, it does not represent any sort of ownership interest in another asset, it is the asset.

[Animats]

The SEC's position on the DAO was that they were not going to apply their guidance retroactively to that one. Going forward, though, they're cracking down.

[joosters]

Where did the SEC say the ethereum ICO wasn't a sale of securities?

[Frogolocalypse]

> Now imagine Ethereum. It was ICO'd, talking in today's terms. Is it a security? (hint: SEC just admitted it's not)

I didn't see any admission like that. Quite the contrary. I think the statement pretty clearly places the ethereum ICO (as distinct from the functioning network after) as a security.

https://blog.ethereum.org/2014/07/22/launching-the-ether-sal...

There are a number of points in that post that scream security.