> unregistered securities lying/pretending to be commodities
Let's assume you're correct. Tell me why having globally distributed securities be registered with the United States Securities Exchange Commission is 1) practical for people outside the U.S. or even desirable for the other 95% of the world population and 2) beneficial to people within the U.S. who do not have access to $1M in capital to be considered "accredited investors".
I don't care about securities law or what the US government does towards crypto. My point is that these ARE securities and bitcoin IS a commodity. When people truly understand this they realize owning anything crypto is akin to buying penny stocks and Bitcoin is basically digital gold 2.0
Bitcoin is a cryptocurrency. It was the first, every feature it has can be found in its forks (both chain and code forks) and competitors. The only thing bitcoin has over other cryptocurrencies is first mover advantage. That's it.
Bitcoin maxis are hilarious though "Bitcoin isn't crypto" is some of the funniest cope I've seen on the internet ever.
Let's assume you're correct. Tell me why having globally distributed securities be registered with the United States Securities Exchange Commission is 1) practical for people outside the U.S. or even desirable for the other 95% of the world population and 2) beneficial to people within the U.S. who do not have access to $1M in capital to be considered "accredited investors".