[TylerE]

Seems like a fairly clear line can be drawn unambiguously.

If it’s, like Bitcoin, just a number in a ledger, it’s a commodity.

As soon as you attach any specific data to it, like a smart contract or tieing it to a single, tangible object like a painting, or paying rewards to people who bought before a specified time, it’s no longer fungible. It isn’t a commodity.

[pa7x1]

Confidently wrong. Par for the course in HN.

[TylerE]

Such a detailed rebuttal.

[pa7x1]

There is nothing to rebut. Your argument has nothing to do with Security's laws or the legal jurisprudence around it. It can be substituted by "if it starts with B like Bitcoin, it's not a Security" which contains exactly the same amount of argumentative power.

It takes significantly more time to construct a rebuttal than to produce a gish gallop of senseless arguments like the one above. So I will simply refer you to this link: https://isethereumasecurity.com/