RE: How to create a Tribe and what goes into it. A guide for the curious. by mistakili

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Viewing a response to: @joeyarnoldvn/qov6a2

hive · @mistakili · Feb 21 '21

Perhaps you can read this post for more info about Howeys test for securities...

https://www.findlaw.com/consumer/securities-law/what-is-the-howey-test.html

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@joeyarnoldvn · Feb 21 '21

But does it make a correlation with how HP works?

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@mistakili · Feb 21 '21

No it doesnt. Hive is not a security in my own opinion.

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@joeyarnoldvn · Feb 21 '21

I don't disagree. John McAfee was talking about Bitcoin is not a security. After watching the videos where he explained it, I adopted his views on Bitcoin. I would imagine that Hive and many if not all true cryptocurrencies either are or could have been not a security like Bitcoin is not.
___
But my question is not in regards to what cryptocurrencies are not. We can say that they are not securities. Some or most of them probably are not actually securities.
___
But my question is in if the law in the United States as of right now view Bitcoin, Hive, and other cryptocurrencies, as securities, shares, money, assets, items that could be taxed, etc.
___
Many times, laws can be not right. So, if they were to say Bitcoin or Hive was a security or something, they would most likely be inaccurate. But I still want to know what the laws are even if the laws are wrong. Many laws can be wrong. I just want to know ahead of time what I'm getting myself into as life goes on.

👍 mistakili

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