Definition of Bitcoin in the Evolution of Money

[TPTB_need_war]

Definition of Bitcoin in the Evolution of Money

Watch the linked video. He nails this. Gold and silver are dinosaur relics now, as well paper, platforms, and institutions.

Andreas Antonopoulos makes the point that what distinguishes decentralized crypto-currency from other forms of money, including digital money, is that it is a decentralized protocol, i.e. a language and not centralized platform or institution. Since I agree 100% with this definition and especially how he explains it in the context of the history of money, it appears to coincide with my view that the securities law applies to managed platforms and institutions and not to decentralized, unmanaged protocols. Thus if some group is controlling the protocol, I think they could be argued to be the managers of the "investment securities" which are the coins.

Thus I agree with the voter who voted that all crypto-currencies which have a group managing the protocol are thus "investment securities", regardless whether they sold the coins or not.

I highly recommend listening to that presentation by Andreas.

[SFR10]

The guy is awesome, the moment he starts to talk, I sort of get hypnotize just listening to him speaking about bitcoin, his answers was all on point and the closing statement regarding banks failure was spot on that they fail on their on without anything involved which I also believe this for a fact and also that he stated hopefully bitcoin be there when the monetary system fails and to pick their pieces as well was one of the points I liked most and to add on top of that his jokes was great indeed.... One question though , who is the guy name Max? I just heard of him but it seems his famous as well since Andreas recognizes him by voice before actually zooming on him