RE: BLOODY IMPORTANT QUESTION: should we consider STEEM-ENGINE tokens a security or utility?

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BLOODY IMPORTANT QUESTION: should we consider STEEM-ENGINE tokens a security or utility?

in blockchain •  5 years ago 

I say to hell with the bloody crypto regulations. Multiple people I know say ask for forgiveness, not for permission. I believe the problem is everyone seems to follow crypto regulations no questions asked. I respond with this question why have security laws in the first place? Also, why force people to upload id for kyc when the id can and will be hacked. It's not a question of if someone will be hacked, but when. As for taxes, the government can not tax cryptocurrency unless if they can physically force someone to do so. Sorry, I am just ranting about USA regulations again as my posts do. Steem engine tokens are "utility tokens" not securities because I don't see any that are securities. I also say the whole security idea is a bunch of baloney that the US uses to control citizens. I am also tired when writing this. Rebel against the system. If the government can not control cryptocurrency/blockchain do whatever the hell you want. The government is nothing but thugs anyway.

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Thank you for your comment @dm312

You seem to be very rebelious :)

I respond with this question why have security laws in the first place?

Simply because people more powerful than us created this law to protect their own businesses.

Yours
Piotr