“Per the indictment, no diamonds or real estate, or any coins, tokens, or currency of any imaginable sort, ever existed -- despite promises made to investors to the contrary," Dearie said in his ruling. “Simply labeling an investment opportunity as a ‘virtual currency’ or ‘cryptocurrency’ does not transform an investment contract -- a security -- into a currency.”
Blockchains are a brilliant application of cryptography to the concept of a distributed, immutable log. But here's the thing: there is a 99% chance that blockchains are totally inappropriate for
Boosters of blockchain technology compare its early days to the early days of the Internet. But whereas the Internet quickly gave rise to email, the World Wide Web, and millions of commercial ventures, blockchain's only application - cryptocurrencies such as Bitcoin - does not even fulfill its stated purpose.
There's one incredible feature of cryptocurrencies that almost everyone seems to have missed, including Satoshi himself. But it's there, hidden away, steadily gathering power like a hurricane far out