Show me the law that regulates precisely how I can distribute my magic internet tokens.
c. De-Centralized Virtual Currencies
A final type of convertible virtual currency activity involves a de-centralized convertible virtual currency (1)
that has no central repository and no single administrator, and (2) that persons may obtain by their own computing or manufacturing effort.
A person that creates units of this convertible virtual currency and uses it to purchase real or virtual goods and services is a user of the convertible virtual currency and not subject to regulation as a money transmitter. By contrast, a person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter. In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency.
Providers and Sellers of Prepaid Access
Dash's developer Vertoe has stated that Dash is centralized and under the sole leadership of Evan Duffield. This would take Dash out of the realm of decentralized virtual currency, and into virtual currency. The instamine would have to be proven to have been done on purpose and with the intent to "decieve"(Hence it being launched earlier than it was intended) and to benefit the developer(Which it did as he mined during that period of time). I'm sure you realize what would come with that, accusing Evan of having a subtle IPO if he had sold any of his coins, since has has promised ROI on the masternodes and the only way to get masternodes would to be buy coins.