Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
Computer law expert opinion Adam Viziri:
Next area is substance over form. If, for instance, the digital asset promises a return, provides a dividend, provides access to the capital appreciation of a project then you are building an investment instrument regardless of how it looks.
Masternodes are a digital asset which promise a return/dividend, thus they are investment instruments.
Duffield's lawyer must know this, but either thinks THE DARKCOIN FOUNDATION INC. can get away with it, or is helping some TLA build a honeypot in exchange for immunity.
Next area is substance over form. If, for instance, the digital asset promises a return, provides a dividend, provides access to the capital appreciation of a project then you are building an investment instrument regardless of how it looks.
Masternodes are a digital asset which promise a return/dividend, thus they are investment instruments.
Duffield's lawyer must know this, but either thinks THE DARKCOIN FOUNDATION INC. can get away with it, or is helping some TLA build a honeypot in exchange for immunity.
Except in DASH's case the blockchain pays the masternodes for the work they are doing. Just like it pays the miners for the work they are doing.
You're not promised any return or dividends for buying the coin.
http://darkcoin.guide/wp-content/uploads/2014/12/masternode_payment_plan.png
