Quote from: bitcoin_diamond on June 10, 2019, 09:11:35 PM

Quote from: Searing on June 10, 2019, 08:37:04 PM

Quote from: bitcoin_diamond on June 10, 2019, 08:29:06 PM

SEC CONSIDERING LITECOIN AS SECURITY BAD NEWS FOR LITECOIN..
https://www.cryptonewsz.com/sec-confirms-ethereum-as-legal-usable-currency-terms-kin-token-as-securities-in-a-lawsuit/24284/

er...maybe it is just me..but re-read the above link you just posted. The article above seems to say the opposite of what you are thinking

quote from above

What this could mean is that forks of these two blockchains, including Bitcoin Cash, Litecoin, Ethereum Classic, etc.
can also manage to doge the tag of securities rather than currencies.

unquote

see forks of these two blockchains....litecoin....can also dodge the tag of securities

So this says to me that likely Litecoin and forks of bitcoin will likely NOT be seen as securities

you may want to correct your previous post

brad

WELL changes are high for it to be called as securities cuz they use copied source from bitcoin

Just saying the article says the opposite. The fact that Bitcoin and Eth are NOT called securities...means (article) that the forks like Litecoin are likely to duck 'also' being called securities.

Also as an aside. There was 'no value' to the Litecoin copy of Bitcoin. It started from 0 worth with its own blockchain I believe. Thus no (see below) IRS forked coin $$$ from the sky issues.

Anything is possible. But the logic goes like this. If Bitcoin is NOT considered security..then it is likely forks of Bitcoin will also not be considered a security.

As to being forks and IRS and value of forks. That is another issue. (see above) Litecoin actually does not fall under value for forked coins via IRS in the fork did not pay out back in the

day. Again this is an aside to your question/view.

Who knows, just saying that is the counter-argument is above. You could very well be right. It is all very muddied.