Post
Topic
Board Press
Re: [2019-11-10] CFTC says Bitcoin AND ETH are Commodity
by
bbc.reporter
on 18/10/2019, 02:31:56 UTC
Agreed, I think they actually had a thread on this very forum for their ICO, and it was the first successful ICO that was ever run, here's the link I found.

https://bitcointalk.org/index.php?topic=428589.0

That's a piece of history there.

i'm not sure what constitutes the first "successful" ICO but NXT ran one in september 2013. it was fairly groundbreaking at the time and probably inspired the ethereum developers to launch theirs. https://bitcointalk.org/index.php?topic=303898.0

I don't really like CFTC's sorting of the coins, I think bitcoin needs to be in its own section, but what you are saying does make sense.

the commodity designation is a good thing---it implies fungibility.

How does the commodity designation imply fungibility? A coin is only fungible if the transactions cannot be connected or traced together which can only be a product of anonymous and private transactions.