Post
Topic
Board Legal
Re: Are Bitcoins Securities Under U.S. Law?
by
cbeast
on 07/02/2012, 17:13:53 UTC
To me it seems like if bitcoin is not a currency, and if it's not security (investment contract), then is bitcoin then a commodity?
A lawyer argues here: http://www.ferner-alsdorf.de/2011/06/bitcoins-wahrung-oder-ware/wettbewerbsrecht/strafrecht/rechtsanwalt/verkehrsrecht/ that Bitcoin is a commodity according to German law.
I think of commodities as things that can be put into buckets, currencies that can be put into pockets, and contracts that can be put into file folders. If you were to memorize a private key and then destroy it, it becomes only a thought which can only be expressed. Therefor Bitcoin is speech.