{"id":13191,"date":"2022-07-09T15:42:00","date_gmt":"2022-07-09T15:42:00","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/proof-of-stake-like-cardano-are-risky-securities-michael-saylor-says\/"},"modified":"2022-07-09T15:42:00","modified_gmt":"2022-07-09T15:42:00","slug":"proof-of-stake-like-cardano-are-risky-securities-michael-saylor-says","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/proof-of-stake-like-cardano-are-risky-securities-michael-saylor-says\/","title":{"rendered":"Proof-of-Stake Like Cardano are Risky Securities, Michael Saylor Says"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Microstrategy CEO and notorious Bitcoin bull Michael Saylor<\/a> recently spoke with Justin and Aaron Arnold on the Altcoin Daily YouTube channel<\/a> where he discussed the flagship cryptocurrency and made a side step by making a comparison with Cardano (ADA).<\/p>\n

According to Saylor, there is a clear distinction between the proof-of-stake Cardano<\/a> and the proof-of-work Bitcoin<\/a>, which is that the former is in his view classified as a \u201crisky security token.\u201d He said:<\/p>\n

\u201cIn my opinion, Bitcoin is a digital commodity. I think that all the proof-of-stake networks are securities and they\u2019re all very risky. The regulators will decide whether or not they allow them to continue or whether or not they don\u2019t allow them to continue.\u201d<\/p>\n

Saylor elaborated on why proof-of-stake projects are securities and not digital commodities, by using Cardano as an example.<\/p>\n

\u201cThe token is a liability if it\u2019s not a commodity, and so fundamentally, this all comes down to an issue of \u2018can you establish your network as a commodity network?\u2019<\/p>\n

To be a commodity network, there has to be no issuer, no initial coin offering (ICO), no central organization and if you study the history of Cardano, it\u2019s pretty obvious it\u2019s a security. It checks all the boxes, so I don\u2019t know how you actually get around intellectually to convincing yourself that it\u2019s anything other than a security.\u201d<\/p>\n

Selling unregistered securities can have legal consequences, Saylor warned:<\/p>\n

\u201cTechnology won\u2019t save you though. Ultimately, if you\u2019re selling a security to the general public without a disclosure statement, the fact that it\u2019s technically advanced won\u2019t save you from the securities liability, so I would say technology is not an issue.<\/p>\n

The question is really going to be how will the securities regulators deal with crypto networks that are based on security tokens. I don\u2019t know, it\u2019s not my business. I\u2019m not in the business. I will leave it to other people.\u201d<\/p>\n<\/p><\/div>\n

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(Originally posted on : Crypto News – iGaming.org ) Microstrategy CEO and notorious Bitcoin bull Michael Saylor recently spoke with Justin and Aaron Arnold on the Altcoin Daily YouTube channel where he discussed the flagship cryptocurrency and made a side step by making a comparison with Cardano (ADA). According to Saylor, there is a clear […]<\/p>\n","protected":false},"author":5,"featured_media":13192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/13191"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=13191"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/13191\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/13192"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=13191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=13191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=13191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}