Logo
Cardano Ecosystem

BitcoinEthereumNews

07/08/2022

·

809 views


Is Cardano (ADA) a Security? Bitcoin (BTC) Billionaire Michael Saylor Analyzes Eighth-Largest Crypto Asset by Market Cap

The post Is Cardano (ADA) a Security? Bitcoin (BTC) Billionaire Michael Saylor Analyzes Eighth-Largest Crypto Asset by Market Cap appeared on BitcoinEthereumNews.com. Bitcoin (BTC) bull and Microstrategy CEO Michael Saylor says he considers proof-of-stake blockchain Cardano (ADA) to be...

Is Cardano (ADA) a Security? Bitcoin (BTC) Billionaire Michael Saylor Analyzes Eighth-Largest Crypto Asset by Market Cap

Bitcoin (BTC) bull and Microstrategy CEO Michael Saylor says he considers proof-of-stake blockchain Cardano (ADA) to be a security.

In a new interview on the Altcoin Daily YouTube channel, Saylor says there is a distinction between Cardano and proof-of-work blockchain Bitcoin.

“My opinion is Bitcoin is a digital commodity. I think that all the proof-of-stake networks are securities and they’re all very risky. The regulators will decide whether or not they allow them to continue or whether or not they don’t allow them to continue.”

Saylor then explains why he thinks proof-of-stake projects like ADA are securities and not digital commodities.

“The token is a liability if it’s not a commodity, and so fundamentally, this all comes down to an issue of ‘can you establish your network as a commodity network?’

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’s pretty obvious it’s a security. It checks all the boxes, so I don’t know how you actually get around intellectually to convincing yourself that it’s anything other than a security.”

Saylor warns selling unregistered securities comes with potential legal consequences regardless of the token’s technological offerings.

“Technology won’t save you though. Ultimately, if you’re selling a security to the general public without a disclosure statement, the fact that it’s technically advanced won’t save you from the securities liability, so I would say technology is not an issue…

The question is really going to be how will the securities regulators deal with crypto networks that are based on security tokens. I don’t know, it’s not my business. I’m not in the business. I will leave it to other people.”

I

&nbsp

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/MassyCG

Source: https://dailyhodl.com/2022/07/08/is-cardano-ada-a-security-bitcoin-btc-billionaire-michael-saylor-analyzes-eighth-largest-crypto-asset-by-market-cap/

Post navigation

AD

Delegate Your Voting Power to FEED DRep in Cardano Governance.

DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!


Read Original Article on BitcoinEthereumNews

ORIGINAL SOURCE

https://bitcoinethereumnews.com/bitcoin/...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


An image that says Learn Blockchain technology and get ahead in the industry with a link to the Cardano Academy.

More from BitcoinEthereumNews

See more
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com
BitcoinEthereumNews
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com

03/15/2023

·

1.6K views

Related News

See more

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)