> A security is a contract, not just anything that people trade around in a speculative way.
The scary thing IMO is that I think if you had enough big money trading bottlecaps or baseball cards, you'd quickly find them being considered a security.
But words have to mean something. Things can't just be a "security" because they make the government feel insecure.
> A security is a contract, not just anything that people trade around in a speculative way.
The scary thing IMO is that I think if you had enough big money trading bottlecaps or baseball cards, you'd quickly find them being considered a security.
But words have to mean something. Things can't just be a "security" because they make the government feel insecure.