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https://warpcast.com/~/channel/brypto
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ted (not lasso)
@ted
pretty sure revenue coins are considered securities btw they do exist, but you don’t “see” them in plain sight because we can’t market that a coin will generate users a profit unless you want the SEC at your door instead, they’re cleverly designed, named, and marketed by smart teams who play by the rules
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links 🏴
@links
They are 100% a security as defined by the SEC.
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Alemac
@alemac
what are revenue coins? could you give me an example? thanks ted!
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Zay Ron
@zayron
Good job bro 😊
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Nate Maddrey
@nmadd
💯 that's why you see so many coins burning tokens with their revenue instead of just distributing directly to holders. it's a roundabout way of creating a revenue coin without violating security laws hopefully we see some sensible regulation that allows for more direct ways of distributing revenue, could be a big unlock
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Kieran Daniels 🎩
@kdaniels.eth
Yes but it’s not a security because there is no current definition of a tokenized security. Unless you get got = you’re good.
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Monteluna
@monteluna
Why do even crypto people not get there's an extreme difference between some company tokenizing their stock and promising to give dividends from off chain activity, and an actual programmatic utility token that has smart contract guarantees of fee payment flow? If one does understand this distinction, the *last* thing we should want are tokenized equities. No, I don't want fractional ownership of a coffee shop dividend token, because the activity is offchain and there's no guarantee the owner will distribute funds to me.
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bry
@brykayne
Thanks for sharing @ted! Spot on 💪 Would love to think through this a bit more- rev coins that are “cleverly designed, named, marketed by smart teams who play by the rules” More to come!
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depressivehacks
@depressivehacks
Okay, this is a nitpicking question, but wouldn't they be considered revenue tokens? Why do people call them coins?
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Glo Ry🌺💙
@glowry
For real
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Parinpics
@parinpix
Exactly 👏🏻
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