Today I walked into the break room for a coffee, and some financial news network was on the TV. And I noticed, for the first time, that right along with the NASDAQ, the Euro, and the price of crude, they were showing the live price of Bitcoin.
The solution is to move to a world of privately created money with real backing, such as a basket of commodities, or one or more metals, such as gold, silver, or aluminum.
SHARETo qualify as a “security” also known as an “investment contract” Luminium Coin would need to qualify for the 4 criteria of the Howey Test. Established the Supreme Court, an investment contract constitutes the following: 1. An investment of money 2. In a common enterprise 3. With the expectation of profit 4. To be derived…