<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>gwbas1c</author><text>The reason why many cryptocurrencies are considered securities is because there&amp;#x27;s a certain group of people promoting them as in investment. They are claiming that their cryptocurrencies will rise in value.&lt;p&gt;If you study the definition of money, and what makes a good currency, there&amp;#x27;s no kind of money that rises in value merely because you own it. Money is meant to be spent or invested, not hoarded. (Adam Smith&amp;#x27;s &amp;quot;Wealth of Nations&amp;quot; gives a much better explanation in the first few chapters than I can.)&lt;p&gt;So, the point that you have to register as a security is the point that you start convincing people to own your cryptocurrency as in investment. At that point, your cryptocurrency isn&amp;#x27;t money; because money is meant to be spent.&lt;p&gt;How do you keep the SEC out of your cryptocurrency? Invent a cryptocurrency that functions as money. You will need to figure out how to keep the value stable on a day-to-day and year-to-year basis. That means that the supply needs to expand and contract quickly based on demand. &amp;quot;Mining&amp;quot; based cryptocurrencies can not do this.</text><parent_chain><item><author>TallGuyShort</author><text>So if some anonymous person invents cryptocurrencies, at what point are you supposed to be considered securities? If the first exchange had gone to SEC to register as a securities exchange, would the SEC not have laughed in their face? The headline itself really captures the ambiguity and uncertainty of all of this: &amp;quot;potentially unlawful&amp;quot;.</text></item></parent_chain></comment><story><title>Statement on Potentially Unlawful Online Platforms for Trading Digital Assets</title><url>https://www.sec.gov/news/public-statement/enforcement-tm-statement-potentially-unlawful-online-platforms-trading</url></story>
<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>aje403</author><text>Of course they would have laughed in their face. Do you see Nasdaq trying to list Dogecoin? There is no ambiguity or uncertainty here - there is a big problem and they&amp;#x27;re trying to reign it in with gloved hands before it becomes one and it turns into a big economic mess that the government will have to foot the bill to eventually clean up.&lt;p&gt;This site likes to complain about wealthy inequality - common people like your grandparents and uninformed but good hearted relatives are providing liquidity for a growing number of new millionaires and billionaires to exit imaginary money who have provided less than zero benefit or service to our society and are leaving the country to avoid tax payments and taking money out of our economy.</text><parent_chain><item><author>TallGuyShort</author><text>So if some anonymous person invents cryptocurrencies, at what point are you supposed to be considered securities? If the first exchange had gone to SEC to register as a securities exchange, would the SEC not have laughed in their face? The headline itself really captures the ambiguity and uncertainty of all of this: &amp;quot;potentially unlawful&amp;quot;.</text></item></parent_chain></comment><story><title>Statement on Potentially Unlawful Online Platforms for Trading Digital Assets</title><url>https://www.sec.gov/news/public-statement/enforcement-tm-statement-potentially-unlawful-online-platforms-trading</url></story>