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0 pointshumanizersequel2y ago0 comments

Whether or not Coinbase is operating a securities exchange (they obviously are, despite the fact that I don't necessarily agree that "most" cryptocurrencies they list being securities by any reasonable application of the Howey test), and whether Coinbase Earn ("the product") is a security, are two distinct questions.

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tehlike2y ago

Which part of howey do you think Coinbase earn(not staking, but the product offered by Coinbase themselves) doesn't satisfy and is therefore not a security?

I made it explicit between staking (you staking your own money) and doing it through Coinbase.

humanizersequelOP2y ago

> not staking, but the product offered by Coinbase themselves

But the product Coinbase offers is staking.

tehlike2y ago

You are missing the nuance.

You can go ahead and try staking your money yourself on the protocol. But do it through coinbase equation changes.

Also coinbase earn does defi yield (which is more clear cut securities), but i am in mexico now, and can't tell if this were the case in the US or i am seeing geofenced content.

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0 pointshumanizersequel2y ago0 comments

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tehlike2y ago

Which part of howey do you think Coinbase earn(not staking, but the product offered by Coinbase themselves) doesn't satisfy and is therefore not a security?

I made it explicit between staking (you staking your own money) and doing it through Coinbase.

humanizersequelOP2y ago

> not staking, but the product offered by Coinbase themselves

But the product Coinbase offers is staking.

tehlike2y ago

You are missing the nuance.

You can go ahead and try staking your money yourself on the protocol. But do it through coinbase equation changes.

Also coinbase earn does defi yield (which is more clear cut securities), but i am in mexico now, and can't tell if this were the case in the US or i am seeing geofenced content.

1 more reply

j / k navigate · click thread line to collapse