“Are there any misconceptions about how the law applies to crypto, or how your decisions should be interpreted, that you wish you could get across?

One misconception is that the judges can't understand this technology — we can. And that’s not just judges, it's anybody. People have these views in two extremes. It’s either that “crypto is fake, it's not real,” or “it's so technical that you can't understand it.” And my takeaway, as I’ve discussed and as hopefully comes out in my opinions, is just that crypto is understandable. It’s just like money — it has value, it's used, it’s what people think it is.”

protocol.com/fintech/magistrat

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@nsarwark Two big differences, however:

(1) Crypto advertises itself as both a currency *and* an investment.
(2) Crypto is a net negative on our economy, eating endless electricity, a tangible commodity, for no real gains.

@LouisIngenthron @nsarwark point one is also true for every currency in the international market.

@fu @nsarwark Are they though? Seems to me most government-backed currencies are more-or-less expected to slowly lose value over time. Their goal seems to be less about wealth creation and more about stabilization.
Bonds would be closer to the fiat version of investment product, I would think.

@LouisIngenthron @nsarwark I can only speak for myself buy my fincial advisor recommends a portion (25%? My eyes usually glaze over by this time) to invest in currencies other than dollars.
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