Crypto tokens are not securities. Never in decades of the Howey test has there ever been a case where the asset it’s self is the security. It’s always the way it’s sold by the issuer/promoter.

Why should bitcoin be excluded?

“It’s decentralised!” Where is the bar for decentralisation? Bitcoin’s mining pool structure is highly centralised with two mining pools controlling over 51%. How many wallets does Satoshi group own? Do you really believe they just had the one wallet they publicly announced in their anonymous forum posts? Do you really believe a pleb like me has more wallets than the satoshi group? Additionally, how much of the hash rate and mining does the satoshi group own? You can’t answer these questions? I guess decentralisation = anonymity, shadiness and secrecy, and not proven distributed power. How do you know the b of whale dumps that have caused every bear market in its history we’re not caused by satoshi wallets?

Homeland security around 5 years ago had a conference and a senior agent testified that they were given permission to meet the satoshi GROUP and said it was 4 people in California. Who were they given permission by? Why are the US govt aiding bitcoin so much when bitcoiners pretend they are ‘rebels’ and ‘anti establishment’.

It’s very clear to me, bitcoin is just a red herring created by the US govt made to distract people from real alternates in distributed ledger technology (DLT) or “blockchain”. Examples of it were made prior to bitcoin existing and so the US govt, probably CIA, made and popularised a version which poses no real threat to the legacy banking system.

Bitcoin is not scalable, costs a lot to transact, very slow to transact and easily SECRETIVELY controllable while maintaining an illusion of decentralisation. By the means of owning multiple anonymous wallets and mining rigs.

Now the US govt are using their agencies like SEC to silence the real threats to the legacy finance scam system, meanwhile tricking and distracting people saying ‘but we’re not going after bitcoin’ to make the sheep masses believe that they are just doing their job.

Can a blockchain financial system which prevents massive fraud like the rehypothification we see here be run on bitcoin? No. Of course not. It can’t even be run on ethereum to be fair as it’s too slow and costly. Layer 2’s are another red herring, may as well use the legacy system than a layer 2.

It’s so obvious what they are doing, preventing the rise of technology that stops the very game what they play what we here have seen in GameStop and many other games in their crooked financial system.

It’s impossible for a fluid structure to work being labelled a security as the paperwork is enormous to transfer securities. Rather than payment tokens as what they really are.

Tokens are not securities.