Come Hither to the Crypto Cornucopia

A technological and legal framework for regulating blockchain products

The Feds thought they could sneak behind me while I'm blind and on the operating table, three of the most important legislatures on finance and financial technology.

The GENIUS Act, the CLARITY Act, and the SEA (the Securities Exchange Act).

As far as game theory here, I won in terms of the GENIUS and CLARITY Acts, and the SEA was mutually beneficial.

The aristocracy around the cryptocurrency or fintech space has failed to understand the basics of providing legislature that promotes a commerce of Industry. The main feature of a blockchain that enables commerce is its immutability. When this core and defining component goes unprotected then the entire ledger can be corrupted.

That is what is occurring under GENIUS and CLARITY, that the immutable blockchains are unprotected by these acts.

The commerce of Industry requires revenue streams in cryptocurrency not just point-of-sale and payment apps. This is a deconstructed economy: apps for money that requires to be exchanged, not money that exists already through revenue.

Immutability enables a completely constructed economy on a single chain like Bitcoin, and smart contracts on chains like Ethereum. Without immutability which is UTXO on Bitcoin (Unspent Transaction Output), the balances in the wallets of the blockchain would be unverifiable.

Behavior difference:

Your bank tracks your balance and holds your money in fractional reserves.

Your bitcoin wallet holds verifiable money validated by the blockchain ledger which is decentralized and distributed.

Legal Definitions

Building interest on your currency or holdings is in your control with Bitcoin than fractional reserve banking. You are able to hold large sums of cryptocurrency than any other commodity in a short period of time with blockchain wallets and accounts. This wealth accumulation also relies on Immutability to secure the address's transaction data.

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Despite this, the correct terminology legally and technologically would be a blockchain is an energy transference and securance system that can validate work through space and time both linearly and non-linearly.

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As far as financial technology, the bitcoin blockchain allows for the commodification of such energy property called bitcoin ($BTC) with the limit of 21 million to ever be transferred. 21 million energy awards in the form of blocks that can split down to the eighth decimal point. The smallest energy unit called a Satoshi .00000001BTC ($SAT).

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Legally, the bitcoin blockchain is a decentralized, distributed and immutable ledger.

Nothing less makes sense. Nothing more is needed.

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The Securities Exchange Act (SEA)

The commodification of blockchain technology though does not require Immutability. In the SEA, the anti-trust mechanisms in place are clear enough for revenue to be defined and the commerce of Industry for the blockchain is protected. As for decentralization, the ledger when used in these instruments is no longer decentralized though the origin chain of Bitcoin is.

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Blockchain Deserves the Hype

The blockchain is the ultimate storyteller. One that will join generations of interactions to form an economy that may validate itself, an intelligent economy with embedded data and information in the currency or commodity. A currency that doesn't just transact but also learns and adapts in real-time. A currency that has to no matter what keep the end-user in mind. A commodity with directionality.