There is an actual person he can take down with ordinals, whom is that person with bitcoin?
Discussion
Itās not about that. Itās about regulations. Bitcoin is not considered an investment contract. Itās exempt from SEC securities regulations. The wrong BRC20 token could (I wonder) change that.
No it canāt, the brc20 token(or whatever they call the particular variety) itself would be the security, similar to a gold etf. The issuer would be issuing an illegal security based on a commodity. There will always be an individual who issued the
āTokenā within the commodity that is bitcoin. Above and beyond that, the token doesnāt actually exist at all without an overarching serialization methodology, and casey can literally just turn that off and someone else would have to build it back up and turn it back on again to allow the ātokensā to even exist. There are layers to the onion and bitcoin will remain a commodity.