The analogy to cash feels a bit strained. There's a difference in backing, don't... | Hacker News

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		jvanderbot on Feb 22, 2025 \| parent \| context \| favorite \| on: Bybit loses $1.5B in hack The analogy to cash feels a bit strained. There's a difference in backing, don't you think?

Saline9515 on Feb 22, 2025 [–]

I was referring to the Howey test, that is used to determine if an asset is a security: https://www.findlaw.com/consumer/securities-law/what-is-the-...

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