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I think that the rest of crypto takes a shortcut. The shortcut is issuing unregistered securities. So, there really isn't an example that I can think of of any kind of smart contract network or proof-of-stake or crypto network that competes with Bitcoin that didn't take the shortcut of an unregistered security. They're not
decentralized.
Michael Saylor
Michael Saylor Thinks Most Cryptocurrencies Are Unregistered Securities
66: Michael Saylor on Bitcoins killer app, Ethereum, Web3 & inflation
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