
Even BTC is a security
To be classified as a security, the "investment," the "efforts," and the "third party" identified in the Howey test should not be completely unrelated to any interest in the "common enterprise."
To be classified as a security, the "investment," the "efforts," and the "third party" identified in the Howey test should not be completely unrelated to any interest in the "common enterprise."
If the starters were implemented as digital assets on-chain, players could enforce this one starter design provably using the Bitcoin ledger as the source of truth.