Is DigiByte a Security, I Think Not, and that could be a good thing!

in #digibyte6 years ago

So as the market seems to be waiting on SEC 's final decision on what is a security and what is not, and how that affects crypto currencies as a whole, Jay Clayton (SEC Chairman), did say Bitcoin is not a security but most ICO's are. 

So with that said, you may or may not know that DigiByte did not have an ICO and started up similarly to Bitcoin, but unlike Bitcoin it’s fast and cheap (low fees, easy buy in). 

With that said, I feel that DigiByte would make a great primary trading pair for other crypto currencies and could avoid the regulations and costs of securities.  

I know this could be a long shot, but I am going to email Binance (my favorite exchange) and ask them to use DigiByte as a primary trading pair like BTC, USDT, BNB and ETH. 

*Disclaimer: I am not a financial expert and this article is not investment advice, it is just my opinion.    

Thanks for stopping by.    


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Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
BNBBinance Coin17.107$3.05%22.57%
BTCBitcoin7695.760$1.49%1.8%
DGBDigiByte0.035$3.41%4.39%
ETHEthereum607.970$0.71%5.23%
USDTTether1.000$-0.17%-0.01%