Proof of State Coins Are Commodities

I think a lotof people will say that they are either a store of value or a pure speculative asset. So technical matters. I would say the proof of work coins are commodities. There ther're just goods that can be traded like anything else. You can call that commodity a currency if you are trying to use it as a currency, but it really isn't for the reasons that we talked about before. Proof of state coins, i think, are clearly, n my minds, securities, because they're investment contract by their very nature.