Lawyers. Everything you thought you knew about #cryptocurrency and the #blockchain is wrong. The laws regarding what you possess and what you know are wildly different, as they should be. You can't possess a cryptocurrency, it's not possessable. When someone steals your purse, you don't have it anymore, they do. When someone steals your private key, you still have it. Because a private key isn't something you have, it's something you know. How many millions of people have written their seed words down somewhere. And how many of you millions have proof that no one else's eyes have seen the light reflected off that page? Every law that treats cryptocurrency as something you have instead of something you know is deeply flawed. Blockchains are about knowledge, not possession. It is fact. It is provable. It is obvious if you do the math. Here's 12 seed words from the BIP 39 word list that most "wallets" use to generate addresses: like february unaware banana paddle excite vanish secret under lounge rich fan If someone assigns value to an address derived from those, do you in fact have dominion and control, because you read those words? Do you not, in fact, have the same exact dominion and control as thousands of others now? Here's a funny one. What if someone assigned value to an address that is 2,000,000,000,000,000,000,000,000,000 deep in the derivation. Could you have possibly even known the value was there? It's computationally impossible to monitor a blockchain for all the possible addresses whose value your seed words might unlock. Thus, you can't even actually know what value a seed word might have, for you can't actually know the near infinite addresses it could access that could have value. And good luck trying to check again every 10 seconds a new block hits. Here's another funny party. You can even derive new addresses from your seed words using different derivation paths, so there's not just one address set. In summary. In cryptocurrency and the blockchain, there is no such thing as possession, there is only knowledge. Thus, the laws that best fit are not those concerning possession, or custody, but those that concern the creation and dissemination of knowledge. If I see that someone has scratched your back, and you know feel obligated to scratch theirs, because you're a good human with the emotion of reciprocity, am I a money transmitter because I witnessed it and would testify to it? Was not value exchange or created? What rules should govern the witnessing and professing of truth? I hope I can educate everyone about this world changing computer science breakthrough that makes truth and it's publication and verification more affordable, free and open than in any other time in the history of man. I pity any man who would stand in the way of technological progress, or worse, attempt to harm those making the world a better place. History has not been kind to such small men. There's a brighter future in store for us all, because of technology and in spite of those that attempt to stifle its progress. bip39 word list: github.com/bitcoin/bips/blob… TLDR; Cryptocurrency is something you know, not something you have. A crypto wallet is a keychain, it doesn't hold money it hold's keys. When you "transfer" crypto, you didn't actually transfer anything, the things are still right where they always were. Years of wrong thinking about mathematical fact needs to be amended in the halls of power. The job of an educator is a wholesome one.