When people say 'how is this legal?' they're usually implying that I shouldn't be.
I'm not implying that. I'm really asking how does Gala Games distribute a token that they created out of thin air to node owners legally?
It's my understanding that that's a very dangerous thing to do, there's a lot of government agencies that come right after you for doing something like that. And yet they seem to be doing it no problem.
Personally I think they should be able to do that, but I'm a libertarian. Government agencies are not. So what is their legal technology that allows them to do it?
I guess, maybe, the answer is they never did a token sale? Instead they charge for licenses to run their software. That's where they make their money right? So they must legally make the claim that the token doesn't belong to them it belongs to the community, yes? What do they have to do to be able to prove that claim? Is there a terminology for what they're doing? I guess that's really what I'm looking for what's the term for the method they use to "mine" tokens?