Then don’t use a metaphor of a gold mine. If you compare TON to shares of a gold mine (what they did in the linked blog) then clearly it is a security.
Ofc it is a security. I just pointed out why they tried to avoid it. Not because they where to lazy to do the paperwork like half the people in here suggest.
so you're saying "it's a security, but it shouldn't be treated as security because security law forbids <enter activity here>", which means you want to break the law.
they tried to break the law so it's not allowed. i don't see a problem here