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Proof that the U.S. Securities and Exchange Commission absolutely met with that "3rd Party Promoter" of #Ethereum. #ETHEREUM WILL BE CONTROLLED BY THE ETHEREUM FOUNDATION ONCE WE BUILD IT"

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wEeZiE {X}🕵🏻‍♂️

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14,009 просмотров • 2 лет назад •via X (Twitter)

Финансы#Ethereum#ETHEREUM
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#Ethereum creator Vitalik Buterin explains why Ethereum is an unregistered security and therefore illegal in the United States. SEC and Gary Gensler, are you paying attention? Vitalik explains here on March 3, 2014, at a #Bitcoin conference in Texas that he will be headquartering Ethereum in Zug, Switzerland in order to evade securities law of the United States. Approximately 70% of Ethereum's supply was given or sold to Ethereum's founders and a few insider investors before Ethereum was made available to the public in an Initial Coin Offering. Vitalik explains here that Ethereum is a business. He is making an investment pitch to the audience. This is the definition of a security. #Bitcoin is the only crypto asset that has been deemed a true commodity by the Securities Exchange Commission (SEC) and Commodities Futures Trading Commission (CFTC). #BTC

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Tom Lee: Ethereum DATs can use ~$500 million in annual staking rewards to fund grants for Ethereum ecosystem “The Ethereum Treasuries — Bitmine and Sharplink among others — now own 7% of the Ethereum supply… Treasury stock is essentially supply permanently taken out from the ecosystem, but we also own the yield. The yield is around 3% so today these public treasuries are generating ~$500 million in rewards, and that is what we can use to fund and grant the crypto ecosystem.” Lee believes that the Ethereum Foundation narrowing its focus to CROPs (censorship resistance, openness, privacy and security) is the right decision. “Ethereum is a $240 billion network value entity. It has been operating for 11 years without a single day of downtime. There’s 11,500 nodes in 89 different countries. And there’s 15,000 developers. I think this is too big to be coordinated by a single foundation.” As Ethereum continues to scale, he believes the ecosystem will move beyond a foundation-centric model and points to private companies like Etherealize, Optimism, Consensys, Enterprise Ethereum Alliance, and Offchain Labs that represent the Ethereum ecosystem and are already doing enterprise engagement. “This list doesn’t yet reflect the spinoffs coming from the Ethereum Foundation. There’s at least five, and I think Bitmine will play a role in granting and supporting any of those that come out.” “I think Ethereum is in good hands because the foundation is going to be stronger by staying focused. We have a lot of private sector companies already building products and important L2s on Ethereum. And of course, the treasuries are here to help with funding and granting… If you’re bearish, you are selling at the bottom.”
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