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🎬🧵VIDEO THREAD (Re-creating due to videos being corrupted) Explaining how #Ethereum is a con game to enrich the biggest #ETH holders/stakers at the expense of users 📺 #1: Pre-Sale 📺 “Not sold for speculative purposes & started decentralized” -Joe Lubin / ETH Foundation
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📺#2: Pre-Sale📺 CEO Vitalik giving a pre-pre-sale marketing presentation of his new company Buyers give BTC (real money) & in return they get a pre-mined “token” Notice how he’s talking about how they had to setup their “company” in the right jurisdiction to avoid liability
📺#3📺 “we determine the price” Pre-ICO, Vitalik struggles to explain how they came up with the token price Note: Bitcoin launched w/no “price” & was mined/spread by hobbyists before any “exchange” existed ETH foundation still manipulates the price. Don’t believe me? See #4
📺#4 📺 “(In 2017) I did get the Foundation to sell 70,000 ETH…right at the top & that’s doubled our runway” So, the ETH/BTC price is around the same today, but the “foundation” has doubled their “runway” (ie: US Dollars) Equivalent: CEO dumps on shareholders w/o disclosure
📺#5: The Merge📺 Vitalik says ETH forking to “proof of stake” means they won’t be constrained by physics & they can make their own “security” Note: the nature of security is forcing software to obey physics ie: captchas requiring human work that software can’t do Ie: bitcoin
📺 #6: Censorship 📺 At pre “merge” #ETH developers meeting, devs explain that their switch to “proof of stake” can enable censorship.. …then ironically suggesting they can kick off a validator if the validator censors. Irony
📺 #7 📺 ETH co-founder, Lubin, is asked about how much ETH he holds “I guess no comment” Note: “proof of stake” means the biggest “stakeholders” get the most rewards & have the most say on changes to the protocol (supply/issuance/Etc)
📺#8📺 2018 Cringeworthy tech company style marketing hype for “ETH 2.0” Rapping meaningless buzzwords Paid employees dancing in the background ..which helps make them sound super smart, & like they aren’t building an (technically, economically, ethically) unsound system
📺#9📺 "I basically expect that the Merge is going to be kind of, not priced-in" -Vitalik (July 2022) Telling people to expect a price increase from the merge. This didn’t happen & they dumped more ETH As of today, the ETH/BTC price is down about 15% since the “Merge”
🖼️ #10 🖼️ Scammer Vitalik telling someone to launch a token and “speculate around the announcement” Note: Threw this chat screenshot image in this video threat to highlight how he has no ethical qualms about dumping on retail “investors” (ie: marks)
📺 #11 📺 “It hasn’t yet, but we’ll see…” Creepy scammer Vitalik in an PR interview with Vice. Vice never asks any hard questions & OFC paints him as a genius changing the world Remind you of anyone? (ie: SBF)
📺#12📺 Mashup of US Securities & Exchange Commissioner, Gary Gensler explaining securities laws & clips of vitalik’s own words …highlighting how Ethereum is actually violating US securities law ie: company issuing stock & masking as a decentralized money H/T:@HODLneverSODL
🖼️ #13 🖼️ Who do you think “we” is?
📺 #14📺 ETH Co-founder, Joe Lubin saying the government should regulate other cryptocurrencies trying to be money… …but not his scam.. …b/c he says it’s “infrastructure” & “you don’t want to regulate innovation” So it’s not “Ultra Sound Money” (as #ETH promoters claim)?
📺 #15 📺 Here Vinay Gupta, someone who worked on #ETH in its early development days …but sold his ETH, & left… …before it turned into the leveraged scheme con game used to extract liquidity from retail…
📺#16📺 Vitalik at an ETH conference in Prague… Not 5 years ago…in 2023… …telling people: 1) ETH can easily be replaced by a big tech company with more capital 2) ETH could still fail 3) ETH is still centralized H/T meme edits by @TheVladCostea
📺 #17 📺 Here’s vitalik talking about how he’s not comfortable with the security risks of staking ETH
📺 #18 📺 The Ethereum foundation is “bullish” on “Ponzi games”
📺 #19 📺 “One possible scenario...is that we lose decentralization with restaking, but it doesn't actually matter.”
📺 #20 📺 Another Ethereum core developer who doesn’t feel comfortable staking his eth.
🖼️ #21 🖼️ Consensys (Ethereum Foundation Company) advertising how CBDCs can run on the #Ethereum Blockchain Ethereum influencers promoting ETH being used for government CBDC authoritarianism & surveillance
🖼️ #22 🖼️ There’s also this gem… In 2017, #Ethererum CEO, Vitalik Buterin claims that possession of child porn doesn’t impose risks on others.. …then makes the case for legalizing possession of child porn I added this basically to show you that he’s just a flat out creep
📺 #23 📺 Here’s ETH co-founder, Joe Lubin on 5/21/22, sadly telling people that Ethereum can be used for CBDC slave money ETH is a disgraceful scam & anyone who supports it is scum
📺 #24 📺 Joe Lubin lying, dodging, and words like “disseminate” when pressed about his & consensys’ ownership of the ETH network and about how he encouraged single wealthy individuals to buy under multiple identities during the ICO
📺 #25 📺 CEO of “Ultra Sound Money”
🖼️📉 #26 🖼️📉 Total amount of “#DeFi” (decentralized IN NAME ONLY) hacks/exploits as of 8/1/23: $77 BILLION Stolen. Gone. Note: most of these “hacks” can be the creator pulling the rug on the users “Defi” is the biggest centralized (trust based) scam going on ETH today
📺#27📺 @TomerStrolight narrates his article explaining: “The Problem with Ethereum” Part 1 of 2
@TomerStrolight 📺 #28 📺 @TomerStrolight narrates his article explaining: “The Problem with Ethereum” Part 2 of 2
@TomerStrolight 📺 #29 📺 YouTube educator, @mattkratter explains how Vitalik Buterin and #SBF were actually partners on a lot of things; and Vitalik clearly lied when he said he didn’t respect him
@TomerStrolight @mattkratter 📺 #30 📺 Vitalik admits that all the ETH “layer 2s” and “rollups” have “backdoors” that they plan to remove at some point. The future of finance Sure
@TomerStrolight @mattkratter 🖼️ #31 🖼️ Reminder: “The purge” is part of Ethereum’s roadmap of hard forks. Removing old data from the history
![If you do anything today, please listen to this 3-min clip on what Co-CEO Joseph Chalom refers to as The ETH Opportunity... FYI, Joe is the former Head of Digital Assets Strategy at BlackRock, who drove the creation of IBIT, ETHA, and BUIDL. "The more assets and transactions that are secured on the Ethereum network, have been proven to increase the value of ETH..." "If you look at the last 5 years, for each $2 secured on the network, on Ethereum and the L2s, it's driven about $1 of market cap value of Ethereum [ETH]..." "And if you take a step back and say stablecoins are at this size today, but Treasury Secretary Scott Bessent says it's gonna grow to a trillion over the next 3 years, if you look at the adoption of RWAs, which is in the first inning and can literally go j-curve, the value of tokenized assets which could be measured in the trillions or tens of trillions... they are gonna be secured by a decentralized network. We believe the vast majority is gonna be Ethereum. That is a bull case for ETH..." "If more assets are secured on the Ethereum network, the value of ETH will go up, and the value of it being a trust commodity, the highest value of money, is gonna be critically important if you believe we are at a paradigm shift, and that's what I call the ETH opportunity. It's not a trade, it's an ETH opportunity." "And for all of those who feel like they missed the early days of crypto, you are at still a very early entry point in the adoption of Ethereum and that is the long term ETH opportunity, not the ETH trade." ACCELERATE 🚀](https://image.24vids.com/tw-1956382051604615290/amplify_video_thumb/1956380413691138051/img/CBz4OEsUyr7ow2dn.jpg)
