Ethereum co-founder recorded explaining how to “disguise” ICO ETH purchases
1–10 of 25 posts
Re: Ethereum co-founder recorded explaining how to “disguise” ICO ETH purchases
#2What does this mean for the non-crypto audience?
Re: Ethereum co-founder recorded explaining how to “disguise” ICO ETH purchases
#3What does this mean for the non-crypto audience?
It looks like it means that even the founders of Ethereum intended to enable fraud, disguising large institutional investors as many individual investors so that the market would be mislead about the popularity of ethereum.
Or to be frank - the messsage to the non-crypto audience is this:"Yet again, the crypto guys seem to be scamming each other, stay the hell away".
Re: Ethereum co-founder recorded explaining how to “disguise” ICO ETH purchases
#4What does this mean for the non-crypto audience?
It means that Ethereum is a super shady project and probably an illegal, unregistered security, not a commodity property like bitcoin.
It's a mystery why the SEC hasn't torn them apart.
Re: Ethereum co-founder recorded explaining how to “disguise” ICO ETH purchases
#5What does this mean for the non-crypto audience?
Ether is in part premined. Before the token went public, a select few insiders were able to buy lots of it at practically no cost.
Here the co-founder explains how to buy more than the agreed maximum per holder, by simply creating multiple accounts to buy them. The founder actively encourages fraud and does it on record.
Re: Ethereum co-founder recorded explaining how to “disguise” ICO ETH purchases
#6Wait… I put all of my retirement and kids’ college money into ETH. I told my friends and family to do that too so we can get rich. Was that a bad idea?
My brother said he didn’t trust his money to a 27-year-old Russian kid who looks like a tweaker. My brother doesn’t know how to write code, I told him to do the research.
Should I be nervous or start shopping for a Lambo?
Re: Ethereum co-founder recorded explaining how to “disguise” ICO ETH purchases
#7What does this mean for the non-crypto audience?
Ether is in part premined. Before the token went public, a select few insiders were able to buy lots of it at practically no cost. Here the co-founder explains how to buy more than the agreed maximum per holder, by simply creating multiple accounts to buy them. The founder actively encourages fraud and does it on record.
It’s decentralized and totally transparent. Do the research first.
Re: Ethereum co-founder recorded explaining how to “disguise” ICO ETH purchases
#8What does this mean for the non-crypto audience?
Ether is in part premined. Before the token went public, a select few insiders were able to buy lots of it at practically no cost. Here the co-founder explains how to buy more than the agreed maximum per holder, by simply creating multiple accounts to buy them. The founder actively encourages fraud and does it on record.
Everybody was able to pre-buy Ether at the time, not just "a select few insiders".
https://www.coindesk.com/markets/2020/07/11/sale-of-the-cent...
Re: Ethereum co-founder recorded explaining how to “disguise” ICO ETH purchases
#9Earlier quoted context omitted.
Ether is in part premined. Before the token went public, a select few insiders were able to buy lots of it at practically no cost. Here the co-founder explains how to buy more than the agreed maximum per holder, by simply creating multiple accounts to buy them. The founder actively encourages fraud and does it on record.
It’s decentralized and totally transparent. Do the research first.
The point is that the founders apparently intended for large whales to disguise their purchases. This means individuals bought into a system that was advertised as being decentralized, when it was apparently intended to merely /appear/ to be decentralized. Remember Ethereum is planning on moving to "proof of stake".
Re: Ethereum co-founder recorded explaining how to “disguise” ICO ETH purchases
#10Earlier quoted context omitted.
Ether is in part premined. Before the token went public, a select few insiders were able to buy lots of it at practically no cost. Here the co-founder explains how to buy more than the agreed maximum per holder, by simply creating multiple accounts to buy them. The founder actively encourages fraud and does it on record.
Everybody was able to pre-buy Ether at the time, not just "a select few insiders". https://www.coindesk.com/markets/2020/07/11/sale-of-the-cent...
Maybe, but it was under the pretense that the project was intending to be "decentralized", not controlled by whales who followed the founders' advise of disguising their purchases.