Is ETH security? Why?
Discussion
Jp Morgan runs it well eventually
Are they invested in eth?
Yea. Vitalik received funding from them way back.
Funny you say that I had a Reddit article pinned and idk they took that down
I remember, back during the COVID lockdown, reading articles about how the Ethereum foundation had a funding round where JP Morgan gave them the bulk. Can't find them anymore. That's not suspicious, right?
Funny because it's hard to find articles on it nowadays.
Pre-sale and pre-mine are huge factors, imho
Not to mention those who hold the most eth, now under pos, get to vote their proposals through.
& they are also PoS, so technically they control everything 🤷♂️
Yes, that power comes from having a huge pre-mine
I’m no securities lawyer, but the pre-sale seems enough for me to qualify it as a security because it checks all all boxes. 
The ethereum foundation already had control tbf, which was p apparent when they forked after the DAO hack.
It's a lot, bookmarked!
This video describes very clear why Eth is a security.
It clearly fails the Howey Test imo
"Ethereum is the mother asshole from which shitcoins spring"
Saifedean Ammous
I mean it's a fact!
maybe, maybe not https://www.coincenter.org/no-ether-is-not-a-security/
I saw that but it clearly fails the "Howey Test" imo.
I think there has been a misunderstanding. He meant “is ETH a security HACK” 🤣
Greg Foss posted this on Twitter earlier today:
“The Howey test is a legal test used in the United States to determine whether a transaction qualifies as an investment contract and, thus, is considered a security under federal law.
According to the test, a transaction is a security if it is (1) an investment of money, (2) in a common enterprise, (3) with the expectation of profit, or (4) to be derived from the efforts of others”
I also saw multiple lawyer discussing it in context of ETH, it fails on every single one.