Please somebody convince me to sell my Ethereumđ
Discussion
Hang tight
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Thatâs what Iâm talking about.
JP Morgan
WEF
Chain rollback
ICO scams
PoS
70% premine
Absolutely shit
And it will never get a new ATH against bitcoin ever again 2017 was the peak and itâs all downhill from here.
Sell it and cleanse your soul by buying the best most scarce asset in existence.
Itâs literally a scam and was made to make the founders more Bitcoin idk how much more convincing you need đ
I need facts, I need Data
Calling something a scam does not make me a very tight believer, even if it is literally đ Do you have any reliable sources?
70% premine by Eth insiders who now dump ETH on you at every local peak is just one factâŚ
Fundamentally do you understand the difference between proof of work and proof of stake? Iâd start there if you still are left wondering.
If someone holds more gold than you it doesnât change anything about goldâs properties or anything (Bitcoin is the same way).. This is different from If someone or a small group of people owns 70% of the shares/issued stock and are able to manipulate the price and make changes to the company how they see fit.
One is a centrally controlled company at best and the other is unchangable stable state internet property.
Eth is a scam because it claims to be decentralized but literally has a non-profit that holds a large amount of the total eth supply which pays devs and insiders on the profits they make for the inner group.
Seems it is going to fall hard, be careful, tomorrow is a key day
I understand that tomorrow is the opening of the option to sell your stacking? Can you elaborate or share an article on the matter?
As soon as I realize the government can censor transactions I sold. I need unstoppable on corruptible money. Ethereum is not that.
Uncontrollable. Sorry about the typos above.
Does it pass the Howey test ? No. Very likely an unregistered security and operating illegally.
Can it be shutdown by government instruction, by coercing a single person (Vitalek) or small group ? Yes
Censorable ? Yes, already happening.
Use cases that cant be done by Bitcoin layered stack ? Not that Ive seen
so .. value proposition ?
Great points, thank you!
Do you believe in a world where only # bitcoin thrives? Without any government counter answer to money ( i.e CBDC)? I find it hard to imagine (Sure thing weâll know to stay away but most of population wonât) so one use case for Ethereum, centralized and controlled as it might
It can be also be built upon, which ( excluding ordinals) Bitcoin canât provide
Ethereum also gets burned successfully and gets scarcer
Stay humble stack SatsâŚ
â˘ď¸
This.. this happens with all alt coins pay attention
70% Premine - Scam
Decentralization - Scam (dies without infura)
ICO - Scam
DeFi - Scam
CEO vitalik can't stick to a hard cap on ETH supply, and no one can verify total supply of ETH.
You forgot that all of your transactions get âvettedâ to be OFAC compliant by most validating nodes
This because this happens in every alt coin
Youâve read âWhen Money Diesâ and The Price of Tomorrowâ and still havenât dumped your ETH bag?
We have all been there every single bitcoiner at some point had alts and ultimately dumped them all for BTC. This chart (ETHBTC) is trending to ZERO.
Iâm on chapter 8 of âThe price of tomorrowâ and yeah, me SELL finger gets very itchy đ
Do you run your own eth node that contains the entire history since itâs initiation? If not then sell it immediately
Read this article:
The eth founders/eth foundation:
- kept 20% of the pre mine for themselves
- collected bitcoin for the pre mine sale and kept 76.5% of the bitcoin for themselves and almost all the rest for âcommunications, community outreach, and researchâ (sounds pretty centralized)
- have drastically changed the monetary policy from the beginning
- paid themselves 25-50% interest on loans they made to the project
- had no mechanism to enforce the 12.5% of total supply purchase limit during the premine (Al of the eth couldâve literally been bought by 1 person or 1 group with multiple addresses)
