1/ The situation in Ethereum could get real ugly. If $ETH would be worth same as ChatGPT parent OpenAi it would put price of $ETH around $350.

2/ This is not a comment on $BTC which is an alternative asset but $ETH which instead of a promised "network" has become a security and now the @NewYorkStateA is going to end the charade.

3/ When the AG opens the Ethereum Network kimono we expect the secrets of the to be just as bad as any shadowy organization with: self dealings, shady ICO transactions, multiple attempts to avoid federal laws of taxation and securities, all while being controlled by a small…

4/ …group of people under a guise of decentralization. When $ETH changed to proof of stake it jumped the Howey Test and showed its true face to be an investment vehicle and not the ridiculous promise of smart contracts.

5/ Our opinion that Vitaliks public charity efforts are reminiscent of the SBF effective altruism coverup combined with tax avoidance.

6/ Think about it this way at $175 bil ETH has same mkt cap as $DIS or for $175 bil you can buy Open AI + $LULU $CMG & $TWTR.

From Citron research on Twitter https://twitter.com/CitronResearch/status/1634168374623191040?s=20