Stefan, most people (not #XRPHolders) underestimate the incredible advantage the free pass gave #Ethereum, @ConsenSys, etc. Ironically, it was @ethereumJoseph who understood just how much of an advantage it was.
https://twitter.com/leerzeit/status/1504746725654810625
On August 5, 2020,
Lubin falsely claimed:
“There are only two decentralized protocols on the planet right now that are sufficiently secure enough and decentralized enough so that they can be trusted. Those are #Bitcoin and #Ethereum.”
👇
Lubin falsely claimed:
“There are only two decentralized protocols on the planet right now that are sufficiently secure enough and decentralized enough so that they can be trusted. Those are #Bitcoin and #Ethereum.”
👇
https://twitter.com/digitalassetbuy/status/1450893630256910341
Lubin added that #Bitcoin is too difficult to program, and therefore, for ALL developers of “value tokens”, #Ethereum is:
“the only game in town.”
“the only game in town.”
On October 6, 2020, Lubin admitted his and #Ether’s
“regulatory advantage”;
stating:
“#Bitcoin and #Ethereum arrived before regulators were paying attention”
(not true)
and that:
“we were fortunate enough to frame our token as a utility token.”
(#ETH is crypto⛽️ theory)
“regulatory advantage”;
stating:
“#Bitcoin and #Ethereum arrived before regulators were paying attention”
(not true)
and that:
“we were fortunate enough to frame our token as a utility token.”
(#ETH is crypto⛽️ theory)
In 2020, Lubin was almost 😅 gleeful when he said:
“Regulators are watching so pretty much all the tokens need to be introduced to the world in a convoluted fashion or are really just going to be seen as securities.”
👇
“Regulators are watching so pretty much all the tokens need to be introduced to the world in a convoluted fashion or are really just going to be seen as securities.”
👇
https://twitter.com/digitalassetbuy/status/1445083402852573207
Now you understand why he cheerfully claimed:
“We are big friends and fans”
of the SEC and praised its application
“of something called securities law”.
He added that the SEC has:
“introduced a new construct called decentralization” into their regulatory thinking.”
“We are big friends and fans”
of the SEC and praised its application
“of something called securities law”.
He added that the SEC has:
“introduced a new construct called decentralization” into their regulatory thinking.”
Lubin praised the Hinman Speech and stated that the SEC saw #Bitcoin and #Ether as:
“decentralized”
and said:
“no transactions involving those particular assets are considered to be securities.”
“decentralized”
and said:
“no transactions involving those particular assets are considered to be securities.”
Of course Lubin couldn’t stop there. He also added:
“They have not said the same about other tokens like #XRP.”
Lubin claimed to know that the SEC was not going to find any token other than #Bitcoin and #Ether to be decentralized.
Who was Lubin’s source:
Bill Hinman.
👇
“They have not said the same about other tokens like #XRP.”
Lubin claimed to know that the SEC was not going to find any token other than #Bitcoin and #Ether to be decentralized.
Who was Lubin’s source:
Bill Hinman.
👇
https://twitter.com/digitalassetbuy/status/1434967377091903490
Thus, in 2018 #BTC & #ETH were the only two platforms w/ regulatory clarity. With #BTC limitations, it drove almost all serious developers to Ethereum.
Today, many underestimate how much of a de facto monopoly the free pass provided.
But it does put these claims 👇 in context.
Today, many underestimate how much of a de facto monopoly the free pass provided.
But it does put these claims 👇 in context.
https://twitter.com/consensys/status/1504524202828775431
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