Tommy and Brady take a look at Ethereum, discuss the debate about whether or not it is a security in the United States, summarize its history with the other kind of security and compare it to Bitcoin.
Links from the show below.
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Links from the show:
Is Ethereum a "noncompliant security" in the United States? https://www.thestreet.com/investing/bitcoin/ethereum-and-ripple-prices-might-come-under-pressure-soon-14567420 https://www.nytimes.com/2018/04/22/technology/gensler-mit-blockchain.html
Preston Byrne leans toward Ethereum being a security based on it's presale and centralizing force of the Ethreum Foundation: https://prestonbyrne.com/2018/04/23/on-ethereum-security/
Ethereum Presale Dynamics Revisited: https://medium.com/hasufl/ethereum-presale-dynamics-revisited-c1b70ac38448
Peter Vandenbergh from Coin Center argues Ethereum is now sufficiently decentralized to deem it comparable to Bitcoin and thus not a security: https://coincenter.org/entry/no-ether-is-not-a-security
A short history of smart contract hacks on Ethereum: https://medium.com/new-alchemy/a-short-history-of-smart-contract-hacks-on-ethereum-1a30020b5fd
ERC20 Tokens Compromised | 5 Octodecillion USD Hack https://steemit.com/erc20/@cryptocoremedia/erc20tokenscompromised5octodecillionusdhack-yl0zshns2r
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-Tommy and Brady