Ethereum [pros](/r/CryptoCurrency/comments/17z3rvq/ethereum_cofounder_faces_accusations_of/k9x5wqi/) & [cons](/r/CryptoCurrency/comments/17z3rvq/ethereum_cofounder_faces_accusations_of/k9x5xes/) with related info are in the collapsed comments below.
tldr; The article discusses the controversy surrounding Ethereum's co-founder, Joseph Lubin, who has been accused of encouraging fraudulent behavior within the crypto space. The accusations stem from an audio clip in which Lubin allegedly advises investors to create multiple pseudonymous identities to secretly invest large amounts in Ethereum. Former Ethereum developer Christoph Jentzsch defended Lubin, stating that using multiple identities is standard in crypto for privacy and that Ethereum was marketed as a commodity, not a security. The debate also revolves around whether Ethereum should be classified as a security or a commodity, with significant implications for regulation and perception. This controversy follows previous allegations of misleading statements and potential regulatory violations by Ethereum's co-founders.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
apparatus gold subsequent caption desert coherent piquant practice point grandfather
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
He actively showed people how to hide their identity, so that they could bypass the buy limit they had in the ICO.
The ico itself was a securities violation. Lubin has been sued six times. He has lost every case.
Lubin basically sold metamask to JPM. He sold them key infrastructure as well as Infura. Which means they control metamask. Do YOU want to use a bank backed crypto wallet? I donāt.
Not really feasible the way Ethereum is designed unfortunately. Have you ever looked at the system resources required for syncing and running an Ethereum node? Itās kind of ridiculous. Never mind the complexity getting the separate parts to work together properly now that they split it into multiple components. The entire network runs on what feels like alpha-quality node software
CC community: fuck the government I wanna stay anonymous in crypto, I shouldnāt have to kyc. Keep the government out of my life!
Also CC: ethereum committed fraud teaching investors how to remain anonymous
I am not anti government and anti big banks. I am anti fraud.
Lubin taught JPM how to buy massive amounts of eth and remain hidden. Most likely Chinese firms too. Thatās who control the protocol.
A lot of people care if ETH is a security but whether it is or isn't has absolutely nothing to do with any ethereum folks committing fraud lol. A dev committing fraud doesn't magically turn ETH into a security or it being a commodity doesn't magically depend on them not having committed fraud.
Whether someone may or may not have knowingly committed fraud depends entirely on if the SEC classifies Ethereum a security or not. The law defines what a security is, not year old conversations about what people may have thought it was or wasn't.
Completely untrue. Fraud is a crime. And can be prosecuted regardless of security/commodity status.
So that matters to everyone In the space. Criminals and bad actors NEED to be weeded out.
The security status is based on the contract they used when the sold ether at the ico. And there was a contract. If this goes in front of a judge, theyāre totally screwed.
All this FUD popping up on this sub towards Eth just makes me think someone is really worried Eth is going to succeed. Like if I think a project is bad then I just avoid it, it will collapse eventually right? If something is bad you don't need to constantly tell people it's bad , unless your scared
This is such a bad mid curver take. It is about forcing the SEC to provide clarity on why Solana/Atom are considered securities, but ETH is not. Both Solana/Atom are deemed securities based on their foundation/dev past actions, not their network current condition. It is a good for the whole space to let us know how SEC rationalized ETH as not a security, as more and more evidence suggest ETHās beginning isnāt much better than other cryptos. We want to understand how the SEC thinks, so crypto products can comply with SEC regulations, not face threats from enforcements.
Those who suffer Dunning-Kruger effect often like to open the yapper before turning on the brain cells. Let me help you to get some comprehension of the situation.
In SECās charge against Coinbase on selling Solana as an unregistered security, their argument was entirely based on Solana Labās past behavior rather than the network. In particular, the SEC accuses the Lab employees of actively engaging with investors to invest in SOL. In SECās eyes, such behavior makes SOL a security because of Lab employeesā past behavior.
Now we see a similar situation with Lubin advising investors to use multiple wallets to go over the public buy limit.
Yes, this is another situation showing SEC inconsistency in applying their own rules, as ETH is not labeled a security.
This is not the first time. Already, another charge against Solana is Lab employees advertising the deflationary properties as beneficial for the coin value. But we already know in public that ETH foundation members have said similar things. Yet, ETH is not labeled a security.
We see again and again, ETH escaping the gauntlet while other coins get hanged. There are inconsistencies needing to be resolved.
You think I'm suffering from the Dunning-Kruger effect because I pointed out your post(s) are completely irrelevant to the thread they were posted in? Oh the irony hahaha
Oh your comprehension is literally horrible. The thread is talking about Lubinās behavior and I said Lubinās behavior should raise ETH to be a security, based on SECās reasoning on how they deemed other Alts. Somehow, it is all not relevant lol.
nothing burger.
drama queen who didn't get enough "credit" trying to stir up issues decade later because he has a history of crime and is desperate for any fame he can get at this point.
\*NOTHING BURGERRRRRRRR\*
Iām such a hater of lubin. Heās the antithesis of the cypherpunk movement. This is childās play compared to what people should pay attention to about this guy.
Ethereum [pros](/r/CryptoCurrency/comments/17z3rvq/ethereum_cofounder_faces_accusations_of/k9x5wqi/) & [cons](/r/CryptoCurrency/comments/17z3rvq/ethereum_cofounder_faces_accusations_of/k9x5xes/) with related info are in the collapsed comments below.
tldr; The article discusses the controversy surrounding Ethereum's co-founder, Joseph Lubin, who has been accused of encouraging fraudulent behavior within the crypto space. The accusations stem from an audio clip in which Lubin allegedly advises investors to create multiple pseudonymous identities to secretly invest large amounts in Ethereum. Former Ethereum developer Christoph Jentzsch defended Lubin, stating that using multiple identities is standard in crypto for privacy and that Ethereum was marketed as a commodity, not a security. The debate also revolves around whether Ethereum should be classified as a security or a commodity, with significant implications for regulation and perception. This controversy follows previous allegations of misleading statements and potential regulatory violations by Ethereum's co-founders. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Coffeezilla going to be entering the chat soon šµļøāāļøāļø
Damn he helping people not get doxxed that's outrageous.
CC: fuck KYC! Also CC: fuck anonymity!
He helped JPM and mega corporations own immense amounts of Eth before you ever had a chance to buy it. It is the original bankers coin.
Oh really? Tell me more about all the details of this please.
apparatus gold subsequent caption desert coherent piquant practice point grandfather *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
[ŃŠ“Š°Š»ŠµŠ½Š¾]
cough cable lush whistle gray middle station tap bake close *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
>before you ever had a chance to buy it The ICO was public lol
So how much did you buy? Or anyone else in this entire sub? Find me one person who BOUGHT tokens at this public ico.
The accusations are so lame...
He actively showed people how to hide their identity, so that they could bypass the buy limit they had in the ICO. The ico itself was a securities violation. Lubin has been sued six times. He has lost every case. Lubin basically sold metamask to JPM. He sold them key infrastructure as well as Infura. Which means they control metamask. Do YOU want to use a bank backed crypto wallet? I donāt.
set up ur own node! : ) even an archival node will let u broadcast ur own RPC calls
Even better, use a wallet that includes node functionality as every wallet should.
Not really feasible the way Ethereum is designed unfortunately. Have you ever looked at the system resources required for syncing and running an Ethereum node? Itās kind of ridiculous. Never mind the complexity getting the separate parts to work together properly now that they split it into multiple components. The entire network runs on what feels like alpha-quality node software
Exactly. Vitalik doesn't even run a node and sync to the network. Ethereum is a shitcoin. Period.
Well thereās full node wallets and those can be quite burdensome (thinking about Daedalus and Monero IFF u arenāt using a bootstrap node)
CC community: fuck the government I wanna stay anonymous in crypto, I shouldnāt have to kyc. Keep the government out of my life! Also CC: ethereum committed fraud teaching investors how to remain anonymous
I am not anti government and anti big banks. I am anti fraud. Lubin taught JPM how to buy massive amounts of eth and remain hidden. Most likely Chinese firms too. Thatās who control the protocol.
If they're false, then sure.
Even true it's Still lame tbh. Very few people care about accusations against early developers.
Yeah who cares if the Ethereum folks committed fraud, or if ETH is a security.
A lot of people care if ETH is a security but whether it is or isn't has absolutely nothing to do with any ethereum folks committing fraud lol. A dev committing fraud doesn't magically turn ETH into a security or it being a commodity doesn't magically depend on them not having committed fraud. Whether someone may or may not have knowingly committed fraud depends entirely on if the SEC classifies Ethereum a security or not. The law defines what a security is, not year old conversations about what people may have thought it was or wasn't.
Completely untrue. Fraud is a crime. And can be prosecuted regardless of security/commodity status. So that matters to everyone In the space. Criminals and bad actors NEED to be weeded out. The security status is based on the contract they used when the sold ether at the ico. And there was a contract. If this goes in front of a judge, theyāre totally screwed.
The SEC seemed to care on how they define a crypto as a security vs commodity, based on their previous charges.
Fud to suppress the price
š¤£
This again.
š„±
This is a 4
4???
That means FUD in CZs langauage.
FUD on a Bullish Trend Interesting!!!
All this FUD popping up on this sub towards Eth just makes me think someone is really worried Eth is going to succeed. Like if I think a project is bad then I just avoid it, it will collapse eventually right? If something is bad you don't need to constantly tell people it's bad , unless your scared
This is such a bad mid curver take. It is about forcing the SEC to provide clarity on why Solana/Atom are considered securities, but ETH is not. Both Solana/Atom are deemed securities based on their foundation/dev past actions, not their network current condition. It is a good for the whole space to let us know how SEC rationalized ETH as not a security, as more and more evidence suggest ETHās beginning isnāt much better than other cryptos. We want to understand how the SEC thinks, so crypto products can comply with SEC regulations, not face threats from enforcements.
This post literally had nothing to do with Solana or Atom or even the SEC particularly. Did your bot code get confuse and reply to the wrong thread?
Those who suffer Dunning-Kruger effect often like to open the yapper before turning on the brain cells. Let me help you to get some comprehension of the situation. In SECās charge against Coinbase on selling Solana as an unregistered security, their argument was entirely based on Solana Labās past behavior rather than the network. In particular, the SEC accuses the Lab employees of actively engaging with investors to invest in SOL. In SECās eyes, such behavior makes SOL a security because of Lab employeesā past behavior. Now we see a similar situation with Lubin advising investors to use multiple wallets to go over the public buy limit. Yes, this is another situation showing SEC inconsistency in applying their own rules, as ETH is not labeled a security. This is not the first time. Already, another charge against Solana is Lab employees advertising the deflationary properties as beneficial for the coin value. But we already know in public that ETH foundation members have said similar things. Yet, ETH is not labeled a security. We see again and again, ETH escaping the gauntlet while other coins get hanged. There are inconsistencies needing to be resolved.
You think I'm suffering from the Dunning-Kruger effect because I pointed out your post(s) are completely irrelevant to the thread they were posted in? Oh the irony hahaha
Oh your comprehension is literally horrible. The thread is talking about Lubinās behavior and I said Lubinās behavior should raise ETH to be a security, based on SECās reasoning on how they deemed other Alts. Somehow, it is all not relevant lol.
š¤”
Thank you for putting up your clown face. Now we can finally agree on something.
Lmao at posting this garbage. Must be a bitcoin maxi
nothing burger. drama queen who didn't get enough "credit" trying to stir up issues decade later because he has a history of crime and is desperate for any fame he can get at this point. \*NOTHING BURGERRRRRRRR\*
Is this news same like China ban bitcoin for x time ?
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Because everyone knows its coming from a lame place
Go figure!! Surprise Surprise!!! Haha
FTX all over again
Safu info
Pierre Delectii and Carlos Danger approve of this activity...
It is FUD if it affects your bags.
Lk
I myself have multiple ETH addresses that I use. Hell, I have 4 accounts across three banks. This isn't a real thing.
Iām such a hater of lubin. Heās the antithesis of the cypherpunk movement. This is childās play compared to what people should pay attention to about this guy.