Ethereum Dumpster Fire

𝐋𝐄𝐀𝐑𝐍 𝐓𝐎 𝐁𝐔𝐘 𝐀𝐍𝐎𝐍𝐘𝐌𝐎𝐔𝐒 𝐁𝐈𝐓𝐂𝐎𝐈𝐍➜➜➜
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.

In this video, I discuss the ongoing dumpster fire at Ethereum, including OFAC censorship by Coinbase, the CFTC backing away from ETH as a commodity, as well as the ETH staking withdrawal fiasco.

Commodity:

1) not issued by a government or corporation
2) cannot be changed by a small group of people

Think crude oil, gold, etc.

No one can deactivate the gold in your home safe.

Vitalik and the Ethereum Foundation can certainly deactivate your ETH. That's what they did with a chain rollback after the DAO hack in 2016

A commodity is not something issued by a software company like Ethereum or Cardano that is pretending not to be a software company. That's a security.

Just because you did your ICO in Japan or Switzerland does not absolve you from registering as a security with the SEC, especially if your token is going to be trading on US exchanges like Coinbase.

Ethereum is a software company. Vitalik is the CEO. ETH is an equity token that was issued to fund software development in order to make money for investors. Therefore ETH passes the Howey Test and is a security.

The project is controlled by a few key people at ConsenSys and the Ethereum Foundation like Vitalik and Joe Lubin.

The CFTC is finally waking up to these facts and backing away from ETH. This is very bad news for Ethereum, as it means that it will almost certainly end up being regulated by the SEC and having to file lots of disclosures that will cause investors to jump ship.

Not investment advice! Consult a financial advisor.

CFTC:
https://en.wikipedia.org/wiki/Commodity_Futures_Trading_Commission

CFTC used to think that ETH was a commodity:
https://dailyhodl.com/2022/09/29/cftc-chair-calls-bitcoin-and-ethereum-digital-commodity-tokens-says-regulator-seeking-more-power-from-congress/

Then FTX collapsed:
https://www.washingtonpost.com/business/2022/11/28/sam-bankman-fried-ftx-cftc/

Now the CFTC does not think that ETH is a commodity:
https://cointelegraph.com/news/cftc-chief-says-bitcoin-is-the-only-commodity-in-the-wake-of-ftx-collapse

Coinbase S-1:
https://www.sec.gov/Archives/edgar/data/1679788/000162828021003168/coinbaseglobalincs-1.htm

Ethereum price plunges after hoax claims founder Vitalik Buterin had died:
https://siliconangle.com/2017/06/29/ethereum-price-plunges-hoax-claims-founder-vitalik-buterin-died/

My prediction that Coinbase would censor Ethereum blocks:
https://www.youtube.com/watch?v=944eewSIxyI&t=3s&ab_channel=TraderUniversity

Watch Coinbase censor Ethereum:
https://www.mevwatch.info/

Brian Armstrong lied:
https://twitter.com/LefterisJP/status/1558944794658873344

Vitalik lied:
https://timestabloid.com/vitalik-buterin-is-ready-to-burn-his-stake-via-social-consensus-if-coinbase-and-others-tolerate-censorship/

Ethereum staking good for Coinbase's revenues:
https://decrypt.co/107662/ethereum-merge-coinbase-staking-jpmorgan

ETH insiders trying to decide when to unfreeze your funds lol:
https://decrypt.co/116763/ethereum-devs-staked-eth-withdrawals-shanghai-march-2023

13% of all ETH is being staked:
https://www.stakingrewards.com/

Crypto parasites:
https://twitter.com/fold_app/status/1600699634791358464/photo/1
https://twitter.com/level39/status/1558653961846022144/photo/1

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#ethereum
#bitcoin

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