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> I think Ethereum has some good leadership, but I think this is something that they really need to get a policy on now. Do they? I see a brilliant 22-year old
by aaron-lebo 10y ago
> I think Ethereum has some good leadership, but I think this is something that they really need to get a policy on now.
Do they? I see a brilliant 22-year old in Buterin, some respectable people like Gavin Wood and a massive crowd around them that has perverse incentives. An organization that has a massive amount of money (and people who want to make money) and with that the desire to reinvent everything (think I'm kidding, go read about dapps).
Hang around a cryptocurrency forum for awhile an you get an idea of how delusional and downright scammy the vast majority of those communities are. 18 year olds from Sweden scamming people and running pump and dump schemes and then getting doxed and threatened and people investing their life savings into stupid altcoins (yes, saw both of those, as well as much more). It's like the payday loan industry, and like that industry the people at the top have no reason to clean it up. Not only are they not cleaning it up, they are encouraging it. In the r/ethereum subreddit in the early days Youtube videos comparing Buterin and Jobs were getting voted up without even a second consideration that it might be premature.
It's easy to rant against the evil of the banks and the people in power when you don't have power, but when you have power, you do the same?
Something is wrong with Ethereum and scams like this have a chance of destroying cryptocurrency from a legal standpoint before it even gets started.