In this episode, we discuss how Ethereum may have committed suicide by switching to a proof of stake protocol! With the recent SEC enforcement and possible US ban on "crypto staking" what are the long-term ramifications for Ethereum? Probably not going to make it. One thing we know, Bitcoin doesn't care.
There is no second best!
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Sauces and Media
► Kraken has agreed to pay $30 million: https://protos.com/kraken-settles-with-sec-over-crypto-staking-is-coinbase-next/
► After Kraken, These Crypto Companies Could Be Targeted Next By SEC: https://bitcoinist.com/kraken-crypto-companies-could-be-next-sec/
► SEC, NYDFS, and OCC Gear Up for Battle With Crypto, Stablecoins, and Exchanges: https://beincrypto.com/sec-nydfs-occ-battle-crypto-stablecoins-exchanges/
► Ethereum co-founder Joe Lubin says no chance ETH is classed as security: https://cointelegraph.com/news/ethereum-co-founder-joe-lubin-says-no-chance-eth-is-classed-as-security
► Operation Choke Point 2.0 Is Underway, And Crypto Is In Its Crosshairs: https://www.piratewires.com/p/crypto-choke-point
► SEC Chair Gensler Raises Concerns Over ‘Staking’ Model on Ethereum: https://www.bloomberg.com/news/articles/2022-09-15/gensler-raises-concerns-over-staking-model-used-on-ethereum
► Coinbase CEO warns the SEC may consider Ethereum security: https://www.fxstreet.com/cryptocurrencies/news/coinbase-ceo-warns-the-sec-may-consider-ethereum-a-security-heres-what-to-expect-202302090636
► Pretty Obvious’ Ethereum (ETH) Is a Security, Says Billionaire CEO Michael Saylor: https://dailyhodl.com/2022/07/12/pretty-obvious-ethereum-eth-is-a-security-says-billionaire-ceo-michael-saylor-heres-why/
► Ethereum (ETH) is a Security that Passed the Howey Test: https://thecurrencyanalytics.com/altcoins/ethereum-eth-is-a-security-that-passed-the-howey-test-36271.php
► Because you can’t *unstake* it: https://twitter.com/m_e_t_a_m_a_s_k/status/1624216300191973378?s=46&t=6GtndR7ydsMR212xIrHV0w
► Ethereum is a MASSIVE ponzi: https://twitter.com/bitcoinschurch/status/1600620544503717892?s=46&t=6GtndR7ydsMR212xIrHV0w
► I can’t find the unstake button: https://twitter.com/technologypoet/status/1602652392897527808?s=46&t=6GtndR7ydsMR212xIrHV0w
► The Ethereum Ponzi scheme is much, much larger: https://twitter.com/lpcapitalchi/status/1592494812749770757?s=46&t=6GtndR7ydsMR212xIrHV0w
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