mikethegreat on Nostr: *⚡️Why BITCOIN not ETH⚡️* #[2] @ minute mark: 2hr 30min #[3] explains it ...
*⚡️Why BITCOIN not ETH⚡️*
j (npub1mt8…7aan) @ minute mark: 2hr 30min saylor (npub15dq…lm5m) explains it best:
*“…The question is whether or not you should focus all your energy creating applications on top of an ethical digital property, like bitcoin, or whether you should attempt to create a competitor to it which generally would be deemed as the security by the bitcoin community…if there’s a CEO with all these projects…if you call them a foundation, it doesn’t make it not a security. They’re all in essence, collections of individuals that are issuing equity in the form of a token and if there’s a pre-mine an IPO or a foundation or any kind or any kind of protocol where there is a a group of engineers that have influence over it… it looks like a security”*
See: https://m.youtube.com/watch?v=mC43pZkpTec
j (npub1mt8…7aan) @ minute mark: 2hr 30min saylor (npub15dq…lm5m) explains it best:
*“…The question is whether or not you should focus all your energy creating applications on top of an ethical digital property, like bitcoin, or whether you should attempt to create a competitor to it which generally would be deemed as the security by the bitcoin community…if there’s a CEO with all these projects…if you call them a foundation, it doesn’t make it not a security. They’re all in essence, collections of individuals that are issuing equity in the form of a token and if there’s a pre-mine an IPO or a foundation or any kind or any kind of protocol where there is a a group of engineers that have influence over it… it looks like a security”*
See: https://m.youtube.com/watch?v=mC43pZkpTec