Ethereum founder slams “Bitcoin enthusiast” Michael Saylor…details here
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Answer Ethereum founder slams “Bitcoin enthusiast” Michael Saylor…details here
Ethereum co-founder Vitalik Buterin criticized Michael Saylor, CEO of MicroStrategy, in a recent tweet, calling Bitcoin extremist Michael Saylor a total clown.
In a video, Saylor claimed that stock laws are based on the Ten Commandments, a set of biblical principles relating to morals and worship.
The basis of the securities laws is that you may not lie, cheat or steal.
According to Saylor, this is the basis of the law.
Read:Bitcoin balance on trading platforms reaches its lowest level in 4 years
Hence he disagrees with the popular argument that securities laws are outdated.
This is why Saylor views Ethereum as inherently immoral.
Earlier this month, Saylor said the second largest cryptocurrency is clearly a security token.
In June, the head of MicroStrategy also saw that altcoins led by Ethereum were made to actually hurt Bitcoin, and urged the government to regulate the broader cryptocurrency industry.
The Ethereum community was quick to respond to Saylor by recalling that he had been accused of securities fraud by the Securities and Exchange Commission in 2000.
Saylor paid a fine to settle with the regulator without admitting or denying the charges.
It is alleged that Saylor posted huge profits despite losing money, artificially increasing its value.
It is known that Saylor lost a record $6 billion in a single day.
Earlier, the head of the SEC repeatedly emphasized that the majority of digital assets in circulation can be classified as unregistered securities.
Read:Crypto exchange Zipmex meets with the Securities Commission of Thailand to discuss its recovery plan
As the head of the SEC recently explained, Bitcoin is a commodity.
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