1/14 So, some weird maxi cope is "Omg EF investigated as grounds to deny ETH ETF" Here's why that doesn't actually even work:
@adamscochran Main thing your forgot here is that ETH has been created with the issuance control still in place by a central authority having all power to make changes to its distribution model. This doesn't apply to BTC. Also, ICO is always expected to get financial appreciation.
@krypto___Kris The issuance control of Bitcoin is equally centralized. For Ethereum to change issuance, a majority of validators need to fork. Just like Bitcoin miners would need to fork to change BTC issuance. That's why ETC exists, it was a hard fork that split the community.
@adamscochran @krypto___Kris As the EF controls the trademark and marketing for “Ethereum” any fork that dissents from the EF’s desired road map cannot legally be called “Ethereum.” Hence, forks can only be seen as defections from a centrally controlled entity. It’s why ETC is not “Ethereum”
@adamscochran @krypto___Kris This is not really true, practically speaking. Look at the hard fork, soft fork and issuance changes on both chains and you will notice a pattern.
@adamscochran @krypto___Kris That makes zero sense and you know it, bitcoin had a design of monetory policy that's been adhered to, on the other hand ETH has a premine and multiple changes to its issuance and even core design of PoW to PoS, you can't seriously believe they have the same properties