Ethereum’s Vitalik Buterin Calls His Frustration With Bitcoin Extremists a “Total Joker”
Ethereum Co-Founder Vitalik Buterin Targets Microstrategy CEO Michael Sayler Recent TweetThe leading bitcoin maximalist is called a “total joker”.
In a video clip, Saylor claims that securities laws have their basis in the Decalogue, a set of biblical principles related to morality and worship. “The basis of the securities laws is that you will not lie, cheat or steal. That is the basis of the law. That is the basis of the law,” Sailor said. Therefore, he does not buy the popular argument that securities laws are out of date.
This is why Sailor considers Ethereum to be inherently immoral. Earlier this month, he said that the second-largest cryptocurrency was clearly “a security.”
In June, the microstrategy boss also said that the “horrible parade” that actually harmed bitcoin urged the government to regulate the broader cryptocurrency industry.
The Ethereum community hit back at Saylor, recalling that an enthusiastic bitcoin supporter was accused of securities fraud by the Securities and Exchange Commission in 2000. Sailor paid the fine for settlement with the regulator without admitting or denying the charges. , The company reportedly reported massive profits despite losing money, thus artificially inflating its value. Sailor lost a record-breaking $6 billion in a single day after misbooking revenue was exposed.
SEC Chairman Gary Gensler has repeatedly stated that most digital assets in circulation can be classified as unregistered securities. At the same time, Gensler recently clarified that bitcoin is a commodity.