50 sats \ 3 replies \ @BlokchainB 23 May \ on: Spot Ether ETFs receive official approval from the SEC bitcoin
Good luck to all those investors who plow money into eth.
Let the free market decide! People always say this but yet people are upset that the SEC approved this? Willfully ignoring all the other dogshit stuff the SEC deems “safe” for investment.
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10 sats \ 2 replies \ @orthwyrm 24 May
agreed. people obsessing over ETH's status as a security rubs me the wrong way. i mean, it kind of is, but that shouldn't prevent people from holding proxies of it in their investment accounts if they want to.
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50 sats \ 1 reply \ @machuPikacchu 24 May
ETH is trash, but its status as a security is kind of irrelevant. Apple stock is a security and people invest in it no problem. At the end of the day the Ethereum foundation is just a company and their product is overpriced, relatively low utility compute credits.
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0 sats \ 0 replies \ @orthwyrm 24 May
agreed!
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