[willitpamp573]

Ethereum is an obvious ponzi pump and dump scam.

I like how they frame the DAO hack as an opportunity for growth rather than a gross display of incompetence followed by a breaking of the original promise of immutability of the platform, which is what it was.

[empath75]

I think it's more accurately described as a platform for Ponzi schemes and pump and dump scams.

[Angostura]

PAAS?

[narrator]

Immutability is really the key to the whole cryptocurrency system. Unlike every previous currency system that has existed, duress can not be used to have a transaction reversed.

[davidgerard]

cough The DAO fork.

[kinghajj]

https://www.reddit.com/r/ethereumfraud/comments/6bgvqv/faq_w...

[2_listerine_pls]

care to post a TLDR?

[jacquesm]

It has this as a summary:

"Ethereum is an unsecure, trust-requiring, centralized, mutable platform that runs stoppable apps and censors people Ethereum Foundation (EF) dislikes - the opposite of what it advertises itself as. Ethereum Foundation misrepresents what Ethereum is to prospective investors for increasing the value of the traded asset ETH while profiting financially. This means, by definition, Ethereum Foundation is participating in fraud by continuously misleading investors. Furthermore, the act of suddenly changing the properties of the unregistered security after the sale of the security in the initial coin offering (ICO) and/or on exchanges while profiting personally constitutes securities fraud. Additionally, Ethereum Foundation is connected to damaging the value of sold assets, damaging the value of competing assets, theft from competition, and market manipulation of competing assets for profit."