bailout coin ftw!
ETH did shot not only in their leg, but in Bitcoin leg too.
Yes and no. It is true that regulators *might* try to force BTC devs to hard fork pointing out the ETH precedent. But still they won't succeed because it is very clear for the BTC ecosystem what are BTC's promises:
- fungibility
- censorship resistance
- permissionless innovation
- decentralization
- no third-party can touch your money if you keep control of your private keys
The BTC hard fork pushed by the regulators wouldn't be adopted because these promises are clear for the vast majority of the ecosystem - especially now that those who don't understand these promises already failed with the Bitcoin Classic shitcoin and their stupid big blocks crusade.
Ethereum its always been a mess. Devs in general and Vitalik specifically keep saying ether its not money, he says it is just "a token to pay for computing cycles" - which is absurd because a token used to pay for something is actually money. Furthermore, they obviously use it as money because the ethereum foundation funds their operations with it and everybody is speculating with it. The "its not money" thing is just a way to a) try to confuse regulators (which will NOT be confused) and b) be able to change the supply whenever Vitalik wants - in this way he is able to decide when he should "print" more ethereum, when he should stop, etc... Because its not money, you know?
I own thousands of ethers, but still I'm glad they are fucking up - I saw this coming from day one.
