Just the other day, a SEC-approved tokenized IPO was launched by INX, a crypto exchange. The token is built on the Ethereum network.
Everything seems pretty normal. But no, this is a whole different security token not so much for its features as the people who are promoting/shilling it and even sitting as Advisory Board Members. They are no less than Bitcoin
maximalists who openly despise altcoins as shitcoins including ETH itself. And now, all of a sudden, this promotion.
A whole controversial drama has ensued.
Stefan Jespers, known on Twitter as WhalePanda with the description: "Toxic Monetary Bitcoin Maximalist"
[1] and whose Linkedin profile states that "He will not give you investment advice and he will not endorse your ICO."
[2] recently tweeted:
(https://twitter.com/WhalePanda/status/1297933116779175938)Meanwhile, the cyberphunk, Jameson Lopp, creator of statoshi.info, bitcoin.page, lightning.how, has also tweeted:
(https://twitter.com/lopp/status/1298262107478081547)It turned out the two, among other Bitcoin
maximalists which include Samson Mow, chief officer of Blockstream, and Alena Vranova, founder of SatoshiLabs, are advisors of the project.
[3](https://cointelegraph.com/news/bitcoin-maximalists-accused-of-shilling-an-sec-cleared-token)This decision made by these quite popular Bitcoin influencers and enthusiasts did not bode well to some Bitcoin fans.
Hodlonaut.hodl on Twitter did not mince words in his disappointment:
(https://twitter.com/hodlonaut/status/1298304878293454848) (https://twitter.com/hodlonaut/status/1298328894559395845) (https://twitter.com/hodlonaut/status/1298341888488083457) (https://twitter.com/hodlonaut/status/1298370374665674752) Replies were also pouring down hard on Jameson Lopp's Tweet, some of which he courteously answered:
(https://twitter.com/lopp/status/1298262107478081547) And Cøbra, Bitcoin.org's custodian, spoke of it as a kind of hypocrisy:
(https://twitter.com/CobraBitcoin/status/1298398992401870848) [1]
https://twitter.com/WhalePanda[2]
https://be.linkedin.com/in/stefan-jespers-64437a1b[3]
https://cointelegraph.com/news/bitcoin-maximalists-accused-of-shilling-an-sec-cleared-token