I can't believe I actually agree with Saylor! 
https://timestabloid.com/microstrat...says-eth-and-xrp-are-unregistered-securities/
According to Saylor, Bitcoin (BTC) is the only ethical commodity while all other altcoins including XRP and Ethereum (ETH) are unregistered securities.
Whereas Brad Garlinghouse and the entire Ripple team are hoping for a favorable ruling in their longstanding XRP lawsuit with the SEC, Michael Saylor noted that Ripple should be shut down by the regulators.
The Microstrategy founder, who holds the same views for Ethereum (ETH) stressed that XRP is an unregistered security and not a commodity. He further implied that XRP is not decentralized given that the token has an issuer, which is Ripple, the San Francisco-based cross-border payment firm.
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Opinions from r/cryptocurrency
"He's not wrong.
All premine, ICO coins are silicon valley start ups with companies and foundations issuing tokens to themselves for free and controlling the distribution like any equity issuance and then hiding behind Bitcoin and blockchain buzzwords to escape silicon valley regulations.
Anyone dunking on this truth because they hold these bags and then hating on SBF for issuing his own air tokens, artificially pumping its value controlling both sides of the market are hypocrites. This is how all premine, ICO coins work where insiders give themselves coins for free, sell a portion of it and control both sides of the market in cahoots with centralized exchanges.
A lot of this shit is illegal, dirty, unethical and there's nothing decentralized about it. It's corporate fiat. There's also no full and fair disclosures. This is literally what was happening in bucket shops in the early 20th century before it was outlawed in the 1920s by the Martin Act and eventually gave rise to the 1933 securities act. If it was legal, every single company on wall street can issue shares as tokens, use blockchain excuse and escape regulations."
Another:
"Ethereum foundation centrally premined 72 million eth before a single block was mined of which 12 million was supposedly given to founders for free which is already a lot and it's just an equity issuance where ownership and management control issuance and distribution but if you then look at the sale curve, it follows the mathematical precision of a power function which is only possible if it was all paid out to a single entity or small group of people working in concert. There's a central issuer company with an executive board which holds trademarks, has branding, marketing teams and business plans"
https://timestabloid.com/microstrat...says-eth-and-xrp-are-unregistered-securities/
According to Saylor, Bitcoin (BTC) is the only ethical commodity while all other altcoins including XRP and Ethereum (ETH) are unregistered securities.
Whereas Brad Garlinghouse and the entire Ripple team are hoping for a favorable ruling in their longstanding XRP lawsuit with the SEC, Michael Saylor noted that Ripple should be shut down by the regulators.
The Microstrategy founder, who holds the same views for Ethereum (ETH) stressed that XRP is an unregistered security and not a commodity. He further implied that XRP is not decentralized given that the token has an issuer, which is Ripple, the San Francisco-based cross-border payment firm.
----------------------------------
Opinions from r/cryptocurrency
"He's not wrong.
All premine, ICO coins are silicon valley start ups with companies and foundations issuing tokens to themselves for free and controlling the distribution like any equity issuance and then hiding behind Bitcoin and blockchain buzzwords to escape silicon valley regulations.
Anyone dunking on this truth because they hold these bags and then hating on SBF for issuing his own air tokens, artificially pumping its value controlling both sides of the market are hypocrites. This is how all premine, ICO coins work where insiders give themselves coins for free, sell a portion of it and control both sides of the market in cahoots with centralized exchanges.
A lot of this shit is illegal, dirty, unethical and there's nothing decentralized about it. It's corporate fiat. There's also no full and fair disclosures. This is literally what was happening in bucket shops in the early 20th century before it was outlawed in the 1920s by the Martin Act and eventually gave rise to the 1933 securities act. If it was legal, every single company on wall street can issue shares as tokens, use blockchain excuse and escape regulations."
Another:
"Ethereum foundation centrally premined 72 million eth before a single block was mined of which 12 million was supposedly given to founders for free which is already a lot and it's just an equity issuance where ownership and management control issuance and distribution but if you then look at the sale curve, it follows the mathematical precision of a power function which is only possible if it was all paid out to a single entity or small group of people working in concert. There's a central issuer company with an executive board which holds trademarks, has branding, marketing teams and business plans"
.... Any crypto believer want to counter this?
