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RE: Today's Crypto Report - ICOs Cashing Out Early, Bitcoin Surges Above $2600 as SegWit Nearly Finalized
The fact that so many ICO's lean heavily on ETH and the other way around ETH is mostly bought now just to invest in those...thats a dangerous combination and ive never like this thought. Just like the flash crash a couple of weeks ago supposedly caused by a typo...just goes to show how vulnerable its market is. Ico companies owning millions of dollars in ETH doesnt seem very decentralized to me
Good points. Also let's remember ethereum is backed by the Enterprise Ethereum Alliance (EEA) which includes companies and banks like JPMorgan, Microsoft and Intel. These types are anti-decentralized. They are all about control.
Yes thats exactly why I have nothing invested in ETH at all, I do have some ETC though