Ethereum: Is it a Security? Is it Secure?

Tommy and Brady take a look at Ethereum, discuss the debate about whether or not it is a security in the United States, summarize its history with the other kind of security and compare it to Bitcoin.

Links from the show below.

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Links from the show:

Is Ethereum a "noncompliant security" in the United States?
https://www.thestreet.com/investing/bitcoin/ethereum-and-ripple-prices-might-come-under-pressure-soon-14567420
https://www.nytimes.com/2018/04/22/technology/gensler-mit-blockchain.html

Preston Byrne leans toward Ethereum being a security based on it's presale and centralizing force of the Ethreum Foundation:
https://prestonbyrne.com/2018/04/23/on-ethereum-security/

Ethereum Presale Dynamics Revisited:
https://medium.com/hasufl/ethereum-presale-dynamics-revisited-c1b70ac38448

Peter Vandenbergh from Coin Center argues Ethereum is now sufficiently decentralized to deem it comparable to Bitcoin and thus not a security:
https://coincenter.org/entry/no-ether-is-not-a-security

A short history of smart contract hacks on Ethereum:
https://medium.com/new-alchemy/a-short-history-of-smart-contract-hacks-on-ethereum-1a30020b5fd

ERC20 Tokens Compromised | 5 Octodecillion USD Hack
https://steemit.com/erc20/@cryptocoremedia/erc20tokenscompromised5octodecillionusdhack-yl0zshns2r

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-Tommy and Brady