The Conflict Of Interest for Ethereum Developers
As we all know there has been a rising popularity for companies, however legitimate, to host ICO's to boost Ethereum startups. Whether or not you're an ICO investor, there have been substantial successes with the method. Ethereum itself was an ICO, and many very innovative projects are following suite to give themselves a running start.
One of the anonymous spokespeople for Bitcoin.com, who goes by the name Murdock, has recently stated that he believes Ethereum developers are potentially in trouble for violating "conflict of interest laws" due to last years hard fork.
A Problem With The Trustless Machine
Murdock has recently reached out to many regulators about the debacle: “What prompted me to do this was my understanding of financial laws, business laws, and my background in the crypto-space since 2011,” said Murdock. “The whole project violates financial laws like ‘conflict of interest.’ This comes from developers protecting their investments after they were warned that the network should have just let the theft play out.”
"The trustless machine was broken with the hard fork of Ethereum"
According to Mudock many Ethereum Developers have broken many finance laws, and states they must remain accountable. If Ethereum continues to enable hard forks for their own benefit it's hard to say what will be the outcome here. Here is the latest email sent from the Minister of Finance to Murdock.
Do you think Ethereum developers are in hot water? Do you agree with Murdock's complaints? Explain why or why not.