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Comment by arcticbull | Hacker News Reader

I was under the impression it was due to the initial distribution mechanism. It was all open mine, no presale. Basically everything else has had a presale or premine. I could be wrong, because if that were the justification forks should qualify too by virtue of inheriting the chain history.

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In the Ethereum pre-sale they explicitly state it is not intended to be a security or investment offering:

https://blog.ethereum.org/2014/07/22/launching-the-ether-sal...

Staking and maybe EIP-1559 could change things?

It's sad since it seems like Coinbase is now directly collaborating with Ethereum developers https://eips.ethereum.org/EIPS/eip-3651

> The COINBASE address shall be warm at the start of transaction execution, in accordance with the actual cost of reading that account. > The COINBASE address should also be always be loaded because it receives the block reward and the transaction fees.

Looks like Coinbase currently makes up 10% of Eth staking. Would this give special privileges to Coinbase over other exchanges?

>Looks like Coinbase currently makes up 10% of Eth staking. Would this give special privileges to Coinbase over other exchanges?

No.

Do you think the technical term coinbase refers to the company?

I think so, but I'm not sure.

>In the Ethereum pre-sale they explicitly state it is not intended to be a security or investment offering:

I'm not sure if ETH was completely in the clear even with this approach. Vitalik and other founders seemed to have created expectations of profit in their ICO presentations to US investors in a few 2014 videos.

> In the Ethereum pre-sale they explicitly state it is not intended to be a security or investment offering

I mean you can say whatever you want but if it quacks like a duck it’s still a security, if you don’t mind my mixed metaphor lol

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