Bitcoin University's video: Cardano Getting Flushed

Join Bitcoin University Premium: https://www.bitcoinuniversity.com In this video, I discuss Charles Hoskinson's recent comments about the SEC's treatment of Cardano vs. Bitcoin. Charles asked us to apply the Howey Test to Cardano and Bitcoin, and so I decided to do just that. Why does the SEC treat Bitcoin differently from Cardano? Bitcoin does not have a CEO or leader who leads software development like Charles Hoskinson does. Bitcoin software development is not run by a corporation or foundation funded by issuing tokens to early investors Bitcoin had zero value at inception and for the first few years. Bitcoin had no presale or premine. Satoshi had to mine his own coins using real electricity and computing power, and he did not allocate an insider premine of BTC for himself. When Satoshi was mining, there is good evidence that he waited as long as possible to mine a block, in order to give other people the chance to mine the block first. Satoshi's coins have never moved or been sold. Bitcoin did not do an ICO in Tokyo in order to attempt to skirt US regulations (but Cardano did). Bitcoin fails the Howey Test (which is a good thing if you don't want to be considered an investment contract). Bitcoin is not "an investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others." By contrast, Cardano had a premine/presale that has been used to enrich insiders and fund software development. Charles allegedly got a large allocation of the premine and has been allegedly profiting from it ever since. When you apply the Howey test to Cardano and Bitcoin, Bitcoin clearly emerges as a digital commodity (as recognized universally by US regulators), while Cardano clearly passes the Howey test and should thus be considered an investment contract and unregistered security. Not investment advice! Consult a financial advisor. Charles Hoskinson on the SEC's treatment of Cardano vs Bitcoin: https://twitter.com/AltcoinDailyio/status/1729248013774905544 "Out Of The Ether" description of Hoskinson: https://books.google.com/books?id=QEb8DwAAQBAJ&pg=PA166&lpg=PA166&dq=%22charles+hoskinson+would+prove+to+be+much+more+problematic+for+the+group%2C+however%22&source=bl&ots=eeSvgPJlU7&sig=ACfU3U3Rfaes_CvHDyKIDZYef2Zda2N2IA&hl=en&sa=X&ved=2ahUKEwiM-tKR3YH0AhWBK80KHWRLBMsQ6AF6BAgCEAM =onepage&q&f=false Charles Hoskinson and Ethiopia: https://kalkassa.medium.com/shitcoin-millionaire-cardano-in-ethiopia-d81273d02eff https://www.youtube.com/watch?v=0YHvtrasAgw&ab_channel=KalKassa Cardano: Social Credit Scores For Kids? https://www.youtube.com/watch?v=1STIeWSv0CE&ab_channel=BitcoinUniversity Hoskinson allegedly makes $40 million per year from staking ADA: https://twitter.com/coryklippsten/status/1433661082967547908 SEC's Coinbase complaint that argues that ADA is a security: https://www.sec.gov/files/litigation/complaints/2023/comp-pr2023-102.pdf People saying mean things about the Cardano logo: https://twitter.com/bitcoinerrorlog/status/1576507392975859712 Robinhood ends support for Cardano: https://www.theblock.co/post/233961/robinhood-ends-support-for-solana-polygon-cardano-amid-sec-exchange-crackdown Coinbase may delist Cardano: https://u.today/coinbase-might-delist-cardano-ada-and-other-tokens-ceo-says SEC Coming For Crypto: https://www.youtube.com/watch?v=_cAHFgabIeY&ab_channel=BitcoinUniversity Bitcoin has no future as a payments network, says FTX chief: https://www.ft.com/content/02cad9b8-e2eb-43d4-8c18-2e9d34b443fe SBF forced to use the Mackerel Network: https://www.theblock.co/post/264546/sbf-paid-for-his-haircut-with-fish-in-prison Crypto scammers seem to really dislike "Bitcoin maxis": https://twitter.com/Xentagz/status/1577352493176131588 Bitcoin Controlled By Two Mining Pools? https://www.youtube.com/watch?v=jPqyusHH850&ab_channel=BitcoinUniversity I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. Disclaimer Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.