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<p>[QUOTE=&quot;ToughCOINS, post: 7776013, member: 20480&quot;]Below is some real news, published at <a href="https://www.kitco.com/news/2021-07-19/Ethereum-co-founder-is-quitting-crypto-cites-personal-security-concerns.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.kitco.com/news/2021-07-19/Ethereum-co-founder-is-quitting-crypto-cites-personal-security-concerns.html" rel="nofollow">this link</a> . . . </p><p><br /></p><blockquote><p>Ethereum network co-founder Anthony Di Iorio is leaving the crypto space, citing personal safety concerns as one of the reasons for quitting.</p><p><br /></p><p>&quot;It&#039;s got a risk profile that I am not too enthused about,&quot; Di Iorio told Bloomberg. &quot;I don&#039;t feel necessarily safe in this space. If I was focused on larger problems, I think I&#039;d be safer.&quot;</p><p><br /></p><p>Di Iorio added that he would also be selling Decentral Inc. — a Toronto-based innovation hub and software company that is focused on blockchain technologies.</p><p><br /></p><p>The sale will not be made with crypto. Di Iorio will either accept cash or equity in another company, Bloomberg reported.</p><p><br /></p><p>&quot;I want to diversify to not being a crypto guy, but being a guy tackling complex problems,&quot; Di Iorio said.</p><p><br /></p><p>The ethereum co-founder said he wants to focus on philanthropy and other business ideas outside of the crypto space. He&#039;ll also be cutting any existing ties with blockchain projects.</p><p><br /></p><p>Di Iorio pointed out that he had to travel with a security team anywhere he went since 2017.</p><p><br /></p><p>Ethereum co-founder didn&#039;t disclose his cryptocurrency holdings, but in 2018 Forbes estimated his net worth to be around $1 billion.</p><p><br /></p><p>Di Iorio co-founded ethereum in 2013. The cryptocurrency is now the second most popular behind bitcoin, last trading at $1,820.54, with a market cap of around $213 billion.</p><p><br /></p><p>This announcement came just days after Dogecoin founder Jackson Palmer Twitter comments last week. Palmer blasted the cryptocurrency market as &quot;inherently right-wing, hyper-capitalistic&quot; with a driving force built on tax avoidance and diminished regulatory oversight. <a href="https://www.kitco.com/news/2021-07-15/Returning-to-crypto-is-a-wholehearted-no-for-Dogecoin-founder.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.kitco.com/news/2021-07-15/Returning-to-crypto-is-a-wholehearted-no-for-Dogecoin-founder.html" rel="nofollow">https://www.kitco.com/news/2021-07-15/Returning-to-crypto-is-a-wholehearted-no-for-Dogecoin-founder.html</a></p><p><br /></p><p>&quot;Despite claims of &#039;decentralization,&#039; the cryptocurrency industry is controlled by a powerful cartel of wealthy figures who, with time, have evolved to incorporate many of the same institutions tied to the existing centralized financial system they supposedly set out to replace,&quot; Palmer wrote.</p><p><br /></p><p>&quot;The cryptocurrency industry leverages a network of shady business connections, bought influencers and pay-for-play media outlets to perpetuate a cult-like &quot;get rich quick&quot; funnel designed to extract new money from the financially desperate and naive.&quot;</p><p><br /></p></blockquote><p>This coming from a guy who was one of the first in, and now doesn&#039;t like what he sees.[/QUOTE]</p><p><br /></p>

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