Christoph Jentzsch describes the speed and capital scale of the 2017 Brave browser Initial Coin Offering (ICO).
Insight
Jentzsch: Blockchain users, not miners, hold ultimate governance power
“So the miners, they serve the blockchain, and yes, therefore they do have some control of it, but at the end, my opinion is, and everyone will give you some different opinions on this, is that the users are really in charge. If the users say, I will switch to …”
Opinion
Jentzsch: DAO Attacker Is Morally a Thief Despite Exploiting Valid Code
“But from a moral point of view, you did take money, which didn't belong to him. That's why I would call him a thief.”
Opinion
Jentzsch: Many 2017 ICOs Are Actually Illegal Unregistered Securities Offerings
“Because first I think a lot of those ICOs are actually not legal. So from a legal point of view, you're actually like issuing securities, some of them, not all of them.”
What-if
Jentzsch: I Wish I Had Known How to Avoid The DAO Bug
“So, I wish I would have known how to avoid the bug in the DAO.”
Prediction Not checkable as stated
Jentzsch: Bitcoin Scaling Factions Will Likely Never Reach Consensus
“And that's what currently, there's a lot of discussions, people are against it, people are for it, and they try to find a consensus, but they are fighting for years now. So there is most likely no consensus ever.”
Opinion
Jentzsch: A couple dozen miners could control Bitcoin's network
“And I still think it is decentralized, but maybe not as decentralized as many people think, because there's, yeah, there is a couple of dozen of Bitcoin miners who basically control, could control the whole network.”