Eric Balchunas, a senior exchange-traded fund (ETF) analyst at Bloomberg, has caused a stir in the online Ethereum community after being accused of spreading “misinformation” in a now-deleted post on X.
On October 7, Balchunas shared an excerpt from Benjamin Hart’s book “Bitcoin: Beginner’s Guide,” claiming that Ether (ETH) is “not the same and not as safe” as Bitcoin (BTC). This was in response to a request for a book recommendation on cryptocurrency from Nate Geraci, president of the ETF Store.
An excerpt from the book suggests that the US government could “shut down Ethereum” by ordering Amazon Web Services (AWS) to stop providing cloud services.
According to Ethernodes, AWS is currently hosting 28.4% of Ethereum nodes. However, that's not enough to completely shut down the network.
Ethereum Node Storage Allocation. Source: Ethernodes
Another allegation in the book is that a rogue state or terrorist organization could kidnap Ethereum co-founder Vitalik Buterin and force him to hand over “all the Ether they want.”
See also: 3 reasons why Ethereum will hit $10,000 in the next bull run
Ethereum educator Anthony Sassano responded to Balchunas' deleted post, saying it was “misinformation and almost entirely propaganda.”
“You should feel absolutely ashamed for sharing this (and only deleting it because you didn't want to deal with people criticizing you),” Sassano added.
Source: Anthony Sassano
Consensys product manager Jimmy Ragosa said the shared snippet was “the most propaganda-filled piece of writing ever.”
James Seyffart, Balchunas's colleague at Bloomberg, responded to the deleted post, saying, “These responses are about to get awesome hahaha.”
Balchunas replied, “Lol I don't have time today, will just leave the Bitcoin parts.”
Ethereum developers have also recently emphasized individual delegation and low hardware requirements to enhance the decentralization of the Blockchain.
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