Saylor: It's pretty obvious ethereum is a security. It was issued via an ICO, there's a management team, there was a premine, there's continual hard forks, a difficulty bomb that keeps getting pushed back. The problem is they keep changing it. For it to b

Not a single bitcoin was issued by anybody. Every bitcoin that will ever exist can only be mined by proof of work by anyone anywhere in the world who does the work.

Bitcoin source code was available for many weeks before launch. No premine, no ICO none of that crap. Satoshi didn't mine even a single block after the genesis for 6 days because he also wanted the client too to become publicly available first. Only an entire day after publicly releasing client software the first block was mined.

Genesis block (cannot be spent)

Block 1

There are people on Bitcointalk and Twitter who have signed and verified over the years from addresses which mined early Bitcoin blocks. Remember that at the time they were all mining at a loss with computing power just to secure the network because bitcoin value was 0. Hal Finney even wrote in one of his last messages before he passed away that he regretted that he stopped mining after a few days at the beginning because his computer was getting a little hot from running all day. Bitcoin started from 0 and grew organically without any company or group behind it. The conditions which made it possible to be organic and decentralized from the beginning cannot be recreated.

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