Bored Founders🕸️ Should we be worried about Ethereum?
5 min read

...and BFC VIP mint 😎
 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌
October 7, 2022 | Read Online
😎 GM!

It’s Bored Founders Club’s newsletter.

We prepared for you an exciting article and some news.

There are also memes in that mail - you love them, don’t ya?

We started counting - it’s 4 days without the bridge attack!

If you’re not updated, today is another big day for the BFC community!

Our 2nd NFT collection mint is starting today!!! More details in the mail.



PS.  Learn more about BFC on our Discord

Today topics:

🕸️ Should we be worried about Ethereum?

📈 Web3 Express News

😎 BFC Corner - BFC VIP mint

In the last months, at least three significant events have raised such questions in my mind.

  • Tornado Cash ban in the US.
  • US Regulators want to treat the Ethereum network as a US entity.
  • The Binance paused.

Of course, it’s not the first event of this kind. We had the Ethereum network fork, for example. This was an event that was against core blockchain values. Three examples from the beginning occurred in a short time, and that’s why I am worried about that.

What was wrong with this situation?

  • Tornado Cash ban in the US.

We described this story several times. Tornado Cash is a dApp that allows users to transfer their resources from wallet to wallet without any possibility of tracking. This app is helpful if you don’t want to show others your personal wallets. It gives users more privacy. Sadly, the app was used by the North Korean regime. Because of that, the app and all future users were banned in the US. Source code was removed from GitHub, and one of the developers that contributed to that project was arrested.
The right to privacy on the Ethereum network was taken away because of the national security of the USA.

  • US Regulators want to treat the Ethereum network as a US entity.

All cryptocurrencies are checked by regulators. The Ethereum network is the second biggest blockchain network. It’s not surprising that US regulators are interested in that market. The nodes (machines on which the network is set up) are mostly placed in the US territory. US regulators are trying to use it to force US regulation on the Ethereum network.
The question here is: What if that situation changes in the future and the majority of nodes will be placed in another country?

  • The Binance paused.

Binance Smart Chain was paused to prevent additional losses when the network was exploited using the bridge. This network has nothing in common with the Ethereum network, but in people's minds, this is also blockchain.

Where is this decentralization? The network is paused because one company wants that. It’s not a web3. The possibility of stopping all networks so fast is against web3 value. If blockchain is paused, it can be controlled in the future. You never know what will be decided by the network owner. This is typical centralized application behavior but implemented on the blockchain. You can read more about this dangerous precedent on The DAO Joan Index.

Maybe in the future, someone will try to pause the Ethereum network. Check what the decentralization level in the blockchain that you are using is.

Important to mention the Binance wallet or wallet on any other exchange is also not a web3 wallet. The wallet is not yours if you’re not a holder of your private key!

Should we be worried about Ethereum?

I think that it’s important to monitor the situation. A lot of dangerous situations take place on the Ethereum network. I hope that this is only a little war, that the decentral world will win!


  • On the Bankless YouTube account, you can watch an interesting after-merge interview with Vitalik Buterin himself.

BFC VIP mint
(BFC Corner)

Today is the first day of the BFC VIP mint. It starts at 8 PM, 2022-10-11GMT+2, and will be finished at 12 PM, 2022-10-25 GMT+2.

The white list is closed.

BFC VIP gives access to a lot of interesting channels on BFC discord. Check screenshot.

It’s not all that is available for VIP members. We’ve got special discounts, a lot of online meetings, meetings in real life, and the opportunity to meet bored founders.

Be careful to hunt down your own BFC VIP NFT.

Available soon - on OpenSea and other NFT markets!

😎 It’s all for today!

Remember to join our discord and follow BFC on Social Media.

Remember to mint your BFC VIP NFT if you are on the White List!

See you on Friday!

Daniel "tuszcz12" Anuszczyk


PS. Introduce
yourself on our Discord! (channel: #introduce-yourself)

This newsletter is for educational purposes only. Do your own research.