Max Keiser warns Milei against Ethereum and says it is a scam

A few days ago, the president of Argentina, Javier Milei, made reference to the monetary freedom that he promised during his campaign, referring to the regime of free currency competition that he intends to establish in the South American country.

“If you want to use bitcoin there will be no problems,” said the president in X, underscoring the freedom his government offers to resort to any cryptocurrency and even other assets.

As CriptoNoticias reported, the president’s expression was well received by many members of the cryptocurrency community, also drawing attention by Max Keiser, well-known bitcoin advocate and advisor to Nayib Bukele, president of El Salvador.

Keizer took the opportunity to criticize ether (the cryptocurrency of the Ethereum network) and other altcoins, warning Milei to be careful when including other digital currencies other than BTC, such as ether (ETH), Ethereum’s cryptocurrency.

«Allowing fraudulent currencies like ETH and others will slow down progress in Argentina. Milei will eventually figure this out. “Most make this mistake before becoming a Bitcoin maximalist,” Keizer wrote on the social network.

Comments on the topic continued hours later, when Keizer opined that the freedom to use any currency that Milei promises “is not a free market argument.”

“Free markets regulate against scams,” commented the American journalist, adding that “ETH and 2 million fraudulent currencies They are scams and should carry warning labels or be banned completely«.

There was no shortage of reactions to Keiser’s comment

The words of the bitcoiner, nationalized as Salvadoran, against the second most important cryptocurrency on the market provoked the reaction of several X users. Although some supported his ideasthere were those who quickly they questioned his posts.

“They will call you a statist for not allowing them to continue scamming,” he said. @LesFender4, in support of Keiser’s stance on banning cryptocurrencies like ETH, adding that “few libertarians understand the fulcrum that balances freedom and responsibility.”

Keizer’s criticisms were not supported by the user identified as Saratoshi Nagamoto, who believes that the journalist’s statement lacks arguments to be validated.

«You have not presented a single argument to support your idea that Ethereum is a scam. “None at all,” she wrote. This, at the same time that another comment pointed out that the scam label for ETH It was just because Keiser doesn’t like him. the cryptocurrency.

In that sense, one of the commentators recalled that “there are many cryptocurrencies that are not scams,” while another responded that “they will have to be scammed before they realize it.”

A more neutral posture showed the user @Beep1140587Beepwhich attracted attention about the differences in BTC and ETH. «I don’t really see the competition between the two, or even the point of mentioning them in the same sentence or even in the same conversation. “They are two completely different entities with different value propositions.”

In this way, Keizer’s comments not only confronted Milei’s pro-currency-free stance, but also revived an ever-present old debate, which many times confronts the defenders of Bitcoin and Ethereum.

While the first stands out as the pioneering decentralized digital currency, which promotes financial sovereignty; The Ethereum blockchain stands out for the boost it has given to the ecosystem with the development of a wide variety of tools.