no one cares anymore and likely the pre-mine would be helping the eth community since most people doesnt want to work for free.
If the funds would run out the development of the tech would slow down.
Isn't selling an item with an expectation of profit from the work of a centralized mechanism's developers (Ethereum foundation) to the benefit of 3rd party investors to raise the value of said investment considered a SECURITY CONTRACT?
Oh why yes...yes it is.
In fact...Seems like a hand full of people control 72% of the network at this point; which would appear analogous to 'Preferred Stock' in a corporation. The idiom itself alludes to little to no decentralization...does it?
and.. sounds like they'll be playing cat & mouse with SEC for bit longer this year. Good lucky.
2018, gonna be fun - watch watch fun fun KABOOM