I argue that regulation is not much of an issue. It is either allow the internet or not. Period.
Care to elaborate what you mean by this?
The entire point of this space is an indifference to legality. That is for consensus to decide.
I wouldn't go that far as that might be politically correct but not necessarily accurate. I would say the legal risks are real and the whole point in rational economic behavior would be to get the most reward with the least risk. I admit it's not as high of a risk as some people think but it's not a situation of zero risk either, so we cannot act as if laws don't matter.
The ETF is a much more complex issue than I care to detail but there are many forces acting against. I'm fairly certain one will come along in due time.
Do we really want an ETF though?
Sure, no one is spending thousands of ether on gas. That completely misses the point of a protocol incentive token. The locked ether as stake, the value of the underlying contract execution is entirely based on the value of ether. If you see ETH as simply a vehicle for ICOs I believe you are mistaken. Ether is a vital incentive structure within the protocol that will run many economies on the layer above.
I agree with this. Ethereum will be able to do much more than ICOs eventually.
Well also when 5000 ETH is work millions, you could just sell it for millions.
And also pay millions in taxes. It is not obvious where to cash out or what the tax situation is. The IRS with Coinbase has made it very difficult to determine the tax risks. For small amounts of money it might not be much risk but if you're talking millions you will have to hire a lawyer possibly.
What is your answer to this?