From: "Jeffrey E." <[email protected]>

From: "Jeffrey E." <[email protected]> To: Jeremy Rubin a - Subject: Re: What are next steps? Date: Thu, 23 Aug 2018 23:19:07 +0000 It is safe unless it makes money? On Thu, Aug 23, 2018 at 7:05 PM Jeremy Rubin a- wrote: Yep; There's a grey area between pump and develop. In theory blockstream is the same kind of bet; their business model is largely appreciation in Bitcoin price. However, it is less "marketing" and more that they legitimately improve the fundamentals. I don't disagree to back out for these reasons, I've notified the team that we are not moving forward. It'd be interesting to figure out if there is a way to structure a company to not have this concern. Eg, if the coins are locked up for 10 years a non-fundamental based pump would not work. I think this is why blockstream gets away with it, they have a.long horizon. On Thu, Aug 23, 2018, 3:46 PM jeffrey E. <[email protected]> wrote: their deal is to pump the currency , it is dangerous On Thu, Aug 23, 2018 at 6:33 PM, Jeremy Rubin c wrote: I understand, just needed clarity on it to proceed so I'm not stringing along the team. I'd add that while ethics may be grey, I have no reason to suspect immorality from the team. I'll focus in on deals which are a little later stage/with stronger track record/compliance. On Thu, Aug 23, 2018, 2:55 PM jeffrey E. <[email protected]> wrote: we are not . jeremy I am more than happy to fund things but as i am high profile , it can t be questionable ethics . On Thu, Aug 23, 2018 at 1:33 PM, Jeremy Rubin c wrote: Hi Jeffrey, What should we do with Layer I? Are we passing? Should we ask them to do more research? The point of the structure that I proposed was to be able to fund them and then have them gain momentum, but we can put the actual SPV raise on pause if we can't figure out legally safe ways to run it. But I think they need some certainty from us on if we're proceeding or not, and if we are not, we need to let them know so they can finish raising. Best, EFTA01007544 Jeremy please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01007545