Friday, September 25, 2020
No menu items!
  • News
  • Blockchain
  • Cryptocurrency
  • Contact Us
More

    Vitalik Buterin Defends Ethereum (ETH), Says Bitcoin (BTC) Has Lots of Centralized Middlemen

    Must Read

    XRP Ledger Foundation Officially Launched

    According to a latest information, XRP Ledger Foundation has been launched officially. This update was shared via the official Twitter...

    Chainlink (LINK) Now Available To Users in Over 2.2M Hotels and Homes

    In a tweet shared on 23rd September 2020, Travala.com, a crypto-friendly traveling booking service, informed the cryptocurrency community about...

    Ethereum 2.0: User Outlines Why He Would Not Stake ETH at Launch, Danny Ryan Weighs In

    There have been concerns over the risks of staking the digital token ETH on Ethereum 2.0 at launch. In...
    Avatar
    Solomon Odunayo
    Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.




    The co-founder of Ethereum Vitalik Buterin has got another avenue to defend the second-largest cryptocurrency by market, Ethereum (ETH), in the face of criticism.

    The Aims of Bitcoin (BTC) and Ethereum (ETH) are the same

    The conversation was started by a user identified on Twitter as “Danger”, who writes about DeFi on Medium.

    In his opinion, both Bitcoin (BTC) and Ethereum (ETH) are heading in the same direction, considering the fact that Vitalik Buterin founded Bitcoin Magazine.

    He believes that the end goals of the cryptographic projects are the same, urging the Bitcoiners and Etherians to get this straight.

    He wrote this, “Vitalik Buterin founded Bitcoin Magazine. I think this fact is important for both Bitcoiners and Etherians to digest. The core values that drive Ethereum and Bitcoin are not all that different — and the end goals are the same.”

    Some Bitcoiners such as Dan Hedl came to contradict the opinion due to the past comments made by Vitalik Buterin, supposedly meant to destroy Bitcoin (BTC).

    “He also tried to destroy Bitcoin, so no it’s not a friendly “let’s all hold hands and sing together”

    The conversation was stretched further by a user, who concurred with the opinion that Buterin is still a Bitcoiner but disagreed on the assertion that says Ethereum (ETH) shares the same goals with Bitcoin (BTC).

    He said Ethereum is prolonging the legacy of the financial system that is dominated by intermediaries, while Bitcoin is creating a new one with no middleman.

    He wrote, “This is true and maybe Vitalik still is a Bitcoiner. But in the present, Ethereum is clearly not sharing goals with Bitcoin. Ethereum is prolonging the legacy financial system, full of intermediaries (look at “DeFi”), and Bitcoin is creating a new one without the middle man.”

    Vitalik Buterin Says Bitcoin (BTC) Has Lots of Centralized Middlemen

    In response to the tweet that asserted that Ethereum has lots of middlemen unlike Bitcoin, Vitalik Buterin said the opposite seems to be the case.

    He wrote:

    “I really and truly think it’s the opposite. BTC people seem happy to have lots of centralized middlemen (bitmex, tether, liquid….) and it’s the ETH community that’s trying to decentralize these functions with smart contract constructions.”




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    XRP Ledger Foundation Officially Launched

    According to a latest information, XRP Ledger Foundation has been launched officially. This update was shared via the official Twitter...

    Chainlink (LINK) Now Available To Users in Over 2.2M Hotels and Homes

    In a tweet shared on 23rd September 2020, Travala.com, a crypto-friendly traveling booking service, informed the cryptocurrency community about the integration of Chainlink (LINK)...

    Ethereum 2.0: User Outlines Why He Would Not Stake ETH at Launch, Danny Ryan Weighs In

    There have been concerns over the risks of staking the digital token ETH on Ethereum 2.0 at launch. In this regard, a supposed Ethereum...

    New Version of VeChain Thor Released with a Major Improvement

    As a report has it, v1.3.6, the updated version of the popular software in the VeChain ecosystem, VeChain Thor, has been released with a...

    Venture Capitalist Tim Draper Reveals He Holds Bitcoin (BTC), Ripple XRP, Tezos (XTZ)

    Venture capitalist and Bitcoin optimist, Tim Draper, who is the founder of Draper University, has recently revealed his cryptocurrency portfolio, which includes Bitcoin (BTC),...

    More Articles Like This