Monday, March 1, 2021

Vitalik Buterin Lashes out at Justin Sun for His Influence on Poloniex, Says IEOs are Dumb

The altercation between the co-founder of Ethereum (ETH) Vitalik Buterin and the founder of Tron (TRX) Justin Sun seems not to have ceased, considering the recent scenario between the duos.

Recall that Herald Sheets reported that the cryptocurrency exchange Poloniex is launching a new token launching platform, LaunchBase, making the digital token Tron (TRX) the only eligible currency for purchases on the platform.

Justin Sun’s Emphasis that Initiated the Altercation

In order to emphasize on the fact that Tron (TRX) is the eligible token on the platform, and to correct the notion dispatched by Cointelegraph, via the publication that announced the new development.

Justin Sun said, “only TRX! TRON (TRX)”

Afterward, a user identified on Twitter as ‘Nick’ called the co-founder of Ethereum (ETH) Vitalik Buterin into the conversation, challenging Justin Sun of creating unhealthy competition due to Tron’s strategic partnership with Poloniex exchange.

Nick averred that Sun has a mission to pump TRX, using his upper hand, suggesting that cryptocurrency will never succeed with such a personal interest.

Nick wrote this, “Vitalik Buterin, if that’s the case every crypto company should launch their exchange. You are creating unhealthy competition where trying to pump trx to take advantage that’s y crypto will never succeed.”

Vitalik Buterin Says IEOs are Dumb

Vitalik Buterin joined the conversation by opining that IEOs are dumb, but DAO crowdfunding is his best choice. He furthered by taunting Justin Sun as he disclaimed any interest in becoming a dictator like the CEO of Tron.

“Eh I think IEOs are dumb and we should be looking into DAO crowdfunding anyway. No interest in replicating the Sun dictatorship on its own terms,” Vitalik Buterin responded.

Justin Sun also responded to Vitalik Buterin’s opinion by pointing out that both IEO and DAO are beneficial in their own way.

He said, “IEO & DAO crowdfunding both bring lots of values in their own way. One is not more superior than the other. IEO provides value for investors because it has a dedicated selection team that provides excellent evaluation of the project itself.”

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.

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