Wednesday, August 5, 2020
No menu items!
  • News
  • Blockchain
  • Cryptocurrency
  • Contact Us
More

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

    Must Read

    Coinbase CEO Brian Armstrong Clarifies What Caused Delayed Transactions of Ethereum (ETH)

    The CEO of Coinbase, Brian Armstrong has recently tweeted to clarify what majorly caused the delayed transactions of Ethereum...

    US Congressman: Bitcoin (BTC) Is Not Going Away, Will Rather Become Integral Part of Americans’ Future

    Bitcoin (BTC), the first and largest cryptocurrency has been garnering much-needed recognition lately. A member of the United States...

    $1 Billion Worth of Bitcoin (BTC) Transaction That Caught the Attention of Thousands of Investors

    A $1 billion worth of Bitcoin transaction has caught the attention of thousands of cryptocurrency investors and making waves...
    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 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.”




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Coinbase CEO Brian Armstrong Clarifies What Caused Delayed Transactions of Ethereum (ETH)

    The CEO of Coinbase, Brian Armstrong has recently tweeted to clarify what majorly caused the delayed transactions of Ethereum...

    US Congressman: Bitcoin (BTC) Is Not Going Away, Will Rather Become Integral Part of Americans’ Future

    Bitcoin (BTC), the first and largest cryptocurrency has been garnering much-needed recognition lately. A member of the United States Congress, Tom Emmer, just made...

    $1 Billion Worth of Bitcoin (BTC) Transaction That Caught the Attention of Thousands of Investors

    A $1 billion worth of Bitcoin transaction has caught the attention of thousands of cryptocurrency investors and making waves among the crypto pundits. Bitcoin Whale...

    Cardano Records over 700 Decentralized Stakepools within Five Days of Shelley Hard Fork

    The Shelley hard fork that brought about the full decentralization of the Cardano network was successfully conducted on 29th July 2020. The number of...

    Xpring Announces Additional Investment in XRPL Labs to Support XRP-Based Banking App XUMM

    Xpring, the arm of Ripple that focuses on investing in XRP-focused startups, has announced an additional investment in XRPL Labs to support the continued...

    More Articles Like This