Connect with us

Search

Cryptocurrency

Vitalik Buterin, Co-Founder of Ethereum Calls Bitcoin Cash ‘Mostly A Failure’

Vitalik Buterin, The Co-founder of Ethereum reiterated his stance on Bitcoin Cash, seeing it as, ultimately, a failure.

Vitalik Buterin Ethereum
Photo by twenty20photos / Envato

Vitalik Buterin, known as the co-founder of Ethereum, took to Twitter on New Year’s day and highlighted his thoughts on the blockchain space over the decade, and draw attention to how those views have now changed and evolved.

Amidst the tweetstorm, Buterin also decided to drop his current thoughts on Bitcoin Cash, which is an altcoin made in 2017 by forking the original Bitcoin blockchain.

“I was optimistic about Bitcoin Cash specifically because I agreed with the big-blocker arguments in the scaling war more than the small-blocker argument,” he wrote in response to a tweet made in 2017, on Saturday. The tweet was about BCH.

The Russian-Canadian programmer responsible for writing the Ethereum whitepaper in 2013 proceeded to then lay out exactly why he sees Bitcoin Cash as “mostly a failure.”

“Today, I would call BCH mostly a failure,” Buterin wrote in his tweet. “My main takeaway: communities formed around a rebellion, even if they have a good cause, often have a hard time long term, because they value bravery over competence and are united around resistance rather than a coherent way forward.”

Of course, crypto Twitter was quick to reply back to him and his critique. “It was not a good cause,” Blockstream co-founder and CEO Adam Back wrote. “It was a rejected corporate takeover attempt. Learn history man. You supported it even. Meh.”

“Projection is a bitch,” said the Bitcoin Matrix podcast host Cedric Youngelman.

Id Software founder John Carmack wrote, “That is a very interesting characterization of rebellions.”

Author, programmer, and Bitcoin Cash maximalist Cyprian (formerly known as Vin Armani) asked “Failure?”

He continued, “How much gas would I pay to send $1 in USDT on Ethereum right now? (Hint: $20). Sending $1 in USDT on BCH costs less than a cent. What was the mission, again?”

In 2015, Buterin co-founded Ethereum with Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin. In 2017, Bitcoin Cash or BCH split or hard forked from the Bitcoin main network. A year later, Bitcoin Cash then saw a divide or split of itso wn into Bitcoin ABC (aka Adjustable Blocksize Cap), and retained the name “Bitcoin Cash,” and Bitcoin SV (bitcoin Satoshi Version.) Both altcoin supporters have made claims to be the “real” Bitcoin.

Advertisement

Trending Articles

Advertisement

TRENDING ARTICLES

News

The company's COO made a heartfelt Twitter thread thanking the company for her time there, and has confirmed she's moving onto something bigger and...

News

BitOasis finds itself under the wing of the UAE's new crypto regulator.

News

The Will Smith Inu is currently experiencing a surge, but will it last?

News

Bank Leumi, one of the 2 largest banks in all of Israel, is all set to enable the holding, buying, and selling of cryptocurrency.

Blockwatch is a news and information site on crypto, digital assets, NFTs, crypto investing, and the future of money. Blockwatch is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Blockwatch is an independent operating subsidiary of Ubiquitous, Inc, which invests in cryptocurrencies and blockchain startups.

Copyright © 2022 Blockwatch™ Media, Inc. Blockwatch™ Media is a Ubiquitous company. All rights reserved.