Ethereum CEO Vitalik Buterin Calls Satoshi’s Bitcoin Cash as ‘Dumpster Fire’

Dec 30, 2018 at 18:00 Update Date :Dec 30, 2018 at 18:00 UTC

A heated debate on Twitter was the centre of media’s attraction when Ethereum CEO Vitalik Buterin put his point-of-view with a series of tweets, thrashing Satoshi’s Version of Bitcoin Cash – BCHSV and calling it a ‘pure dumpster fire’ Apart from this, a lot of other things were discussed by Ethereum CEO Vitalik Buterin and a crypto commentator.

Vitalik Buterin Bashes Bitcoin Cash SV

It all started on the Christmas Day when both crypto commentator cum businessman Tuur Demeester and Ethereum CEO Vitalik Buterin involved in an argument of words on the merits and demerits of Proof-of-Work (PoW) and Proof-of-Stake (PoS) – algorithms used by the crypto developers to build assets. When Ethereum CEO Vitalik Buterin was asked to give his opinion on Bitcoin SV, he wrote:

“I have my disagreements with the Bitcoin roadmap, PoW, etc., but they’re trying to do something that’s genuinely cool tech,” he responded, before calling BSV a “pure dumpster fire.”

I don’t believe in Proof-of-Work: Vitalik Buterin

In the same debate, some intellect discussions were held on Proof-of-Work (PoW). It was made clear by Buterin that he no longer believes in the algorithm – but still optimistic about the technology being used in the development process. Added to this, he has different a viewpoint for Bitcoin SV.

On November 15, 2018, both Bitcoin SV and Bitcoin ABC were forced out of the Bitcoin Cash (BCH).  Bitcoin SV was initially developed with an aim to solve the scalability issues of Bitcoin – by using giant block sizes. However, during the process, many publicity and technical issues were faced by Bitcoin SV.

As of now, Bitcoin SV is trading at $85.13 – with a total market capitalization of $1.49 billion. The altcoin still has to be listed on some famous crypto exchanges like Coinbase and Gemini.

In December 2018, Ethereum CEO made investments of 1000 ETH tokens to three different startups – that are working on Ethereum 2.0. The donations came from the idea of funding projects that could actually contribute to the crypto industry.

Leave a Reply

Please Login to comment
  Subscribe  
Notify of