RATE Group | Ethereum [ETH] and Bitcoin [BTC] blockchain “sucks”, says Vitalik Buterin
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Ethereum [ETH] and Bitcoin [BTC] blockchain “sucks”, says Vitalik Buterin

05 Sep Ethereum [ETH] and Bitcoin [BTC] blockchain “sucks”, says Vitalik Buterin

Posted at 01:37h in Ethereum News by

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On 4th September, Vitalik Buterin, the Co-Founder of Ethereum said that Bitcoin and Ethereum blockchain “sucks”, in a reply to a Jameson Lopp, a Cypherpunk.

Jameson Lopp stated on Twitter:

“Fascinating: @VitalikButerin agrees with @JeremyRubin that the value of ETH will trend toward 0 unless changes are made to the protocol.”

To which, the Co-Founder of Ethereum said:

“I think I’ve been pretty consistent about my view that (i) every present-day existing blockchain, including ETH and BTC, sucks, and (ii) PoS is necessary. Not sure why anyone surprised.”

This is the continuation of the series of the statement made by the core Developer Jeremy Rubin, a Bitcoin core contributor and the Co-Founder of the MIT Digital Currency Initiative on TechCrunch.

Jeremy remarked that “The collapse of ETH is inevitable”. He has predicted that the value of ETH will reach zero. This was followed by Vitalik speaking on the topic on Reddit. Vitalik claimed that the…

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