{"id":1442,"date":"2018-11-02T05:01:21","date_gmt":"2018-11-02T04:01:21","guid":{"rendered":"https:\/\/coinfomania.com\/?p=1442"},"modified":"2024-04-20T08:28:27","modified_gmt":"2024-04-20T07:28:27","slug":"ethereum-founder-calmly-answers-trader-who-says-bitcoin-doesnt-compete-with-nonsense-like-eth","status":"publish","type":"post","link":"https:\/\/coinfomania.com\/ethereum-founder-calmly-answers-trader-who-says-bitcoin-doesnt-compete-with-nonsense-like-eth\/","title":{"rendered":"Ethereum Founder Calmly Answers Trader Who Says Bitcoin Doesn&#8217;t Compete With Nonsense Like ETH"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Vitalik Buterin, the core developer of the Ethereum Blockchain has sent a response to a crypto trader Tone Vays who claimed that the former was about to exit the project.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a tweet, Vays referred to comments by Vitalik at the Ethereum\u2019s Annual Developer Conference taking place in Prague. The founder had told listeners to he would have to fade into the background for true decentralization to take place on the Ethereum Network.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Vitalik described this as <\/span><span style=\"font-weight: 400;\">\u201ca necessary part of the growth of the community,\u201d even though he did not exactly say when it will happen.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It seems that his comments were not caught favorably by the crypto trader in this case. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">First, Tone Vays slighted that Vitalik is getting ready to pull a \u2018Dan Larimer\u2019, the name of the EOS blockchain founder who many in the community believe has turned his back on his project.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What likely moved Vitalik to respond would be the other part of the tweet which drew comparisons between Bitcoin and Ethereum. <\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">Looks like <a href=\"https:\/\/twitter.com\/VitalikButerin?ref_src=twsrc%5Etfw\">@VitalikButerin<\/a> is getting ready to pull a <a href=\"https:\/\/twitter.com\/DanLarimer?ref_src=twsrc%5Etfw\">@DanLarimer<\/a>. Exited!!. People continue to NOT understand what a Decentralized <a href=\"https:\/\/twitter.com\/hashtag\/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw\">#Blockchain<\/a> is &amp; why <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> does NOT compete w\/ nonsense like <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\">#Ethereum<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> or <a href=\"https:\/\/twitter.com\/hashtag\/EOS?src=hash&amp;ref_src=twsrc%5Etfw\">#EOS<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24EOS&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$EOS<\/a>, it compets w\/ <a href=\"https:\/\/twitter.com\/search?q=%24USD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$USD<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24EUR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$EUR<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24GOLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$GOLD<\/a><a href=\"https:\/\/t.co\/DM1KsqUp2r\">https:\/\/t.co\/DM1KsqUp2r<\/a><\/p>\n<p>\u2014 Tone Vays [@Bitcoin] (@ToneVays) <a href=\"https:\/\/twitter.com\/ToneVays\/status\/1058197268753395712?ref_src=twsrc%5Etfw\">November 2, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<span style=\"font-weight: 400;\">and here\u2019s Vitalik\u2019s response to the claim<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">1. I am not leaving. No plans to stop or reduce blog posts \/ ethresearch posts \/ github commits.<br \/>\n2. Vitalik is &#8220;in charge&#8221;: ETH is centralized! Vitalik is not &#8220;in charge&#8221;: Vitalik is pulling a Dan Larimer! This is why BTC maximalists have zero credibility.<\/p>\n<p>\u2014 Vitalik Non-giver of Ether (@VitalikButerin) <a href=\"https:\/\/twitter.com\/VitalikButerin\/status\/1058254026725195781?ref_src=twsrc%5Etfw\">November 2, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">1. I am not leaving. No plans to stop or reduce blog posts \/ ethresearch posts \/ github commits.<br \/>\n2. Vitalik is &#8220;in charge&#8221;: ETH is centralized! Vitalik is not &#8220;in charge&#8221;: Vitalik is pulling a Dan Larimer! This is why BTC maximalists have zero credibility.<\/p>\n<p>\u2014 Vitalik Non-giver of Ether (@VitalikButerin) <a href=\"https:\/\/twitter.com\/VitalikButerin\/status\/1058254026725195781?ref_src=twsrc%5Etfw\">November 2, 2018<\/a><\/p><\/blockquote>\n<h2>What We Learned From\u00a0Vitalik Buterin&#8217;s Response<\/h2>\n<h6><strong>He Is Still Committed To Ethereum&#8217;s Future<\/strong><\/h6>\n<p><span style=\"font-weight: 400;\">For one thing, Vitalik Buterin has reaffirmed his commitment to the development of the Ethereum blockchain into one that is capable of operating efficiently at a much larger scale. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">It was also revealed at Devcon that the <a href=\"https:\/\/coinfomania.com\/ethereum-2-0-launch-is-around-the-corner-says-ethereum-co-founder\/\">launch of Ethereum 2.0 is no longer far away<\/a>, so one thing we can at least be sure of is that Vitalik will play a part in this crucial level of growth on Ethereum.<\/span><\/p>\n<h6><strong>Any Downsizing of Vitalik\u2019s Influence on Ethereum Will Be Gradual<\/strong><\/h6>\n<p><span style=\"font-weight: 400;\">As pointed by Buterin at Devcon, true decentralization of the Ethereum Blockchain will not be achieved as long as the developer still has a lot of influence on the network\u2019s decision making and growth process. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Any failure from his part may bring down the ecosystem and this should not be the case on a decentralized network. For this reason, we believe that Vitalik will keep to his words and downsize his influence on the Ethereum Protocol. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This will be a long-term process, though and has already started as confirmed by Hudson Jameson of the Ethereum Foundation who said that Vitalik was already \u201cout of the decision-making in a lot of ways.\u201d \u00a0<\/span><\/p>\n<h2><b>Final Words<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The issue was subsequently resolved after Vitalik suggested that the headline and sub-headline which Tone Vays tweeted were hyped. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, there is no chance that Vitalik will never be concerned about what is going on with his creation even if he consciously downsizes his influence. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vitalik Buterin, the core developer of the Ethereum Blockchain has sent a response to a crypto trader Tone Vays who [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1813,5],"tags":[51,155,81],"ppma_author":[1762],"class_list":["post-1442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news","category-crypto-news","tag-cryptocurrencies","tag-ether-eth","tag-ethereum"],"acf":[],"authors":[{"term_id":1762,"user_id":2,"is_guest":0,"slug":"wilfredmichael","display_name":"Wilfred Michael","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/32392456f696437d60176fce03835647?s=96&r=g","first_name":"Wilfred","twitter":"https:\/\/www.twitter.com\/cryptowilfred","instagram":"","linkedin":"https:\/\/linkedin.com\/in\/wilfredmichael\/","user_url":"https:\/\/coinfomania.com","last_name":"Michael","facebook":"https:\/\/www.facebook.com\/wilfred.michael.568","description":""}],"_links":{"self":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts\/1442"}],"collection":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/comments?post=1442"}],"version-history":[{"count":1,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts\/1442\/revisions"}],"predecessor-version":[{"id":307299,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts\/1442\/revisions\/307299"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/media\/1444"}],"wp:attachment":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/media?parent=1442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/categories?post=1442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/tags?post=1442"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/ppma_author?post=1442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}