Bitcoin, Crypto currency, Blockchain

Vitalik Buterin: Bitcoin SV is a “waste fire” | Coin Hero

Vitalik Buterin: Bitcoin SV (BSV) is a “waste fire”

Home News Vitalik Buterin: Bitcoin SV (BSV) is a “waste fire”

Of
Marcel Knobloch –
30.12.2018

Vitalik Buterin, founder of Ethereum, has a lot of respected opinions in the crypto-Space. Recently, he led the Twitter discussion that related to both Bitcoin as well as its controversial offshoot, Bitcoin Cash (BCH) and Bitcoin SV (BSV). Buterin sparked the discussion, when he referred to Bitcoin SV as a “garbage fire,” and he and others on the benefits of Proof-of-Works (PoW) and Proof-of-Stake (PoS) – discussed algorithm.

A Twitter user asked Buterin for his opinion about Bitcoin SV (BSV). In his answer Buterin didn’t hold back with his criticism of Bitcoin SV and calling it a “waste fire” (“dumpster fire”). As we know, Vitalik and Craig Wright, the voice of Bitcoin, SV are not friends. At the latest since the Consensus conference of this year, Buterin explained that he believes that Wright was the inventor of Bitcoin – Satoshi Nakamoto – and he referred to him as a fraudster, should not be surprised by the significant response of Buterin.

In relation to Bitcoin and its scaling Vitalik explained that although consensus is the Roadmap of Bitcoin, or the PoW-agree, he holds the Lightning Network, but for “cool tech”.

Prior to the creation of Ethereum in 2014 Buterin was a big supporter of Bitcoin. He worked for the Blog Bitcoin Weekly, before he co-founded the Bitcoin Magazine. In his Tweet above, he confirmed his continuing support for Bitcoin and distant at the same time, significantly of the Bitcoin SV.

Bitcoin experts and Bitcoin ABC were both on 15. November 2018, from Bitcoin to Cash (BCH). BSV was developed with the aim to solve the problems of the increasing scalability of Bitcoin “on the chain” through the use of a giant block. Since the establishment of BSV has to fight again and again with different journalistic and technical problems.

In addition, Bitcoin SV is listed is still not on the major crypto exchanges, including the Gemini and Coinbase,. Etoro has even announced recently that they will not support Bitcoin, SV, and offers instead to 92 USD per Token as a refund.

On the other hand, the “Bitcoin Cash war has churned” the market is strong, and has led to a major split in the hopes of the investors. Many investors share Buterin’s opinion about Bitcoin is Cash, and in part to the Hard Fork the blame for the bear market of the last few weeks. Bitcoin is Cash, and Bitcoin SV have been reported since the Fork rate is technically a difficult time and great loss. While BCH is currently 160 USD, Bitcoin SV is currently at 90 USD.

Vitalik Buterin believes “the Proof-of-Work”

In a further Tweet Buterin said that “he believes in the Proof-of-Work.”

Ethereum is currently working with the “Casper”-Update it-log on to the Proof-of-Stake to change, a much anticipated Change, the publication has no fixed date. In addition, Sharding 2020 is supposed to come on the market.

Leave a Comment