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Bitcoin Developer Peter Todd Claims Ethereum is ‘Scammy Project’ and ‘Massive Stock Offering’

  • Yuri Molchan
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    Pretentions from Bitcoin Core developers to those of Ethereum are emerging again, as BTC dev Peter Todd says Ethereum creators “lied about its capabilities” to investors

Bitcoin Developer Peter Todd Claims Ethereum is ‘Scammy Project’ and ‘Massive Stock Offering’
Cover image via news.u.today

The critics from a top-end Bitcoin developer Peter Todd towards Ethereum came as the annual Ethereum-organized devcon started on October 8.

In particular, Todd commented on the post by a respectful Twitter account Internet Archive that had published a video clip from the ongoing Ethereum conference.

He called Ethereum a ‘scammy project’, a ‘massive stock offering’ and stated that Vitalik Buterin and other co-founders had lied to the investors about its capabilities.

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This was supported by another member of the crypto community, apparently, harboring a grudge against Ethereum.

Obviously, this stand between Bitcoin Core devs and Ethereum devs has been going for a long time. A tweet by an ETH core developer from last year rebukes BTC devs for forgetting their actual duties in favour of criticizing Ethereum.

 

Do you support the accusations Peter Todd is making against Ethereum? Let us know about it in the comment section below!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

  • Yuri Molchan
    📰 News

    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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