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

Libra Coin News
Wed, 10/09/2019 - 13:51
Yuri Molchan
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
Cover image via 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!

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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