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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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Nationwide Blockchain of China Finally Preparing for Launch

  •  Denis Sinyavskiy
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    China launching nationwide blockchain service in beta mode until March 2020. It must push forward digital economy and smart cities

Nationwide Blockchain of China Finally Preparing for Launch
Cover image via www.123rf.com

China continues to take steps toward the digital economy and smart cities by officially releasing a nationwide blockchain service network, XINHUANET says.

Blockchain service network expectations

UnionPay, State Information Center (SIC), China Mobile and three other organizations worked on a system that will help China lead the blockchain technology market. Blockchain beta testing has already been announced and will last until March 2020, and all content and services will be available for free till that date.

BSN is expected to accelerate the development of digital technology and smart cities, as well as foster the development of new technology and industries.

What about CBDC?

Earlier, U.Today reported, that China has come close to creating its own cryptocurrency and may even launch it this fall, but then there was information that the national digital currency will appear later.

But China will not become the first country to introduce a national cryptocurrency. The Kingdom of Bhutan has already done it this month, as we already reported.

So, what do you think? Does the launch of China's national blockchain mean that the country will become a leader? Write what you think about this in the comments section!

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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