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Ethereum Classic [ETC] Summit: Charles Hoskinson speaks about Bitcoin [BTC], ETC ecosystems and the road ahead

Priyamvada Singh

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Ethereum Classic [ETC] Summit: Charles Hoskinson speaks about Bitcoin [BTC], ETC ecosystems and the road ahead
Source: Pixabay

On 13th September, which was the second day of the 2018 Ethereum Classic Summit held at Seoul, South Korea, the creator of Cardano and Co-Founder of Ethereum, Charles Hoskinson delivered the last talk of the show titled ‘The Road Ahead’. Here, he outlined a future for Ethereum Classic as well as the entire cryptocurrency ecosystem and introduced different perspectives.

Giving a general stance on the future of cryptocurrencies and blockchain, he stated:

“At the end of the day, cryptocurrencies are really going to be something significant. And they are actually going to be a decentralized option. Not something that is controlled by patrons or governments or controlled by small communities.”

Hoskinson explained how the Ethereum Classic community is at an advantage when it comes to having a small number of people involved in contrast with Bitcoin’s large community. He added that the community will eventually have to figure out how to evolve and sustain without an appointed leader to show the way.

“And the great value for the Ethereum Classic community for the road ahead is that we now have to pursue a completely different roadmap from where Ethereum is eventually going to go. It is sure going to be a fight ahead but we have to be our own guide.”

Furthermore, the tools used by the community to resolve that fight should not just be significant for the community but for the entire cryptocurrency ecosystem, stated Hoskinson.

Next, he talked about the benefits of decentralization in a small community. In the case of Bitcoin, the community is too big and is therefore prone to controversies. Hoskinson said that there is too much value and brand at risk in such a community.

He believes that the Bitcoin community takes a long time to land decisions whereas Ethereum Classic can build multiple governance systems quickly. The Cardano Founder gave this as a reason to still be interested in ETC.

In the latter part of the talk, Hoskinson took the questions from the audience and answered them in length. The ETC Summit also carried sessions by popular figures in the cryptocurrency space, such as Thomas Lee from Frundstrat, Coinbase member Kayvon Pirastani, several researchers and developers from Input-Output [IOHK], Cody Burns, the blockchain architect at Accenture, among others.



A Twitter handle named The man of the hour commented Hoskinson’s talk and stated:

“Shouldn’t this guy be talking about Cardano ? Focus in too many places. Not good.”

VittoGoL, a YouTube user and cryptocurrency space follower also wrote:

“We are still waiting for the new wallet faster and light. When is coming out?”





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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.

Bitcoin

Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra

Febin Jose

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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.

Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,



“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”





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