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Ethereum’s [ETH] Vitalik Buterin and others express disappointment over presence of ‘BSV shills’ at Deconomy 2019

Akash Anand

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Ethereum's [ETH] Vitalik Buterin and others express disappointment over presence of 'BSV shills' at Deconomy 2019
Source: Pixabay

The recently concluded Deconomy Forum included a lot of proponents from the cryptocurrency space who talked about the developments and updates in the industry as well as the future of digital assets. The roster included luminaries and critics of the space, ranging from Ethereum’s Vitalik Buterin to Nouriel ‘Dr.Doom’ Roubini.

Vitalik Buterin, who has been an avid supporter of the Bitcoin ABC camp since the Bitcoin Cash hard fork, confirmed his allegiance yet again when he spoke against the Forum including “BSV shills” in its panel. Buterin tweeted:

“Kinda disappointed @Deconomy_forum  is again giving airtime to BSV shills, this time a panel of them.At least there’s some hilarious quotes… my favorite was that Segwit is bad because separating signatures from transactions “has legal ramifications”

The part of “Segwit is bad” is something that was built on a shaky foundation because recent reports had shown that SegWit-spending payments had reached an all-time high, nearing almost 50 percent. Segwit spending basically refers to:

“A transaction that spends one or more SegWit outputs is considered a SegWit-transaction. The organization then aggregates the payments from SegWit-transactions per day and compare them to the number of total payments per day resulting in the percentage of SegWit-spending payments.”

The Ethereum co-founder was not the only one who expressed his disappointment over BSV supporters speaking at the conference as he was also joined by personalities like Andreas Antonopoulos and Luke Dashjr.

Antonopoulos, the author of Mastering Bitcoin, commented:



“Yeah, disappointing. There’s a general click-bait attitude in the selection of topics and sessions. I guess this kind of drama sells tickets, but it imposes a cost for the entire industry.”

Luke Dashjr said,

“Ironically, they’re not even separated (except by some definition of “separated” which is inherently ALWAYS true, because you can’t sign the signature).”

Not everyone agreed with Buterin though and was crticized by Peter McCormack. McCormack called out Buterin and asked,

“Why do people from Ethereum have more right than people from BSV to be at the conference?”

 





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Ethereum

Ethereum [ETH] witnessed 6 of 10 of its highest usage days in the past three weeks despite bear attacks

Akash Anand

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on

Source: Pixabay

Ethereum [ETH]’s movement on the cryptocurrency charts has been termed ‘slow’ or ‘unresponsive’ by many people involved in the world of digital assets. This subtle attack on the Vitalik Buterin co-founded network has been a prolonged process with many betting on the “death of the Ethereum network” due to the rise of faster and more efficient technologies and blockchain networks.

The second largest cryptocurrency, however, seems to have taken all these comments in stride as new data emerged that 6 of the 10 highest usage days in Ethereum’s history occurred over the past 3 weeks. Data from Etherscan.io showed a rise to a peak as Ethereum recovered well after the downturn in mid-January. The astounding peaks in terms of usage were also made evident when compared to the usage data in December/January 2018, the time period when the cryptocurrency market had reached its all-time high.

Some users in the cryptocurrency space were still critical about the data, with dk_holdnaut, a cryptocurrency enthusiast tweeting:



“I have never seen or even heard about anyone using any Ethereum app. If it was truly decentralized and censorship resistant I believe the people that value these perks the most atm and have the most funds to devote would’ve build a drug market dApp by now.”

However, Ethereum’s competition, EOS and Tron are not far behind. Just recently Tron, the Justin Sun-led cryptocurrency had announced that the TRX mainnet had crossed 2.5 million accounts, beating Ethereum with 8 million blocks. Ethereum, despite having the chronological advantage, had only 7.5 million blocks.

Ethereum had taken another hit when EOS set the record for the most number of cryptocurrency transactions in one day. Daniel Larimer, the CTO of Block.one had tweeted:

“#eos recently set a record of over 70m actions processed in one day. An average of over 810 actions per second. Our team is making great strides in further optimization and scaling. #B1JUNE”





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