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Ethereum’s [ETH] Vitalik Buterin refuses to play Craig Wright’s game

Priya

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Source: Pixabay

The #WeAreAllHodlonaut movement took the cryptocurrency space by storm after Craig Wright, the self-proclaimed Satoshi Nakamoto, threatened to sue Hodlonaut, a Twitter user. The user reportedly accused Wright of “fraudulently attempting to prove he is Satoshi.” Hodlonaut was also allegedly responsible for the #CraigWrightIsAFraud hashtag on Twitter.

Wright demanded that Hodlonaut apologize on Twitter, asking him to “acknowledge the falsity of the allegations made against Wright.” This apology, reportedly, had to be met within seven days of receiving the letter, following which, he would sue him on the “grounds of defamation.” Further, an article by Coingeek revealed that Wright would give $5000 in Bitcoin SV to anyone who provided information about the individuals pictured in one of Hodlonaut tweets.

This instead, led to a massive uproar in the cryptocurrency community, with several influencers and well-known developers showing their support by adding ‘Hodlonaut’ to their Twitter handles. More so, several members in the community also voiced their opinion on Wright, declaring that “Wright is not Satoshi.”

Michel Rauchs, a researcher at The Cambridge Centre of Alternative Finance, also joined in, stating that this was “pathetic even for Craig Wright standards,” adding that it was time to put an end to Wright’s claims of being a “Bitcoin inventor.” He tweeted,



“If anything, Craig Wright‘s actions (failing to understand basic Bitcoin concepts, attempts to deceive followers by forging messages, history of debunked lies, etc.) have repeatedly proven that he most definitely is *not* Satoshi Nakamoto […] At this point, I really don‘t understand how smart people can still fall for this.”

This was followed by Rauchs asking Vitalik Buterin, Creator of Ethereum, whether he was going to sue Ayre for defamation as well, considering that he had called Buterin a fraud a few days ago. He said,

“Appendix: Funnily enough, Calvin Ayre called Vitalik a fraud himself just two days ago. @VitalikButerin are you going to sue Calvin now as well for defamation?”

To this, Vitalik Buterin replied,





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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

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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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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