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- Crypto investor WhalePanda said to Vitalik that it was insensitive of a CEO to reply ‘we roughly know’ when specifically asked about the core feature of his company’s product.
- He further included a quote in the thread that said although Ethereum developers are not yet smart to work on Bitcoin.
- The entire debate is a classic example of the heat between Ethereum supporters and Bitcoin supporters.
In response to a recent tweet by Ethereum’s CEO Vitalik Buterin, a crypto investor WhalePanda said it was insensitive of a CEO to reply ‘we roughly know’ when specifically asked about the core feature of his company’s product.
Imagine that with any real financial product the CEO replies when asked a very specific question about the core feature of his product "yeah we roughly know". LMAO https://t.co/qg5WRXTgxi
— WhalePanda (@WhalePanda) August 8, 2020
Ethereum Developers Not Smart Enough To Work On BTC
He further included a quote in the thread that said although Ethereum developers are not yet smart to work on Bitcoin but they are smart enough to hurt the sentiments of the cryptocurrency industry. The entire exchange of debate started from Vitalik’s tweet on Ethereum’s hard cap. In his tweet, the CEO said that some Ethereum opponents have been trying so hard to press the lack of a previously set 21 million hard cap despite the fact that for the last 2 months gas price has been so high that the PoS rewards post EIP-1559 are completely scrapped.
Because we roughly know what it is according to the protocol rules, and we know that there's so many people running different implementations that a bug would get caught?
— vitalik.eth (@VitalikButerin) August 8, 2020
Summing Up ETH’s Supply, A Major Issue
In reply to the above tweet a crypto analyst, Pierre Rochard expressed his views saying that the more important issue than Ethereum’s hard cap is calculating the total supply of Ethereum which is relatively challenging. In fact he had to sponsor a bounty to get the first iteration. Buterin substantiated him with a screenshot from a website which showed the present supply of Ethereum. He further said that the present supply is obvious and clear. According to Buterin, what Rochard was looking for was verification of the consensus rules which can be simply done by running one of the multiple implementations.
In the same thread another Bitcoin supporter said that the summing up of the ETH’s total supply has been called out several times by the Bitcoiners. And why the developers are not worried about determining the supply independently. To which Vitalik said that they roughly know about the supply according to the protocol rules. Moreover there are so many people running different implementations to find bugs if any.
Never Ending Rivalry Between BTC and ETH Patrons
The entire debate is a classic example of the heat between Ethereum supporters and Bitcoin supporters. The drive for supremacy is what creates these controversial exchanges of statements among the netizens.
Although the founders of both the blockchain giants hold different views. The co-founder of Ethereum, Anthony Di Iorio believes that there is no reason why Bitcoin and Ethereum cannot achieve parity.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
