January 3, 2022

Ethereum Founder Not Confident With Bitcoin (BTC), Bitcoin Cash (BCH) Title Failed!

 Ethereum founder Vitalik Buterin shares some of his predictions and regrets.


Prior to launching Ethereum (ETH) in 2015, Buterin was very bullish with Bitcoin.


Clearly, this feature of the crypto king has anti -resistance and cross -border functions that offer ownership and wealth protection for its investors especially in some countries such as: Iran, Argentina, China, and Africa.


However, through his latest tweet on January 1, 2022, this figure realized that the adoption of crypto is very high, but even higher the adoption of stablecoin because businesses there use Tether (USDT).


Last week, I actually went to Argentina! My verdict: generally correct. Cryptocurrency adoption is high but stablecoin adoption is really high too; lots of businesses operate in USDT. Though of course, if USD itself starts showing more problems this could change.


- vitalik.eth (@VitalikButerin) January 1, 2022


Going back to 10 years ago, Buterin was convinced Bitcoin had anti -censorship technology from getting the attention of the government.


But today, Buterin doesn’t deny Bitcoin’s decentralized features are capable of supporting its resilience for the long term. But it will not thrive.


Ethereum 2.0 “Proof of Stake (PoS)”


Ethereum’s transition to version 2.0 is highly anticipated by its entire community, as is Buterin.



When it comes to ‘the internet of money’, each transaction should not cost more than 5 cents.


As a result, Ethereum developers are working to ‘move’ Ethereum out of the Proof of Work (PoW) consensus to PoS, thus increasing network scalability.


Bitcoin Cash (BCH) FAILED


If in 2017 Buterin was very optimistic with Bitcoin Cash, but due to the rebellious BCH community caused this cryptocurrency to have failed.


Here is his share:


Today, I would call BCH mostly a failure. My main takeaway: communities formed around a rebellion, even if they have a good cause, often have a hard time long term, because they value bravery over competence and are united around resistance rather than a coherent way forward.


- vitalik.eth (@VitalikButerin) January 1, 2022


Regardless of NFT


Buterin has put forward predictions on financial decentralization (DeFi) that are accurate, but forgotten about the existence and growth of non-fungible tokens (NFT).


Buterin did not escape with his regret in crypto.


What about you, there are no regrets in investing in crypto?