First Charlie Lee, now Vitalik Buterin. Why are these cryptocurrency figure heads (finally) running from the spotlight?
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Totally Agree. Even if Charlie Lee was simply taking advantage of a position, he should have turned around soon thereafter and got right back into it. When they don't it makes them look bad. It will be the same thing here. And you can bet your buttons Buterin knows something. Besides ETH is dated and better products are being offered. IMHO it's days are numbered anyway.
What is decentralized? Read btc white paper. What is coin vs token. Any coin that is minable is a coin exept eth. Eth is a platform to create token yes token like xrp fullbame cripple are not minable but is is created out of eth platform ico remeber last year bunch of them are scam. So there is no blockchain on token to validate a new coin that is created.seach youtube how blockchain works there is a simplified way. Now why univorn moving away from eth connect hey hey hey bit connect. You mentiob about network what is network on btc network is a node or miner that validate the transaction and new coin that is credited to miner in short blockchain technology. Unicorn (vitalik) knows he pre-mined 77 million eth means he solo mine eth keep the 77 million then release to public means miner have a chance bitbetrippin is one of the shiller of eth. Just type bitsbetrippin on you tube see how he shill about eth and buy Graphics card to mine eth. So early 2018 eth price drop unicorn started asic mining E3 cost 1800 dollars dificulty bomb unicorn crated mining 77 million eth now it cluster the last month he came up with new graphics card 1400 mh/s imagine how much dificulty it will add to current difficulty? Eth network is getting abandon by miner the difficulty of mining anf no POS proof of stake false promise to people. Then eth developer xame up using cell phones to validate transaction (nodes) good luck on you data and battery and you aint getting chit basically free nodes for eth devs lol. I forget eth have no max supply btc 21 million. Coins with max supply until its mined the last block. Btc ltc zec dash zen sorry monero fans i like the security of monero but its like eth and fiat unlimited printing. Hope it help for you to know why unicorn is bailing out He flock up and miners know eth is eth connect hey hey hey. Thats why i like watching day trader day dreaming about eth and cripple.
The crypto rats are leaving the ship and you poor snowflakes 🐑 people and Muppets are going to take the hit and are going down with the ship. Better cash out of crypto crap and buy silver and gold God's money, before its to late!
If you have watched any of the dev calls you would know that vitalik is only the "leader" in the eyes of the public. The dev team runs itself without him mostly. He is basically symbolic as a leader nothing more. Makes sense that he wants to abolish that. I doubt he will remove himself from being involved all together.
Did anyone go to the LiteCoin summit in SF CA. The United nation was there and presented Charlie Lee with a award for all hard work in BlockChain. Also, type in or google & listen to the Senate Banking Committee Holds Hearing on Crypto - Oct. 11, 2018 & fast forward T 9:35. Looks good for Crypto :)
My opinion is that he understands what Charlie lee has done for litecoin in making it a truly Decentralised project.
And I don’t think it a fair comment to say why not from the start ! Things change and rules change. I believe regulation is his reasoning for distancing him self from the project???
Deep State created Bitcoin. Over 5 million Bitcoin missing, think again. When regulations are passed, when Cryptocurrency replaces Fiat...The missing Bitcoin will suddenly be found..Major News after years of investigation over 5 Million Bitcoin Found...
Im glad Vitalik didn't go anonymous because he is such a cool guy and an asset to the whole Cypto space. We would all never know how smart he is because he wouldn't have had the media. If he went out now at least no one could hassle him for going out on a high.
There is nothing preventing IBM/Microsoft/Google/Amazon from adopting distributed ledger tech and crushing the current "leaders" in the space. Even no-fee options like Nano and EOS will probably fail.
I see Vitalik, Larimer, Hoskinson and Lee selling out of crypto and enjoy that hype money.
jordan young Brittrex is to hard to use? Litecoin is going down with popularity and its market cap is shrinking. And because ltc is attached to Charlie Lee it will turn people off to holding ltc. I see litecoin value but I think it’s shrinking in relevance to other coins.
People just confuse the forced association through taxation that keeps the Fed chugging alone with voluntary consent. These are called decentralized systems not non-centralized systems. Centralization is still held to some regard.
You know something ? Vitalik has become a pain in the butt. If you want to leave , that's fine. Just freaking go.
Instead of developing his coin , he complains about people wanting to buy Lambos. What the f..k do you care what people say or do ? First he left the Bitcoin group , now he's most likely going to leave ETH. Is this guy ever going to finish a project ?
EOS (and DPOS in general) is my vote for a good balance between decentralization and still being able to remain functional (fast blocktimes 1/2 a second for EOS) and being able to evolve/change rapidly and thus staying relevant in the future.
Great video 👍 I can feel and understand your frustration. I think an interview with Charles Hoskins over this subject would be a wonderful discussion! Cardano has a great vision of how to make the platform governed by the users. Dash has a pretty interesting take on this as well you should definitely take a look. Keep up the great work and thanks for posting on BitTube!
Tron is going to crush Ether that is why Vitalik flew the coop. Plus there is talk he is involved with a new coin created by / for the Rothchilds among other big power families. Any thoughts ? Love your info BTW thanks .
For a properly decentralized crypto currency project, it seems to me that there would need to be a "Constitution" of sorts to properly govern it, that way people can come and go, but they all need to adhere to it - perhaps via smart contracts. There simply do need to be "custodians", like any open source project, or it dies. And DAOs haven't been proven to be 100% effective, either. So if we could find a way to put a type of Constitution into a series of smart contracts and have that be what governs, it would help to further decentralize, and protect, crypto projects. And release the governance contracts under open source licenses.
Always beautiful in beautiful places with a beautiful message. Love your style.
My only qualm with the anonymous creator identify is that we don't know who is really pulling the strings. For all we know Satoshi is just an NSA front to appeal to the alternative worlds for support and funding to then slide in a digital currency takeover of fiat. Leading to a less anonymous and more exposed form of currency as an end result. Fast forward to the end of this process, it appears that's what we're getting. Meanwhile 75% of BTC is controlled by a handful of "anonymous" Chinese. I think that is far more dangerous than transparency.
I think the Apollo coin is a middle ground between consensus with transparency and the dangers of shadow works. The very movement of BTC in the end might turn out to be a giant hypocrisy. Be prepared should this be the case. Thus, no more need to hate on those projects that are as transparent as non disclosure agreements will allow.
The manipulation in this world is appalling. Love and respect for you no matter what happens. Staying positive is key but after this year, crypto is no different than any other future, commodity or currency that exists in other markets. It's simply now an addition of the current structure, in fact, it gives survival to the current structure more than anything else.
In the end, there's no way to wage a revolution against the structure using their banks, electricity, interent etc. Thus, I think positions in currencies that are solving the structures problems are set for the best return on investments. It's hard to justify a battle cry when we don't know who is truly behind it nor who has the most control over it. A cornerstone away from realizing that a deep seated hypocrisy runs the attitude currently. Sure to be squashed once Bakkt and Yale etc have made their positions and opened up for just another part of the structure.
I would have to say ETC as well. ETC was born out of a total abandonment. Literally left for dead by the Foundation, when anonymous and public users say example, "whatisgravity" or "arvicco", coordinated on github and picked the project back up keeping the ETH promise of immutability. Soon others joined in as volunteers, ETCDEV was formed to maintain the core projects, IOHK joined in as did another group called "Ethereum Commonwealth."
IMO The decentralization is very much akin to how bitcoin progressed from one person (or group) to a few devs, to underground and DNM community, and now slightly more mature, filled with everything from hobbyist to enthusiasts to fund managers to investment banks.
its more less they own many many of their coins before they had value and waited till now when they went up in value, cash out and talk, Vitalik is doing the same, cash out when ETH has great value. then walk away and make the entity fully decentralized even, so many things out there we will never fully know the true answer is. except those guys are probably laughing right now. Always great for the update thanks for sharing. Sincerely JR of Exciting World Cryptos
Omar Garcia you’re wrong. People misunderstand what Ripple are doing. It’s a trojan horse in the banking system. They will adopt it but will ultimately lead to their control dissapearing. Ripple has been smarter than anyone else because they speak the language of the banks. The XRP ledger is actually decentralized, Ripple only control 7% of validators. 80% is needed for consensus for XRP ledger, it is also open source. David Schwartz filed a patent back in 1988 for a distributed ledger system, 20 years before Bitcoin was created. This goes back further than anyone realise. What Ripple is doing is the smartest thing ever done and the most misunderstood. Vitalik was supposed to work at Ripple but his work visa to the US was declined. He learnt from Ripple, they used to have a smart contract development called Codius that Vitalik learnt from, he later created Ethereum. Codius has been revived.
Don't be too sure, there was probably someone saying the same thing on the eve of the internet, yet here we are; the information highway, who obviously hasn't been kind to governments.
Can you imagine economies being the same as of now along fiat in the future?... I don't think so, we already have all the money in digital form, this is just the next step and like all things, drastic change is not always welcomed (Science is testament to this problem when it comes to people).. let alone tackling money, the world is sensitive about that.
Regarding XRP, you're agreeing with me, I was never against it, I thought you were. I just don't like that Ripple uses a crypto model (kinda, XRP is not decentralized), to help the one's that cause most of our monetary problems (Bankers) Ripple is (in a way) helping banks catch on and not miss the boat, solving their transference problems and limitations, thought that is XRapid/XRP drive-force behind it's adoption and value, so it's a bit of both. I only invest in Bitcoin, but I also understand alt coins place in this paradigm shift.
To me it isn't even ridiculous to think that in the far future everyone can have their own currency, including big companies, not that they will, but it's a possibility in the far future, it gives them more control over their product among many other perks, so nothing to me is out of bounds when it comes to crypto including Petro Governments.
All those old systems will come to an end, it's inevitable, were are just in it's infancy.
What is the main source of your crypto news? I'd recommend just reading from peoples twitter feeds (straight from the horses mouth). I think the news over Vitalik leaving ETH is vastly overblown, I think you'd realise this, if you read his twitter. Thanks for your great channel, look forward to more of your videos.
ETH (Technology/Management) = Garbage. Will fail. Mark my words. I've seen many ill managed software projects like this one in my career (which I was not involved in) and the ONE thing they all have in common: They Fail!!!!!!
Update: Constantinople release push back. Typical of badly managed projects. Such projects keep pushing the dates, add more resources to the project (which amplifies even more the chaos) and reduce the scope of the delivery...To be continued...
Most software >> 70%, is garbage ... even software in crypto, block chain, etc... some is even functional, though not efficient or secure. Why to people suck at code? The machines do not write much better... AI is dumb.
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