Sunday, August 18, 2019

Vitalik Buterin: Negative Dispositions does not Slow Production by One Day

The past few months have not been positive for ethereum like it has been generally for the crypto community; however, co-founder and major developer Vitalik Buterin is reiterating that the negativity would do nothing to stop their earlier planned schedules, just as it has never done.

Is Ethereum in Trouble?

The crypto market has put on a generally positive mood of late, especially going by news from Bitcoin and its alternate, Bitcoin Cash. Bitcoin is enjoying and garnering all the attention as bulls await a new solid climb to break the $6000 resistance support.  Ethereum, however, is going through some turbulent times, and it is way deeper than its price fluctuations.

It began when the cryptocurrency developing team postponed its much-awaited Constantinople hard fork, a move many did not see coming. A month later, Ethereum (ETH) would record its lowest daily block rewards ever. A few decided to play it down like Mati Greenspan, claiming that the new low for block rewards was actually positive for Ethereum and would increase the demand for the cryptocurrency.

View image on Twitter


Mati [email protected]

This is the chart that kind of started this whole rally.

New Ether coming online is less than 13,000 for the first time in history. Usually, it’s between 20k to 30k a day but has been declining lately due to the delay of #ConstantinopleHardFork.
Less supply + steady demand =

f anyone was swayed by Mati Greenspan’s argument, Afri’s departure from Ethereum barely a week later surely did not help matters, and it raised more questions that had earlier been buried. Afri was part of Ethereum’s core and major developer, and his departure from the community just a week before the scheduled Constantinople hard fork more than raised a few eyebrows. Afri, who was part of Ethereum’s major contributor on Reddit before his departure, has now left a strewn of unanswered questions and conversations on social media. Consequently, the mood has grown negative and questionable of recent and Buterin has finally lent his input into the situation.

Related Article:  Google And Instagram Are Showing Coinbase Ads Again

Negative Buzz about Ethereum 2.0

A Reddit user of recent questioned the negative influence that Buterin’s Ethereum proposal was having on the community and the crypto coin. The negative impact is doing nothing to deter the developing team; however, according to Buterin.  

“The team is larger and broader than you think,” Buterin replied. “While I get frustrated with the antics of the “chattering classes” myself, it’s important to keep in mind that Prysmatic, lighthouse, the eth2 research team, etc. are all continuing work right on schedule, and the recent governance noises, while loud and annoying, did not delay the progress of eth2 by even a single day.”

The team is everything, and it is just about right that Buterin understands the importance of teamwork completely, amidst the negative buzz.

More Articles

Scammers Pose as CIA Agents to Steal Bitcoins

Fake Central Intelligence Agency (CIA) agents are now parading to steal Bitcoin from unsuspecting people. In a letter emailed to one of...

Hash War For Bitcoin Cash: Bitcoin ABC Wins, Market...

The Bitcoin Cash hash war occurred today, and it has a clear winner: Bitcoin ABC. The battle transcurred normally and no chain attacked the other....

SWIFT’s New Payment System Aims to Better the Banking...

SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. Recently, it released a statement describing its plans to introduce a Global Payment Initiative...

Analyst Report Says, Lack of Uniqueness in Ethereum’s Smart...

On October, 31, three analysts from the Northeastern University and the University of Maryland released a paper called, "Analyzing Ethereum’s Contract Topology". This report which...

St. Louis Fed President James Bullard Says That Volatility...

James Bullard, the St. Louis Federal Reserve President, declared this morning how he thinks that the most important factor that is currently playing against cryptocurrency...

South African Taxation Agency Introduces Tax Regulations on Cryptocurrency

The taxation regulatory body of the South African government, which is popularly referred to as SARS (The South African Revenue Service), has introduced a...

South Korean Province of Gyeongsangbuk Launches Its Own Digital...

The ongoing South Korean blockchain experimental movement which is gaining grounds in the country while considering a location would count the province of Gyeongsangbuk...

NYSE, NASDAQ To Be Challenged By Wall Street’s New...

A host of reputable firms, the likes of Fidelity Investments, Citadel Securities LLC and Morgan Stanley, have made arrangements to unveil a new stock...

Facebook Continues To Rake In Profits from China Despite...

Once again, Facebook has proven not to be a company that can be easily intimidated by a ban. According to reports, the social media...

U.S. Government Returns Stolen Bitcoins to Bitfinex Cryptocurrency Exchange

Bitfinex, a cryptocurrency exchange on February 25 stated that the U.S. government has returned 27.7 Bitcoins to the exchange. In the first instance, funds which...

Huobi Details Its New Strategy For Listing Stablecoins: HUSD

Huobi Global, one of the most important exchanges in the whole world, has announced its new initiative on stablecoins. Huobi will try to integrate...

South Korean Crypto Exchanges To Be Regulated By The...

The regulation of cryptocurrency exchanges will now be controlled by the South Korean government. This decision was announced by the Korea Financial Intelligence Unit...

Latest Articles

Why US-based people can’t bet with bitcoins at online...

Online gambling using bitcoin has been happening since the time when cryptocurrency came into being. In the initial days, gamblers used to opt for...

Couple Pays For Breakfast Using Bitcoin, Community Finds This...

A Reddit user by the username u/portageco recently made a post in bitcoin's official subreddit. In his post, u/portageco boasts about how he paid...

Australian Woman Leads Adoption, Tours 10 Countries Spending Cryptocurrencies

Who says you can't go around the world spending cryptocurrencies? As many believe, cryptocurrencies are only good for speculations. But with a little research,...

Did A Physical Bitcoin Just Sell For $99k On...

As at the time of reporting, the listing on eBay had closed. This could be because the seller got a buyer or he decided...

Litecoin Now Approved In 30,000+ Stores

As cryptocurrencies gain ground, more and more technology-based firms find ways to incorporate the nascent technology into everyday life. Moon, prior to this time,...

How To Shop on Amazon with Bitcoin – Step-By-Step...

Wondered how to shop on Amazon with bitcoin? Then here's how you can purchase goods on one of the largest e-commerce websites that ships...

How To Buy Bitcoin On Coinbase – Step-By-Step Guide

Buy Bitcoin on Coinbase instantly in the U.S., UK, Canada, or anywhere you are globally. Coinbase cryptocurrency exchange has enabled its customers buy the...

Grayscale Bitcoin Trust Boosts By 300%, Affects Oil &...

The institutional investment product, Grayscale Bitcoin Trust (GBTC), experienced a growth of more than 300% due to its outstanding performance since February, Forbes reports....

How To Create A Coinbase Account – Step-By-Step Guide

Create a Coinbase account with ease. Use this illustrative guide to create a Coinbase account for buying, selling, and storing cryptocurrencies. And you know...

$9.2 Trillion Transferred Using Bitcoins In 2.5 Years

Against present belief that bitcoin is only used for speculation, James McDowall, a crypto investor and advisor shared a metric about Bitcoin that's been...

Malware Posing as Movie File Manipulates Results and Steals...

A new form of malware posing as movie file was discovered last year and was designed to steal cryptocurrency and inject manipulated results into...

No-fee Mobile Trading App Quantfury Increases Crypto Support with...

The no-fees mobile trading app Quantfury has been expanding its crypto services lately, most notably with the addition of the DASH cryptocurrency. The coin...