Ethereum co-founder Vitalik Buterin and Bitcoin developer, Zack Voell had a disagreement on Twitter recently. The conversation was about Bitcoin’s original purpose. Buterin’s belief was based on a statement issued by the original Bitcoin developer, Satoshi Nakamoto. He posted a document on Twitter with a statement from Nakamoto.
Buterin tweeted that he was certain that Bitcoin was developed for, from person to person transactions. He said this:
I joined Bitcoin land in 2011 and back then I remember a clear vibe that Bitcoin was P2P cash first and gold second.
Bitcoin developer, Zack Voell disagreed with his tweet, replying with one of his own.
Nope, digital gold was, is, and will be bitcoin’s narrative.
Buterin mentioned that there are many other cryptocurrencies that can be traded. If anyone dislikes the heavy fees, they could choose to trade another type.
It was a controversial pivot executed without many participants’ consent. It’s certainly reasonable to be upset about it, though yes, now the pivot has happened, and if you don’t like it you should just use one of the other blockchains whose community expresses different values.
This conversation was a hot topic and very controversial since Bitcoin was the #1 cryptocurrency that was being traded.
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