Vitalik Clampdown on Bitcoin Cash, a concern on the community?

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Avatar for KennieKing
2 years ago

As we all know, recently, the founder of Ethereum (vitalik Buterin) in his new year and latest tweet storm razed down the atmosphere by scaling down the Bitcoin Cash network where he considered BCH a failure, maybe a threat to his own network.

He was mentioning it all forgetting his own product that is yet to meet with the world most desirable thing, which is fastest network and cheaper fees when sending an ethereum based token to another wallet. Seriously i still don't know how people survives this, imagine paying a $50 to $100 fess just for sending an ethereum or ethereum based token to another wallet.

He also reflected on the problem of his network and what hes working on and how to solve the high fees posed on the network, imagine trying to clamp down a token and not working on yours:

his goal on ethereum in the years the years to come

He knows the major thing every crypto founder should work on is a reduced fee structure and at the same time faster delivery, yet everyone still looks forward to this, and the problem is yet to be resolved, imaging focusing on another goal oriented community and leaving yours to fade away slowly.

On the other hand, He was trying to clampdown on the Bitcoin Cash token and community, forgetting hes trying to toy with determined people and strong willed community, trying everyday to make the token the most acceptable cryptocurrency for international payment and world digital currency. In other words maybe he knows the good cause the token (BCH) is pursuing and with the advent of SmartBCH he felt threatened its going to compete with his own network and token in the industry, of course the best way anybody would have tackle this, is to clamp down a threat.

Vitalik statement on Bitcoin Cash

The statement was made on the 2nd of January on his twitter page as part of his new year tweet storm, this is to further proof of what he said:

The big question i have been asking myself is that, why now that we have SmartBCH that he started to feel threatened. Well this is a business world and every CEO would surely want to fight for his product place in the industry, which i thing caused the clampdown on the bCH token and network. He knows SmartBCH have come to stay and its brooding up to challenge Binance, Ethereum and every other chain offering a DeFi solution, SmartBCH has a lot to offer in terms of low fees transaction and faster transaction, quite low compared to BSC, ETH, Sol and the rest, and this is just the beginning, its only a matter of time that the world would know about it.

SmartBCH was like a blessing to the BitcoinCash and its community, just as BSC is to Binance, ERC to Ethereum. These chains contributed to the development of these tokens, because the token are used for fees, so why the hate on another chain on token when you can just continue building yours to better the world community at large, can we call this a DeFi war?

Can we call our dear SmartBCH a threat to Vitalik? maybe he knows what the future holds for the chain because of the low fees and faster transaction we have?

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2 years ago

Comments

Not a concern... He should be concerned more about what more smartbch can do 🤣🤣

$ 0.01
2 years ago

i bet he knows, that's why he never mentioned anything about smartBCH

$ 0.00
2 years ago

Great article from you brother, it's unfortunate that such statements would be coming out from a person such as Vitalik and at a time like this. It's nothing else than statements borne on envy and competitive tendencies.

$ 0.01
2 years ago

you have mentioned it brother, envy and the fear of being knocked out in the future, whatever his thought is, we will still overtake

$ 0.00
2 years ago

I'm not concerned. The fact that Vitalik once again made no mention to smartBCH proves it is a threat to Ethereum. He has seen data, perhaps visited noise.cash, read.cash, and has observed the on-chain activity of Bitcoin Cash, the developments, proposals, and everything. It is an attempt to undermine all this that is a threat to Ethereum. We stand our ground, though.

$ 0.01
2 years ago

he knows mentioning smartbch is like killing his own chain, people would love to research and try it out, a big threat it is. i see bch as a tree that has good fruit, many people would disturb it, because of the value it has

$ 0.00
2 years ago