In another tweet, he says:
Buterin later added:
@Ragnarly Past performance not indicative of future results; I actually think BTC is more likely than ETH to split in 2 in 2017
Lifthrasir had, in his response to the news that the United Arab Emirates is using Ethereum (ConsenSys) to conduct a real estate records pilot program, described the UAE as “being irresponsible for using Ethereum (ConsenSys) over Bitcoin” for the program.
He added elsewhere that the notion “that Blockchains are "all about" one-X-to-rule-them-all is silly maximalism.”
@Ragnarly Or, they can just... choose the chain that makes sense.
He stated that: “Ethereum is a terrible choice for a real estate database.” His argument is based on the view that real estate records need to exist for decades and that “Ethereum is too unstable, too mutable, too unproven compared to Bitcoin to be used for a real estate database.”
Buterin has since published “A Proof of Stake Design Philosophy” which is his own views on why proof of stake protocols exist and how to design them.
He stated in a tweet to Ragnar Lifthrasir:
As the lead developer of Ethereum, Vitalik Buterin counters the view by the founder of the International Blockchain Real Estate Association, in hinting that Bitcoin is more likely than Ethereum to split into two in 2017.
For John Lilic, the co-founder of Code to Inspire and a ConsenSys LLC member, he thinks: “Not like as if the UAE did not consider #Bitcoin or other tech. They arrived at #Ethereum after careful consideration #TechWinsOverFeelings.”
He also cited the exploitation of $150 mln worth organization The DAO in June 2016, the subsequent hard fork that split Ethereum miners, the network’s history of bugs and errors and the uncertainty of Ethereum developers to switch from Proof of Work to Proof of Stake consensus algorithm.
@Ragnarly To clarify I'm referring to an ETC/ETH style fork, not accidental consensus splits
Lifthrasir thinks that the 400,000-times greater hashing power of Bitcoin and its 23-time bigger market cap make it a better choice for the real estate database instead of Ethereum.
Jiang Zhuoer: BTC.Top Will Support the Camp Favored by a Majority of Hash Power in the Bitcoin Cash Hash War
Jiang Zhuo’er and his BTC.TOP , a major Chinese mining pool, will not take side in the upcoming Bitcoin Cash’s hash war between two competing camps, Bitcoin ABC and Bitcoin SV. Zhuo’er shared h
F2Pool Will Support the Mining of BCHABC and BCHSV after Bitcoin Cash Hard Fork
F2Pool, the sixth largest bitcoin mining pool in the world, announced on Tuesday that it will allow miners to mine both coins generated from the upcoming Bitcoin Cash hard fork after the chain split
IBM Says Blockchain Can Power 'Open Scientific Research' in New Patent Filing
A patent application published Thursday claims the process of conducting scientific research can benefit from the blockchain.
Led by a team at IBM's Watson Research Center, the patent application p
CFTC Fines Bitcoin Trader $1.1 Million for Crypto Fraud
The U.S. Commodity Futures Trading Commission (CFTC) has jailed a bitcoin trader and fined him over $1 million for running a fraudulent bitcoin and litecoin scheme.
According to a press release iss
Japanese Firms Claim Success in Marine Insurance Blockchain Trial
One of Japan's largest insurance companies, Tokio Marine & Nichido Fire Insurance, and IT firm NTT DATA have completed a trial that put the paperwork for marine cargo insurance claims on a blockchain.
Accenture Puts Software License Management on a Blockchain Platform
Global professional services giant Accenture has rolled out a new software license management application built with tech from distributed ledger startup Digital Asset.
Accenture announced in a pre
Singapore's Central Bank, SGX Develop Blockchain Settlement System
The Monetary Authority of Singapore (MAS) and the country's stock exchange, Singapore Exchange (SGX), have developed a settlement system for tokenized assets that can work across different blockchains
Colorado Regulators Crack Down on Four More ICOs
Colorado regulators took action against four ICOs Thursday, bringing the state's total number of cease-and-desist orders against crypto startups to 12.
The state's "ICO Task Force" rebuked Bitcoin