Counterparty Founder: Ethereum Can’t Work, it’s 100% Hype
Counterparty founder and the community director of the Counteparty foundation Chris DeRose explains that Ethereum can’t work because of simple reasons. Ethereum has arguably become one of the world’s most popular technologies in 2016. Multi-billion dollar banks and the world’s most powerful financial establishments and technology firms have begun to adopt the Ethereum network to create smart contract enabled blockchain networks that they claim can be applied to nearly every industry today. The result of the “Ethereum Hype” and its speculators’ overvaluation of the technology has allowed....
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In reply to yesterday's announcement of Ethereum cloning by Counterparty, Ethereum's co-founder Joseph Lubin commented on a Reddit discussion. He said: "Ethereum will ultimately (March 2015 release scheduled) be more general, elegant and powerful. Ethereum, when released, will be 100% feature-free. Instead of providing a handful of hard-coded features, Ethereum is a decentralized application programming, deployment and utilization platform which will enable developers to build any 'features' they can conceive of." Lubin quoted Ethereum CCO, Stephan Tual, who said: "It went from 'ethereum....
Counterparty announced that its developers have successfully ported the Ethereum Project's programming language over to the Counterparty platform, enabling users to save and execute Turing Complete Ethereum code on the Bitcoin blockchain. With this new development, Counterparty makes it possible to execute Ethereum smart contracts on the more secure Bitcoin blockchain. Also read: Gavin Andresen Outlines Bitcoin 2.0 Without Ethereum. Counterparty is a Bitcoin 2.0 and cryptosecurities technology platform. In the Counterparty protocol traditional financial instruments are implemented as....
Counterparty, the technology for decentralized financial tools on the Bitcoin blockchain, has started running Ethereum smart contracts by porting the Ethereum Virtual Machine (EVM) to its codebase. In late 2014, Counterparty added their support to execute the Ethereum smart contracts platform on Bitcoin; however, at that time, Ethereum was in its pre-alpha stage of development, with its first major release, Frontier, not yet being announced. Of course, with both Frontier, and later, the release of Homestead in late February, the developers at Counterparty have witnessed the EVM growing....
Spurred by Ethereum’s recent high-profile write up in the New York Times, Chris DeRose, Community Director at the Counterparty Foundation took to Twitter to vent his disbelief that Ethereum will amount to all its hype. On DeRose’s personal Twitter page, he sent a tweet to Bitcoin beat writer Nathaniel Popper, the journalist who penned the NYT piece warning him that he should be wary to endorse the alt.currency as a “project” due to it only having hype behind it and no substance. Of course, a bold and contrarian statement such as this one didn’t go unheard in the world of social media....
Counterparty recently announced they successfully imported the Ethereum smart contracts programming language into their Bitcoin 2.0 platform. The XCP price surged after Counterparty announced they recreated Ethereum on the Bitcoin-based Counterparty platform. Despite tapering off a bit following the rise, the XCP price still increased more than 60% in the past week. Also Read: Ethereum Cloning: Ethereum Comments, Counterparty Responds. XCP Price Ignites after Counterparty Announces Ethereum Clone. Earlier this week, Bitcoin 2.0 platform Counterparty announced that they had successfully....