Counterparty's Chris DeRose Calls Ethereum "100% Hype and No Substance"
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....
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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....
"I’ve been sending death threats since I was 8." I know a lead-in like that piques interest and so does Chris DeRose, one half of the abrasive and influential podcast 'Bitcoin Uncensored'. It’s why he said it. That, and to make his co-host and partner in alleged crime, Joshua Unseth, laugh. “Sometimes the most honest thing you can do is tell a lie,” Unseth adds. That statement should cloud everything you’re about to read. First, a brief introduction. For those who aren’t familiar, Bitcoin Uncensored is a loosely defined podcast that’s part constant Soundcloud experimentation and....
A new resolution submitted to the US House of Representatives calls for the development of "a national policy for technology" that would include digital currencies and blockchain technology. It invokes the idea of bitcoin without calling it by name – referring to "alternative non-fiat currencies" – and blockchain tech, which it says has the potential to "fundamentally change" how trust and security are established in online transactions. The non-binding resolution is sponsored by Rep Adam Kinzinger, a Republican from Indiana; and Representative Tony Cardenas,....
Blockchain has hit the peak of its hype cycle according to Gartner. That's the key finding from a new report, issued this week, that asserts the emerging technology is at a stage in its development where users and the public are suffering from "inflated expectations" about its benefits. Internet of Things (IoT) platforms, connected homes and smart robots were other technologies included in this category. But if that sounds negative, Gartner’s report also projects blockchain will come to be "transformational" across a variety of industries, and it forecasts that this....
You can add R Jesse McWaters, financial innovation lead at the World Economic Forum (WEF), to the growing chorus of industry voices warning that we’ve reached a "peak" when it comes to the hype surrounding blockchain technology. "I’m trepidatious about inflated expectations re: the blockchain," McWaters said in a new interview, the comments coming as he described the ongoing "awakening" he’s seen among major financial institutions in regards to the technology. While even the WEF itself has lauded blockchain as a global....