Skip to content Skip to sidebar Skip to footer

The crypto-verse is brimming with entertainment for those who look for it. From friendly banter to minor spats to full-blown tussles between crypto personalities, there’s never a dull day on Twitter. This time, it was Vitalik Buterin who became the target of several crypto personalities over different issues. However, Buterin took their”insults” sportingly, and crypto Twitter had a field day over the squabbles.

Advertisement

celsius network

Vitalik Buterin and Calvin Ayre

In a 24-hour frame, Vitalik Buterin got insulted by 3 major crypto personalities, and taking a jibe at the situation, he shared the same in a post on Twitter.

The first insult came from Calvin Ayre, founder of the Ayre Group and supporter of Bitcoin Satoshi Vision (BSV), who commented on Buterin’s post on how economic models are irrational. Ayre contributed his two cents on the topic saying that Vitalik has no clue about economics or blockchain.

The comment was interpreted as an insult by Buterin who shared it in his own post. As for crypto Twitter, it was divided between Buterin supporters and those who found sense in Ayre’s response.

Advertisement


Betmatch

vitalik buterin
Source: Twitter

Some people were clearly more upset by the comments than the others, and they did not mince their words while responding to the comment. As for Buterin, he acted smartly. Instead of responding to Ayre’s tweet himself, he let others do it.

Vitalik Buterin
Source: Twitter

Vitalik Buterin and Adam Back

Buterin’s second wrangle was with Hashcash inventor and CEO of Blockstream, Adam Back. This time, the bone of contention was the state of technology around cryptocurrencies. Bram Cohen, the author of BitTorrent protocol had shared Buterin’s blog post on the aforementioned topic, saying that much of it was “wrong-headed”. To this, Adam Back responded that looking at Buterin for state of technology around cryptocurrencies was like looking at Elizabeth Holmes for the state of biotech.

For context, Elizabeth Holmes is the former CEO of Theranos, a now-defunct company which has made news for having developed a method for blood testing using surprisingly small volumes of blood, such as from a fingerprick. Holmes was named the youngest and wealthiest self-made female billionaire in America by Forbes in 2015 when her company reached a $9 billion valuation. However, her success was short-lived as journalistic and regulatory investigations revealed the dubiousness of the company’s claims with regards to their revolutionary technology. After being exposed for fraud, Holmes was featured on Fortune’s list of “World’s Most Disappointing Leaders”.

On that thread too, there were two camps – supporters and opponents of Buterin.

Source: Twitter

Vitalik Buterin and Peter McCormak

The third “insult” came from Bitcoin maximalist and host of What Bitcoin Did, Peter McCormak. He responded to a tweet by Eric Weinstein, MD at Thiel Capital and host of The portal in which Weinstein talked about having done a podcast with Vitalik Buterin. McCormak jumped on the thread and called Ethereum “vapourware nonsense”, and indirectly referred to Buterin as a scammer.

peter mccormak
Source: Twitter

The comment did not go unnoticed, and Buterin shared it as the third insult for the day. The discourse continued on Buterin’s post, and McCormak clarified that he wasn’t insulting Buterin, and invited him to his podcast. But, Buterin raised that he had been called a scammer. McCormak responded that he was one with some hesitation, and at the same time, advised him to return to Bitcoin with the analogy of Ian Rush returning to Liverpool.

Source: Twitter

On the same thread, the crypto community was having mini-debates on the issue among themselves.

Source: Twitter

From the thread, it is evident that though Bitcoin is the top cryptocurrency, Ethereum has its own solid following. Peter McCormak, who is a Bitcoin maximalist, did not see much support for his set stance in favour of Bitcoin on the thread.

Thus, crypto Twitter had a field day observing and participating in the wrangles between Vitalik Buterin and the opponents – Calvin Ayre, Adam Back and Peter McCormak. For what it’s worth, the tact with which Buterin handled the criticism is worth admiring. 

Summary

Ethereum Creator Vitalik Buterin Gets "Insulted" By 3 Crypto Personalities in 24 Hours

Article Name

Ethereum Creator Vitalik Buterin Gets “Insulted” By 3 Crypto Personalities in 24 Hours

Description

The crypto-verse is brimming with entertainment for those who look for it. From friendly banter to minor spats to full-blown tussles between crypto personalities, there’s never a dull day on Twitter. This time, it was Vitalik Buterin who became the target of several crypto personalities over different issues. However, Buterin took their”insults” sportingly, and crypto Twitter had a field day over the squabbles.

Author

Vinnie Singh

Publisher Name

CoinGape

Publisher Logo

cryptocoach

Coingape is committed to following the highest standards of journalism, and therefore, it abides by a strict editorial policy. While CoinGape takes all the measures to ensure that the facts presented in its news articles are accurate.

Disclaimer
The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.



Share on Facebook



Share on Twitter



Share on Linkedin



Share on Telegram

Vinnie Singh , 2019-11-26 13:43:39 ,

Source link

Leave a comment

NewsBlock © 2019 - 2020 All rights reserved.

NewsBlock © 2019 - 2020. All rights reserved.


While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock


Nick Chong , 2019-11-10 12:00:38

Source link