Showing posts with label Vitalik Buterin. Show all posts
Showing posts with label Vitalik Buterin. Show all posts

The Russian Government Wants A Piece Of Ethereum Creator Vitalik Buterin...

The Russian government has taken a hard turn from 'considering' banning crypto, to embracing it and aggressively attempting to solidify themselves as a global player in the market.  Part of that plan - get Ethereum's creator on board.

This segment aired earlier this year, but was just made available online.

Video Courtesy Of Vice On HBO

Ethereum creator Vitalik Buterin: Bitcoin does 1 thing well, like a calculator. But Ethereum is a smart phone - with endless possibilities via apps.....

Vitalik Buterin is the co-founder of Ethereum, the second largest cryptocurrency in the world. Buterin says that bitcoin does one thing and does one thing well. He compares it to a plot key calculator whereas he sees Ethereum as a smartphone. A smartphone can run a plot key calculator app, but it can also run other apps.

Do you agree with his compairson? Tweet us @GlobalCryptoDev!

Countdown to the big Ethereum update - Vitalik Buterin explains what's coming...

We've noticed many people still generally unaware it's even happening - so with the big day coming Jan 16th - now is the time to catch up and learn what to expect.

This video recorded at Ethereum's Devcon conference, features Vitalik Buterin explaining what this update includes.

To answer the most common question we've been seeing - if you own Ethereum, and don't mine it - you don't need to do anything.

Video courtesy of 'Crypto Trader' on CNBC South Africa...

Elon Musk comments on Ethereum scammers on Twitter - Vitalik responds...

Tesla CEO Elon Musk is among a long list of people targeted by Ethereum scammers on Twitter.

The scam works like this - Elon Musk makes a real tweet, then immediately following it, a profile designed to look exactly like his will respond with something like "By the way, i'm doing a giveway for our fans..."  this usually then involves some gimmick like "Send 0.5 ETH, and get 3 back!".

The bots are aggressive, and manage to usually be the first reply to a targets tweets, causing Musk to comment:

"I want to know who is running the Etherium scambots! Mad skillz …"

Which then got Ethereum's creator Vitalik Buterin to respond, sadly saying:

“I do wish @elonmusk's first tweet about ethereum was about the tech rather than the twitter scambots........”

The scammers do seem to have dozens if not hundreds of impostor accounts pushing their scams.  Even Global Crypto Press has been hit by them - so far we've reported two accounts impersonating our organization (The only real one is @GlobalCryptoDev) - to Twitter's credit both were removed within 24 hours.

Author: Mark Pippen
London News Desk

Ethereum creator Vitalik Buterin featured on HBO's VICE...

Michael Moynihan travels to Russia with Vitalik Buterin, inventor of the Ethereum blockchain, to get a front row seat to the geopolitical tug of war over Internet 3.0.

Bitcoin’s emergence as a global digital currency has been as revolutionary as it has been erratic. But while fledgling investors obsess over every fluctuation in the cryptocurrency market, nation states are more interested in the underlying blockchain technology and its ability to revolutionize how business is done on the internet and beyond.

Ethereum Foundation offering millions in grants to help solve scaling issues...

The Ethereum Foundation is a non-profit group that helps oversee, and develop the future of Ethereum.

In a blog post by Ethereum founder Vitalik Buterin, he stated why he's trying to help fuel innovation, stating:

"With the Ethereum blockchain reaching 1 million transactions per day, and both Ethereum and other blockchain projects frequently reaching their full transaction capacity, the need for scaling progress is becoming more and more clear and urgent."

So through a series of grants from $50,000 and up to $1 million - The Ethereum Foundation is trying to help bring solutions to these scaling issues, fast.

They invite anyone, any company, any development team, or even university to apply if they feel they can contribute.

You can get full details here.

Author: Oliver Redding
Seattle News Desk

Ethereum creator Vitalik Buterin calls Bitconnect a ponzi scheme...

File this article under "stating the obvious" but unfortunately, BitConnect's user base somehow keeps growing.

Ethereum's creator Vitalik Buterin responded to a tweet today from a Twitter user goes by the name "Ponzi crypto coins" who appearently prides himself in calling out scam coins, tweeted at him:

After telling Vitalik Bitconnect's promises of 1% daily returns, Vatalik stated (the obvious) - it's a ponzi scheme (AKA pyramid scheme).
The collapse is coming, eventually.

Author: Oliver Redding
Seattle News Desk

Ethereum creator Vitalik Buterin's bold idea: let people change their mind on ICO's and get their money back.

Ethereum creator Vitalik Buterin along with Jason Teutsch, creator of TrueBit published a whitepaper outlining a concept they're calling "interactive coin offerings".

It's purpose is to address the most complex issue in the world of cryptocurrency: price evaluations of a new coin.

This comes towards the end of a year when countless ICO's with completely worthless tokens sucked in millions of dollars with expensive marketing campaigns hyping up their new coin, simply to collapse weeks later.

The solution they propose comes in two parts.

First - no limits can be set on the amount of money an ICO raises. While at first that doesn't sound like a way to clamp down on someone using an ICO as a money-grab, it addresses a problem with human nature.  FOMA - fear of missing out.  One of the methods ICO's use to get lots of money fast is making people feel like their new coin is going to be huge, but once they've raised $50 million - the sale is going to be over - so you better act fast!

This concept addresses another issue as well, "Whales" (large investors) buying up a huge portion of the limited supply.

Second - the boldest idea - allowing people to pull out of an ICO and get their money back. “Potential buyers may enter and exit the crowd sale based on behaviors of other buyers, and in doing so tend the valuation towards a market equilibrium.”

This second step would require the first step to be implemented, as this would mean each ICO would have a date range to buy in, or pull out, instead of a market cap.  It's during this period people can buy in, or change their mind.

Obviously, once the new currency goes live you could no longer pull out.  This would not be a way to ditch a coin that's failing and get your original investment back.

You can read Buterin and Teutsch's full whitepaper here.

Author: Ross Davis
San Francisco News Desk

Ethereum creator Vitalik Buterin walks back TechCrunch misquote of "replacing Visa in a couple of years"...

Tech Crunch may have gone a bit too far in their excitement for Ethereum.  Following an interview with its creator Vitalik Buterin, Tech Crunch launched tweets and articles that caught some eyes.

The claim was: Vitalik made the bold prediction of Ethereum not just becoming a foe for Visa, but completely overthrowing it, or in their words, it would "replace visa".

Vitalik took to twitter, noticeably frustrated to clarify:

Tech Crunch has now issued a correction.


Author: Ross Davis
San Francisco News Desk