Alt coins,  Ethereum,  Innovators

    Ether’s $0 destiny: Could it really happen?

    One guy argues yes—and Vitalik Buterin kinda-sorta agrees

    A blockchain wonk has gone pundit in a TechCrunch article, predicting that Ethereum’s ETH asset will eventually crash to zero forever. In an unexpected twist, Ethereum co-founder Vitalik Buterin mostly agrees. Jeremy Rubin, the Bitcoin Core contributor who’s lately advising Stellar, launched a public critique of Ethereum and how it operates, calling for the network’s cryptocurrency to ultimately be worthless. He draws a clear distinction between the technology that powers the Ethereum network and the digital asset that represents value moving through it. The kernel of his “ETH to zero” argument revolves around network scalability and security issues that will hold Ethereum back as competitors move ahead. Rubin also invokes…

  • Mike Butcher
    Cryptocurrencies,  Media

    The blockchain’s biggest problem isn’t technology, it’s trust

    The impersonal technology that powers ICOs has a very human problem

    How well do you know what you’re putting money into when you invest in the latest and greatest ICO? Do you know if it’s a legitimate project backed by knowledgeable people? To hear one pundit explain it, trust is the main ingredient that will carry blockchain technology into the mainstream. TechCrunch star correspondent Mike Butcher was keynote speaker at BlockShow, filling an auditorium of crypto-geeks in Berlin to give a presentation titled “Disinformation Will Kill Crypto.” Clad in his notorious leather jacket, Butcher tackled the gigantic topics of trust and money head-on. “Capitalism requires trust to work, and ICOs are a minefield,” Butcher said. He cited a bleak study by…