Cryptocurrencies

“All Scams” Bitcoin Maximalist Adam Back slams the crypto industry – Cryptocurrencies

Some people always laugh, others have the angry tweet: The settling of scores takes place in sour, scathing tweets in the cryptosphere. Adam Back has apparently been holding himself back for quite a while, considering all he’s regurgitated and the weighty enemies he’s put on his back, in just a few characters.


Bitcoin: the One & only

He was one of the first developers of Bitcoin (BTC), would he have wanted the baby of Satoshi Nakamoto or only child of the cryptosphere?

The words ofAdam back attracted – and that is an understatement – the attention of the most influential members of the cryptosphere on Twitter.

Computer engineer and CEO of Blockstream, the highly respected Black It was not deadlocked in labeling altcoins a scams.

To use his own words, ” Bitconnect, Charles Ponzi, Ethereum, Onecoin, Cardano, Ripple, Bernie Madoff, Stellar, Dan Larimer. It all seems very similar to me โ€.

Adam Back Ethereum Cardano Ripple Stellar scam

Source : Image via Twitter

From reading his tweet, followers deduced that Black places the most important cryptocurrencies on the market after Bitcoin, in the same basket as Charles Ponzi and Bernie Madoff, those “greats” who have gone down in the annals of financial history for their scam prowess.

Its list also includes 2 well-known crypto scams, Bitconnect and Onecoin : the latter would have cost investors nearly $ 4 billion. Black believes that these projects are not based on values โ€‹โ€‹of meritocracy, hard work and ethics: for him, most of the participants in these projects think they are computer geniuses.

CZ the wise: always the word to calm!

The reactions were not long in coming. Vitalik Buterin did not wait long to indulge in a scathing tweet while replying that the time of the maximalists Bitcoin was over with the development ofEthereum (ETH), the arrival of Proof-of-Stake, sharding and rollups.

The founder ofIOHK, Dan Larimer, said he was deeply disappointed to be placed in the same basket as Ponzi and Madoff.

The founder ofEOS, Dan Larimer, stated that Black had just lost all his respect by being so unreasonable.

The final word goes to Changpeng Zhao, Binance CEO, who commented that in a decentralized ecosystem, it is inevitable to end up with divergent opinions.

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If Adam Back had a time machine, would he take back what he said, or would he play the “I bold, font: 100 and, double confirm” card instead? Did Back play a symphony that will be fatal to him in the future?

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