In the wake of a $55 million dollar compromise of the DAO, a distributed fund created to fund Ethereum projects, a desperate debate regarding how to rectify the issue came to fruition. The issue at hand was Ethereum’s future change to a proof of stake…
In the wake of a $55 million dollar compromise of the DAO, a distributed fund created to fund Ethereum projects, a desperate debate regarding how to rectify the issue came to fruition. The issue at hand was Ethereum’s future change to a proof of stake protocol, whereby the hacker – should he have kept his bounty – would inherit considerable influence for Ethereum. In order to avoid this, the Ethereum team adopted the hard fork policy.
All reports from Ethereum posits the hard fork a success. There has been criticism, as many people fear that a blockchain via democratic measures is no blockchain at all. Hacking Distributed penned an article concerning itself over a lack of best principles in some of the hard fork code.
Here’s what some of cryptocurrencies most prominent voices feel about the hardfork:
Anthony Di Lorio is the founder of Ethereum, Decentral. He launched the second ATM in the world and first Bitaccess machine. He first invested in Bitcoin in 2012. He founded Ethereum with Vitalik and others. He opened the decentralized tech hub “Decentral” in 2014. He’s organized more than 100 Bitcoin/Ethereum/Decentralized tech events since 2012. Decentral works with banks, stock exchanges and other enterprise providing guidance on blockchain technology.
An American/Panamanian Bitcoin entrepreneur, Erik Voorhees has worked for many Bitcoin startups, including BitInstant, of which he was part owner. He also purchased the gambling website Satoshi Dice to resell it to an undisclosed buyer. The U.S. Securities and Exchange Commission fined him for an unregistered stock offering related to SatoshiDice.
Voorhees founded the revolutionary cryptocurrency exchange ShapeShift.io.
Brian Armstrong, the CEO and co-founder of Coinbase, a bitcoin wallet and exchange company headquartered in San Francisco California, has been vocal about technical developments in the crypto-currency space including not only Bitcoin’s block size debate, but, as well, Ethereum’s recent hard fork. He received a Masters in Computer Science from Rice University in Houston Texas.
His startup Coinbase exchanges Bitcoin and Ethereum, and operates in 32 countries with bitcoin transactions and storage in 190 countries.
Armstrong’s company, Coinbase, congratulated the Ethereum industry:
Jeff Garzik, an early Bitcoin core developer, is one of the most influential thinkers in the cryptocurrency space. He started his company Bloc to develop blockchains as a service and consult clients on blockchain technology, including Bitcoin. He’s been coding since he was 8 and discovered bitcoin in July 2010. He quite a 10+ year job at Red Hat to work at BitPay in June 2013.
A developer on Ethereum, and former curator, Alex Van de Sande commented:
Tuur Demeester has been an alternative economic philosopher for many years, making his name known in precious metals spaces, then later Bitcoin spaces. His macroeconomic views, shared in his newsletter Adamant Research, are some of the most influential in the space:
He also shared a link from Forbes, wherein the author states, “Ethereum central bank has directly recapitalized the DAO commercial bank by monetizing its debts”
Jonas Schneli, Bitcoin core developer, and co-founder of Digitalbitbox.com shared his opinion on the Ethereum hard fork:
And, finally, an indicator of recent Ethereum Classic trading volumes.
Featured image from Shutterstock.
Last modified: January 25, 2020 11:50 PM UTC