MicroStrategy accuses Ethereum of being immoral, and V God responds by calling it a "jumping clown"
This past weekend, Michael Saylor, the founder of MicroStrategy, the listed company with the most Bitcoin holdings, once again intensified the conflict between Bitcoin fundamentalists and the Ethereum community, and the two sides started a war of words on social media.
Michael Saylor is a guest on SundayPodcast episodes (click to jump)The foundation of U.S. securities law is the Ten Commandments, a set of biblical principles related to morality and worship, Shi said. “The basis of securities law is that you must not lie, cheat or steal. That is the basis of the law. Ethereum is immoral.”
Michael Saylor also said, "All legal talents work in the Bitcoin ecosystem. If you are honest, ethical, and capable, you will build on the Lightning Network." In addition, he also believes that in addition to Bitcoin, All other altcoins are securities.
This is not the first time Michael Saylor has taken aim at Ethereum. In early July, he said that ETH is a security because it is issued through an ICO, has a management team, has a pre-mining, has a hard fork, has continuous hard forks, and has a constant push post difficulty bomb, and its network has undergone many fundamental changes over the years. “BTC is a commodity. Because the core of the Bitcoin network cannot be changed, just like the physical makeup of gold.”
When participating in Blockchain Economy last week, Michael Saylor commented on Ethereum again, saying that it will not complete the ETH2.0 upgrade in 36 months, there are technical loopholes, and he used "moral theory" to attack Ethereum. "'Ethical' means I need to know that no one can change the 'agreement', including Vitalik. I need to know that no organization, no individual under the ethereum foundation can change the protocol; if they can change the protocol, it makes it a security; if it makes it a security, it doesn't become a global currency . "
A series of attacks by Michael Saylor caused dissatisfaction in the Ethereum community.Ethereum founder V GodTweeted that Michael Saylor was a "jumping clown" in person, "Why do maximalists always choose as heroes those who turn out to be completely clowns?"
In addition, regarding "moral" issues, the Ethereum community revealed that Michael Saylor was accused by the US SEC of "securities fraud" in 2000. Afterwards, Saylor settled with the regulator and paid a fine without admitting or denying the charges. "It's absurd for someone who is morally corrupt to accuse other people of being morally deficient."
"Apparently @saylor is still completely ignorant of how community and network consensus works in the ethereum network. If he did, he wouldn't be talking this kind of trash." Community member@AdrianoFeriaMessage said.
The debate intensified and sparked a war of words between Bitcoin maximalists and members of the Ethereum community. Regarding the transfer of GAS, development prospects, price trends and other issues, the two sides quarreled on social media:
“Imagine if Michael Saylor had a debate with Vitalik, Vitalik would definitely be pissing his pants 10 seconds into the debate. The number of idiots in the crypto space is absolutely incalculable.”
"On the contrary, Michael Saylor should be the first to pee his pants."
“Only Bitcoin can safely and securely transfer $200,000 on a Sunday with a fee of $0.04 (Ethereum is too expensive).”
“Did you realize that these low fees are a result of Bitcoin’s low block space requirements?”
“Ethereum’s demise will accelerate with PoS, long-term demise. After the 2017 hype cycle, the ETH/BTC ratio has not returned to the top (up to 0.15), and the correlation has not been elevated so far.”
"Obviously you're only saying this because you feel threatened by Ethereum. But don't worry, ETH and BTC can coexist! BTC will no longer be the market leader. You should be happy about that because you will no longer be in control Bound by a 4-year halving cycle catastrophe."
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It is worth noting that V God is not the only one who doesn't like Michael Saylor's evaluation. Cardano founder Charles Hoskinson and Ripple legal counsel John E Deaton are both dissatisfied with it.
According to Charles Hoskinson, Bitcoin maximalists are "the most difficult, toxic and useless people to live with". Previously, Michael Saylor also claimed that ADA is a security.
Deaton argues that Michael Saylor's definition of a security is fundamentally flawed, and his morality is absurd. “The problem with his analysis is that he equates every potential developer with a platform founder. It’s understandable if he wants to criticize altcoin founders for not being able to compare to Bitcoin, but now we’re talking about Technical issues, not every developer distributes premined tokens. If a developer builds an app on a platform that has never met or even been connected to the founders, foundation, or people associated with the creation of the token We’ve talked, so what should we do? Can you really say they’re immoral?” (Note: The SEC has sued Ripple for violating securities laws, and the lawsuit is ongoing.)
On the surface, Michael Saylor seems to be crazy and feuding everywhere. He seems to be the brainless self-promotion of a bitcoin extremist, but behind it is all business. After all, MicroStrategy is ALL IN Bitcoin. It is in the best interests of Bitcoin to make Bitcoin bigger and accepted by more people. However, Ethereum has a tendency to surpass Bitcoin in terms of technology and community consensus. MicroStrategy naturally wants to Suppress. From this point of view, Michael Saylor is not a pure encryption evangelist, but a stubborn Bitcoin "Hodler".
