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Bitcoin And Ethereum Communities Clash Over Whether Ether Is An Asset
Summary: Members from the two leading crypto camps, Bitcoin and Ethereum, opened up old tensions with a debate over whether or not Ether is an asset. The clash began when CEO of ShapeShift.com Erik Voorhees tweeted out in celebration of Ethereum reaching $1,000 and wrote "Reminds me of early 2017 when Bitcoin retook it's prior bubble ...
Members from the two leading crypto camps, Bitcoin and Ethereum, opened up old tensions with a debate over whether or not Ether is an asset.
The clash began when CEO of ShapeShift.com Erik Voorhees tweeted out in celebration of Ethereum reaching $1,000 and wrote "Reminds me of early 2017 when Bitcoin retook it's prior bubble high over $1,000. The rhyme of two beautiful ascending assets."
CEO and Co-founder of Blockstream Adam Back responded to the tweet writing "Fact check: One asset. One altcoin." Back's reply sparked a debate between Bitcoin maximalists and Etheruem supporters.
While Voorhees acknowledged Bitcoin is the best money, but that money is a necessary but not sufficient condition for decentralized finance and a drastic reduction of the State. In other words, the DeFi community will need more than Bitcoin to cut middle men out of financial equations. Back ended the clash hotly writing "We understand it all fine, thanks. I expect you do too. But we dont have skin in the shitcoin waterfall gig."
By Emily Mason
Tags: Bitcoin,BTC,ETH,Ethereum
Link: Bitcoin And Ethereum Communities Clash Over Whether Ether Is An Asset [Copy]
