Adam Back went further to categorize Ethereum (ETH), Cardano (ADA), Ripple, Stellar with Bitconnect, and Onecoin. He pointed out: Occam’s razor, somebody who’s in their 40s to 50s who could have created Bitcoin in 2008, English education, grammar, computer science background as his reasons. Computer scientist Adam Back caused a stir on Twitter midweek after likening Ethereum to a Ponzi scheme. Cardano Price Prediction 2025. Medalla, the final public testnet of Ethereum 2.0 was officially launched, Italy-Based Pasta Producer Adopts VeChain’s My Care to Manage Infection Risk, Ripple Partner IBS Incorporates RippleNet Adapter Into SWISSRoute Payment Platform, David Schwartz: I Hold More Than 1,000,000 XRP and Less Than 10,000,000 XRP, Data Shows Growing Interest In Buying Bitcoin (BTC), Grayscale Files New Trusts for Cardano (ADA), Monero (XMR), Polkadot (DOT), and Two Others, Crypto Michael Says XLM Could Soon Surge 250%, LTC 250%, XRP 160%, XTZ 300%, VET on the Cusp of Joining the Top 10 Cryptos; VeChain Mentioned in the 2021 Forbes Blockchain 50, Here is Why Ethereum (ETH) Nodes Got Stuck after Berlin Hard Fork Implementation, Charles Hoskinson: Once Ethereum Users Wake Up, They Will Flock to Cardano for Lower Fees, What Charles Hoskinson Said When Asked If Cardano (ADA) Is Sold As Ripple Sells XRP to Finance Operations. PoS is working soooo much better than PoW. Cardano founder Charles Hoskinson revealed In a surprise Ask Me Anything (AMA) session on YouTube, shared that he believes that the pseudonymous Satoshi Nakamoto is probably Adam Back. Cardano Price Prediction 2020. This is in reference to a ranking created by Adam Back, CEO of Bitcoin (BTC) development firm BlockStream. The founder of Cardano, Charles Hoskinson, has announced his own staking pool for the Cardano cryptocurrency. Cardano founder Charles Hoskinson has added "King of the Rats" to his Twitter bio after Blockstream's Adam Back complimented him for understanding Bitcoin better than "Faketoshi" Craig Wright and Ethereim founder Vitalik Buterin.. Cardano News Today – Cardano is a Shitcoin and Hoskinson is Better Than Others. Best DeFi & NFT investment opportunity, TimeCoin(TMCN) , Special Sales! Blockstream CEO Adam Back, who was quoted in the Bitcoin white paper, has once again lashed out at Ethereum, claiming that it’s a "scam" because 70 percent of ETH was pre-mined. Adam Back na Twitteru uvedl, že Ethereum a jiné vysoce kapitalizované altcoiny mají několik podobných prvků s Ponziho schématem: ,,Bitconnect, Charles Ponzi, Ethereum, Onecoin, Cardano, Ripple, Bernie Madoff, Stellar, Dan Larmer. Bitcoin maximalist Adam Back again attacked Cardano inventor Charles Hoskinson and called ADA a shitcoin. The long conversation was started on Twitter by a popular cryptocurrency journalist, Layah Heilpern. Vitalik Buterin tweeted, “Reciting tired old propaganda is becoming less and less effective every day. Regardless of whether Back’s statements may be true, or not, it is at least curious that within a discussion about Cardano he brings up other people in a totally irrelevant way with respect to the discussion, only to make accusations of incompetence. He tweeted, “Bitconnect, Charles Ponzi, ethereum, onecoin, Cardano, ripple, Bernie Madoff, stellar, Dan Larmer. Well 70% pre-mined says it all. Bitcoin bulls have long been looking towards its stock-to-flow model as an accurate pricing model that forecasts that the crypto will see a tremendous near-term upside, with the model suggesting that a movement towards $100,000 could be looming on the horizon. Adam Back recently took to Twitter with controversial comments on many of the industry’s largest crypto projects — including Ethereum (ETH), Cardano (ADA), Ripple (XRP), and Stellar (XML). Enter your email address and name below to be the first to know. Vladislav Sopov Old semi-ironic ranking by Adam Back inspired the name of ADA staking pool operated by Cardano (ADA) inventor Charles Hoskinson Contents \'King of Rats\' enters ADA stakingScams are on fire while major milestones are in sight Charles Hosinson, CEO and founder of Input Output HK software development firm, has introduced his own ADA staking pool. The tides of history will not be favorable to maximalism.”, Reciting tired old propaganda is becoming less and less effective every day. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. ... evident that Back’s distaste for ICO projects has not died out when we noted that one of the projects he slammed — Cardano , prides itself on a scientific approach to development. Back, the well-known creator of Hashcash which is credited as a reference in the Bitcoin whitepaper, made the comments in a thread which also cast aspersions on Ripple, Cardano and Stellar. Here is Why Ethereum (ETH) Nodes Got Stuck after Berlin Hard... United States Postal Service (USPS) Files Patent for a Blockchain-Based Voting... Impact of Ripple and XRP in Cross-Border Payment Receives Special Recognition, Weiss Ratings: Everyone, Including XRP, Wants To Connect To Ethereum (ETH). This time it all starts from a CardanoBot tweet, to which Back answered saying that Proof-of-Work (PoW) is superior to Proof-of-Stake (PoS), and that PoS has already been broken several times in a short time. Layah Heilpern pushed Back further by asking him if he thinks Ethereum is a scam or adding value to the crypto ecosystem through DApps that are built on its network. The well-known Bitcoin maximalist, as well as co-founder and CEO of Blockstream, has already started posting disconcerting messages on Twitter a few weeks ago, comparing Ethereum, EOS and Ripple to scams like OneCoin and BitConnect.. Then he called Sun “a better marketer” than Buterin, although not able to understand the technology. Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. Medalla, the final public testnet of Ethereum 2.0 was officially launched about 2 days ago, indicating that Phase 0 of ETH 2.0 may go live as early as November 2020. Adam Back compared Ethereum and Cardano to pyramid schemes. All looking very similar grade to me.”. He then reiterated the rising and acceptance of Ethereum, Proof-of-Stake (PoS), and sharding. SIAE: "We chose Algorand as our blockchain”, Cardano SPO Column: ADA SN₳KE POOL (SNAKE), Turkey to ban bitcoin as a means of payment, The Canton of Ticino will accept payments in bitcoin, Taxation aspects of Non Fungible Tokens (NFTs) on art, Hester Pierce (SEC): NFTs are not investment products, Story of a hack on Instagram and ransom in bitcoin, One million dollars in bitcoin stolen with fake Trezor app, HODLversity in Playa del Carmen, the New Crypto Hub in Mexico, Giovanni Motta: the Italian artist (also with NFTs) exhibits in Shanghai, Blockchain Fest 2021 Delivers Ambitious Setting for Modern Fintech Networking and Trade, Federico Clapis on The Nemesis to talk about NFTs, Daniel Larimer: "Blockone will never be able to promote technology that frees people", Bitcoin Is Sky-high. Ethereum is rising, proof of stake and sharding are rising, and rollups are here, all through a large distributed ecosystem working in parallel. Moreover, Ethereum is still based on that PoW that Back prefers, compared to the PoS on which Cardano is based. Want to be notified when our article is published? Adam Back: Bitcoin is Enough, Satoshi Should Stay Out. More than 90% Off, China will use the digital currency at the Olympic Games, LiquidApps for interoperability between EOS and Ethereum. Adam Back’s rant on Twitter called out a lot of big names in the game, as he tweeted: After these new comments, Back has tweeted about the alleged superiority of PoW on PoS, while neither Vitalik Buterin, nor Justin Sun, nor Charles Hoskinson, have rightly intervened in the previous discussion in which they were accused of incompetence. At press time, it is up and running for four Cardano (ADA) epochs. On the other hand, Ethereum is also moving towards its much-anticipated upgrade from Proof-of-Work (PoW) to Proof-of-Stake (PoS) protocol. Adam Back, Blockstream CEO and well-known computer scientist in the crypto community, went on a rant on Twitter dissing several high profile blockchains, including the second-largest crypto project, Ethereum. The well-known Bitcoin maximalist, as well as co-founder and CEO of Blockstream, has already started posting disconcerting messages on Twitter a few weeks ago, comparing Ethereum, EOS and Ripple to scams like OneCoin and BitConnect. Charles Hoskinson Calls Himself the King of Rats During Conversation With Adam Back Cardano ADA Gets The Green Light but Remains Relative Bearish Mid-term; Adam Back then weighed in by referencing Charles Hoskinson’s effort in creating what he termed as a Ponzi. In an interview for CoinMarketCap’s Crypto Titans series, Hoskinson said that he got involved in cryptocurrencies back in 2011 — and dabbled in mining and trading. Although Ethereum has existed for more time, it is not at all certain that Cardano is still able to obtain comparable results. Immersion imagery - Shutterstock. Currently, Charles Hoskinson has “King of the Rats” on his Twitter bio, which is an indication of an outright acceptance of Adam Back’s ranking. Buterin said the efforts of Bitcoin maximalists in demining new innovation is becoming effective on a daily basis. @ CardanoBot ) August 6, 2020 not like someone else for preferring a different coin very first Satoshi. Becoming effective on a daily basis $ 5 by 2024 is likely successful... Much-Anticipated upgrade from Proof-of-Work ( PoW ) to Proof-of-Stake ( PoS ) protocol Web goes far. History will not be favorable to maximalism. ”, Imagine not liking Ponzi! 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