Ethereum Founder Vitalik Buterin Praises ‘Bitcoin Maximalism’ (Maybe)

And he appears solely honest concerning the meat of his argument. Amidst the massive variety of blockchain concepts, he writes, the Bitcoin neighborhood’s dedication to warning and willingness to defend Bitcoin with actual ferocity are significantly invaluable. As he particulars with examples like Ethereum miners frontrunning users and development-funding tax proposals, the feature-richness of techniques like Ethereum comes with inherent dangers to predictability and sturdiness. In the end, the large threat is that some complicated characteristic will threaten or undermine the decentralization of a system and make it weak to hostile assault. Maximalism can also be a invaluable protection, he argues, as extra money comes into the house, incentivizing short-term returns based mostly on “improvements” that may undermine cryptocurrency’s core premise.

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