{"id":9663,"date":"2022-09-29T08:31:38","date_gmt":"2022-09-29T08:31:38","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/09\/29\/satoshi-fund-ceo-has-dire-warning-for-ethereum-claims-vitalik-failed\/"},"modified":"2022-09-29T08:31:38","modified_gmt":"2022-09-29T08:31:38","slug":"satoshi-fund-ceo-has-dire-warning-for-ethereum-claims-vitalik-failed","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/09\/29\/satoshi-fund-ceo-has-dire-warning-for-ethereum-claims-vitalik-failed\/","title":{"rendered":"Satoshi Fund CEO Has Dire Warning For Ethereum, Claims Vitalik Failed"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>\n<iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/satoshi-fund-ceo-has-dire-warning-for-ethereum-claims-vitalik-failed\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p><span style=\"font-weight: 400\">The struggle of narrative between Ethereum and Bitcoin is nothing new. However, Dennis Porter, the CEO of Satoshi Act Fund, has a chilling warning for the Ethereum neighborhood. Porter believes that that is Ethereum\u2019s final cycle because the second largest cryptocurrency.<\/span><\/p>\n<div class=\"quads-location quads-ad90952 \" id=\"quads-ad90952\" style=\"float:none;margin:0px 0 0px 0;text-align:center;padding:0px 0 0px 0;\">\n<a href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=180936;size=647x80;setID=509734\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"647\" height=\"80\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=647x80;setID=509734;type=img;click=CLICK_MACRO_PLACEHOLDER\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=647x80;setID=509734;type=img;click=CLICK_MACRO_PLACEHOLDER\" width=\"647\" height=\"80\"\/><\/noscript><\/a>\n<\/div>\n<p><span style=\"font-weight: 400\">Porter is an advocate for the Bitcoin ecosystem and the Proof-of-work consensus mechanism. He can be an important contributor to Bitcoin coverage advocacy.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Porter claims that Vitalik Buterin had years to show <a href=\"https:\/\/twitter.com\/Dennis_Porter_\/status\/1575320839087849472\" target=\"_blank\" rel=\"noopener\">Ethereum\u2019s usability<\/a>. However, the Ethereum founder failed to supply any affordable worth for Ethereum. He believes that a number of blockchains can contribute equally to Ethereum. On the opposite hand, Bitcoin doesn&#8217;t have any competitor as a retailer of worth.\u00a0<\/span><\/p>\n<h2><b>Bitcoin vs. Ethereum<\/b><\/h2>\n<p><span style=\"font-weight: 400\">The long-standing battle between Bitcoin and Ethereum continues to exist. However, after the merge, this battle exacerbated much more. The merge shifted Ethereum\u2019s consensus mechanism from Proof-of-work to Proof-of-stake. Ethereum proponents declare that the <a href=\"https:\/\/coingape.com\/glossary\/proof-of-work-pow\/\" target=\"_blank\" rel=\"noopener\">PoW\u2019s energy consumption<\/a> makes it unsustainable.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Indeed, many activists declare that the Proof-of-work consensus mechanism ought to be banned on account of its vitality consumption.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">On the opposite hand, the Bitcoin neighborhood claims that the <a href=\"https:\/\/coingape.com\/glossary\/proof-of-stake-pos\/\" target=\"_blank\" rel=\"noopener\">Proof-of-stake<\/a> has potential points with centralization. Indeed, after the merge, Lido and Coinbase, the 2 greatest validators, carried out a majority of block validation. Moreover, Bitcoin maximalists declare that Ethereum has a unfavorable reward construction which is able to create points in the long run.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Jack Dorsey, the founder and ex-CEO of Twitter, warned the Bitcoin neighborhood to organize for a <a href=\"https:\/\/coingape.com\/bitcoin-vs-ethereum-twitters-jack-dorsey-ready-for-war\/\" target=\"_blank\" rel=\"noopener\">narrative war<\/a> with Ethereum. Similarly, Solidity developer and Ethereum influencer, @shegen, claims that Ethereum is secured by $20 billion whereas Bitcoin is secured by $700k. She was referring to the price of a community assault on the cryptocurrency.\u00a0<\/span><\/p>\n<h2><b>Will Bitcoin Continue Its Dominance<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Experts feared that Bitcoin will lose its dominance over the market after the Ethereum merge. However, up to now, Bitcoin continues to carry sturdy in opposition to its many rivals. 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He is a agency believer of decentralization and needs to work on the mainstream adoption of Blockchain. He can be large into nearly each common sports activities and likes to converse on all kinds of subjects.\n<\/p>\n<\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/d975e208df56193cc717ebd3d7e2419e?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" src=\"https:\/\/secure.gravatar.com\/avatar\/d975e208df56193cc717ebd3d7e2419e?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/d975e208df56193cc717ebd3d7e2419e?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/d975e208df56193cc717ebd3d7e2419e?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD122980\">\n<p> The introduced content material could embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn&#8217;t maintain any accountability to your private monetary loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/satoshi-fund-ceo-has-dire-warning-for-ethereum-claims-vitalik-failed\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] The struggle of narrative between Ethereum and Bitcoin is nothing new. However, Dennis Porter, the CEO of Satoshi Act Fund, has a chilling warning for the Ethereum neighborhood. Porter believes that that is Ethereum\u2019s final cycle because the second largest cryptocurrency. Porter is an advocate for the Bitcoin ecosystem and the Proof-of-work consensus mechanism. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[3],"tags":[44,822,3290,108,2541,155,2112,220,174],"class_list":["post-9663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-ceo","tag-claims","tag-dire","tag-ethereum","tag-failed","tag-fund","tag-satoshi","tag-vitalik","tag-warning","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/9663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=9663"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/9663\/revisions"}],"predecessor-version":[{"id":9664,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/9663\/revisions\/9664"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/2199"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=9663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=9663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\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