• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Binance Smart Chain

    Binance Smart Chain unique addresses hit 47.3M ATH

    MoneyGram

    MoneyGram dragged to court for libel against Ripple

    Giganomics to Tokenomics – The ILCOIN Outlook on Earning Opportunities With WILC 1

    Giganomics to Tokenomics – The ILCOIN Outlook on Earning Opportunities With WILC

    Bitcoin

    Bitcoin worth $4.5 billion transferred in historic event

    MicroStrategy  partners with MIT to strengthen Bitcoin  network 2

    MicroStrategy partners with MIT to strengthen Bitcoin network

    Bitcoin

    Bitcoin remains bearish despite breaking $48,000 mark

    Weekly Crypto Price Analysis 01-03: BTC, ETH, DOT, UNI, SUSHI

    Weekly Crypto Price Analysis: BTC, ETH, DOT, UNI, SUSHI – 1st Mar

    MicroStrategy

    MicroStrategy buys more Bitcoin yet again

    DOGE price prediction

    DOGE Price Prediction: Dogecoin on the brink of a 50 percent price depreciation

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Binance Smart Chain

    Binance Smart Chain unique addresses hit 47.3M ATH

    MoneyGram

    MoneyGram dragged to court for libel against Ripple

    Giganomics to Tokenomics – The ILCOIN Outlook on Earning Opportunities With WILC 3

    Giganomics to Tokenomics – The ILCOIN Outlook on Earning Opportunities With WILC

    Bitcoin

    Bitcoin worth $4.5 billion transferred in historic event

    MicroStrategy  partners with MIT to strengthen Bitcoin  network 4

    MicroStrategy partners with MIT to strengthen Bitcoin network

    Bitcoin

    Bitcoin remains bearish despite breaking $48,000 mark

    Weekly Crypto Price Analysis 01-03: BTC, ETH, DOT, UNI, SUSHI

    Weekly Crypto Price Analysis: BTC, ETH, DOT, UNI, SUSHI – 1st Mar

    MicroStrategy

    MicroStrategy buys more Bitcoin yet again

    DOGE price prediction

    DOGE Price Prediction: Dogecoin on the brink of a 50 percent price depreciation

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Exchange News

Will ETH Really Collapse? Ethereum Co-Founder Buterin Don’t Think So

Marko Tee by Marko Tee
September 5, 2018
in Exchange News
2 min read
domino 163522 1280

domino 163522 1280

585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

On September 3rd, Jeremy Rubin, co-founder of MIT Digital Currency Initiative and Stellar’s technical advisor, predicted that Ethereum’s collapse is inevitable. In the article published on TechCrunch, Rubin said that because of Ethereum’s failure to “adopt more secure contract authoring practice”, failing to scale or “out-compete” its competitors, a price collapse could follow.

However, as a platform, Ethereum would still succeed in the end despite its currency ETH losing its worth.

Rubin’s report explained the mechanics of ETH’s downfall as he cited the original value proposition.  In Ethereum’s proposition, the platform runs on smart contract applications which are decentralized by nature and works perfectly as programmed.  The apps run on a customized blockchain which can transfer value and represents ownership of the asset.

RelatedPosts

Decentralized exchange trading lacks infrastructure despite rapid growth

Binance launches support for ADA upgrade

Coinbase pre-IPO shares appreciate following S-1 filing with the SEC

US exchange, Coinbase files with SEC to go public through direct listing

Rubin, however, noted that as every ERC-20 tokens are produced on the Ethereum network, paying for ETH fees can create risks, third-party dependency and pressure on the currency’s price downwards.

Vitalik Buterin does not seem to share the same view with Rubin. In one of the Reddit’s thread, Buterin wrote that : “In Ethereum as it presently exists, this is absolutely true, and in fact if Ethereum were not to change, all parts of the author’s argument (except the part about proof of stake, which would not even apply to Ethereum as it is today) would be correct.”

However, the co-founder of Ethereum noted that : “ the community is strongly considering two proposals, both of which have the property that they enshrine the need to pay ETH at protocol level, and furthermore the ETH gets burned, so there’s no way to de-facto take it out of the loop by making the medium-of-exchange loop go faster.”

On the “economic abstraction” mentioned, he wrote that: “we are likely not doing full economic abstraction”.

Marko Tee

Marko Tee

Contributor and news writer for Cryptolitan.com. Marko has 4+ years of experience as a journalist and covered cryptocurrency and blockchain technology. He has years of experience writing about tech news and innovation.

Related Posts

decentralized exchange trading
Exchange News

Decentralized exchange trading lacks infrastructure despite rapid growth

February 28, 2021
Binance
Exchange News

Binance launches support for ADA upgrade

February 27, 2021
Coinbase
Exchange News

Coinbase pre-IPO shares appreciate following S-1 filing with the SEC

February 25, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

Binance Smart Chain

Binance Smart Chain unique addresses hit 47.3M ATH

March 2, 2021
MoneyGram

MoneyGram dragged to court for libel against Ripple

March 2, 2021
Giganomics to Tokenomics – The ILCOIN Outlook on Earning Opportunities With WILC 5

Giganomics to Tokenomics – The ILCOIN Outlook on Earning Opportunities With WILC

March 2, 2021
LetsExchange Launches Crypto Exchange Platform, Caters to Novices and Expert Traders Alike 6

LetsExchange Launches Crypto Exchange Platform, Caters to Novices and Expert Traders Alike

March 2, 2021
Bitcoin

Bitcoin worth $4.5 billion transferred in historic event

March 1, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 7

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.