A clip of a recent interview of Michael Saylor talking about Ethereum gained traction on Twitter over the weekend.
In the clip Saylor states that Ethereum, according to him, is a security that was advertised as a decentralized cryptocurrency. He believes that a small group of developers is in control of the protocol, and are making changes to Ethereum too frequently.
Here is one of the tweets that got a lot of traction in the bitcoin community:
Ethereum is meant to shift from proof-of-work to proof-of-stake later this year.
In the interview on the Not Investment Advice podcast, Saylor states:
“So I think the real issue with ETH is, a decade after they finish changing it and screw with it, you can have an opinion on it, but it doesn’t look to me like they’ll stop hardforking it for the next 3 years.”
Later on he added, “You can’t keep changing the protocol”.
The bitcoin protocol, at least the core design, hasn’t changed much since it’s inception. Satoshi said in 2010: “The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime.”
While there have been softforks and some hardforks, the blocksize war showed that it’s not as easy to “change bitcoin” as people think, even if you have a lot of money and influence.
Buterin responded to Saylor’s remarks on Twitter by stating the following:
Saylor had recently made a remark about Cardano being a security, which resulted in a similar response by Charles Hoskins saying “I think Mike’s head is all f*cked up and screwed up”.
Michael Saylor has been vocal about his opinion of bitcoin and crypto, and has drawn a clear distinction between the two. Saylor, who is mostly celebrated in the bitcoin space, frequently appears on non-bitcoin podcasts and openly shares his views.
