Bitcoin developer Tuur Demeester recently took to Twitter to once again express his concerns regarding Ethereum and the project’s future.
Ethereum is still the second-largest cryptocurrency, with the current price of $184.32 and a market cap of nearly $20 billion, at the time of writing. The coin also has a daily trading volume of $8.90 billion, which makes it the third most-traded cryptocurrency around the world.
However, while Ethereum remains the largest blockchain-based development platform, not everyone agrees that it is as deserving of its position as it may seem. Bitcoin developer Tuur Demeester, recently posted about the project on Twitter, expressing his concerns about ETH.
According to Demeester, Ethereum’s culture is ‘antithetical to the cypherpunk ethos.’ As such, it can only lead the project to greater centralization and make it dysfunctional, as Demeester argues.
Imo Ethereum’s culture is antithetical to the cypherpunk ethos, and as a result the project will become ever more centralized and dysfunctional over time. Four quotes to illustrate: pic.twitter.com/tRe1xXSHyF
— Tuur Demeester (@TuurDemeester) November 3, 2019
Is Ethereum becoming more centralized?
In order to prove his point, Demeester posted four tweets, one of which was originally published by the developer Vlad Zamfir, while the other three were posted by Ethereum’s co-founder, Vitalik Buterin.
Vlad Zamfir’s tweet states that trust reduction is not a cypherpunk value, but an authoritarian attempt to shut down blockchain governance. One of Buterin’s tweets indicates states that,
The idea of average users personally validating the entire history of the system is a weird mountain man fantasy.
Not The First Time Demeester Has Spoken Out
These, and other thoughts expressed by Ethereum developers,