IOTA and Ethereum debate on whose blockchain is better
If social media was not as developed as it is right now, the members of Ethereum and IOTA would be arguing through newspapers and TV ads, like the corporations of old. The whole debate started when IOTA, the company the blockchain platform of which is based on the Tangle technology that uses the atypical balanced ternary system, has declared that their platform is no worse than any traditional blockchain and sometimes — even better, and told about its partnership with Microsoft Bosch, Fujitsu, Samsung and some other corporations.
People from the Ethereum development community and their fans hugely criticized both statements. According to them, the technological knowledge level of IOTA is actually really low, and they don’t even consider good cryptographic solutions. Ngoc Ha, a cryptocurrency enthusiast, started a discussion by addressing one of the IOTA team members, who ironically said he is going to tell all this to Bill Gates next time he meets him. In response to this, he received a “pro tip” that the quote on partnership with Microsoft he posted as an argument actually belongs not to Bill Gates. The IOTA member reacted quite nervously: “So what are you trying to say? People who work for Samsung, Huawei, Bosch, Microsoft, Fujitsu, Cisco are incompetent? Here is a protrip for you.. don't be a smartass!”
Maybe Bitnewstoday wouldn’t even write about all this if it wasn’t for the creator of the second most expensive cryptocurrency in the world who joined the debate. Vitalik Buterin defended the IOTA skeptic and wrote a calm response: “Yes, there exist incompetent people working for all of those big companies, as well as major world governments. I have talked to them.”
While the whole debate looks a bit premature, it demonstrates a few interesting cryptocurrency community and market peculiarities: firstly, some members of the community have obsession with the theme which makes their statements too radical, and this really reminds of that SegWit2x controversy. And secondly, the fight of crypto developers for large traditional investors’ attention is becoming more fierce.