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Ethereum’s Vitalik Buterin Calls MicroStrategy’s Michael Saylor A Total Clown As Bitcoin Maximalists.
Vitalik Buterin bashes Michael Saylor in the latest tussle between Bitcoin maximalists and altcoin creators.
Vitalik Buterin, in a tweet on Sunday, referred to MicroStrategy chief Michael Saylor as a total clown as a YouTube clip surfaced of Saylor describing every other crypto aside from Bitcoin as security lacking sound ethical fundamentals.
“Why do maximalists keep picking heroes that turn out to be total clowns?” Buterin tweeted.
Why do maximalists keep picking heroes that turn out to be total clowns? https://t.co/lVhEVbfBbD
— vitalik.eth (@VitalikButerin) July 31, 2022
In the interview in question, Saylor, aside from implying that all other cryptocurrencies are securities, also stated, “all the legitimate talent is working in the Bitcoin ecosystem.” The MicroStrategy chief added, “if you’re honest, ethical, and competent, you would be building on the Lightning Network.”
It is worth noting that Buterin was not the only one who disliked Saylor’s comments. John Deaton, the legal representative for XRP holders in the ongoing legal battle between the US SEC and Ripple, also expressed some misgivings over Saylor’s comments. According to Deaton, Saylor’s definition of security is fundamentally flawed and his ethical arguments absurd.
“Saylor’s analysis of what constitutes a security is deeply flawed – which is quite surprising, considering how intelligent he is,” Deaton tweeted on Sunday. “More troubling are his comments that if you’re ethical, you would build only on Bitcoin and Lightning. The ethical comments are absurd, and Saylor needs to be better than that. The problem w/ his analysis is that he equates every potential developer w/ the platform’s founders.”
Saylor basically asserts that if you are aware of the law then you would ONLY build on #Bitcoin b/c the rest of the shitcoins are securities.
Saylor’s analysis of what constitutes a security is deeply flawed – which is quite surprising, considering how intelligent he is.
— John E Deaton (209K Followers Beware Imposters) (@JohnEDeaton1) July 31, 2022
In recent weeks, tensions between Bitcoin maximalists and the altcoin community have become more heated. As previously reported by The Crypto Basic, Cardano creator Charles Hoskinson had referred to Bitcoin maximalists like Michael Saylor as intellectually dishonest, following Saylor’s classification of ADA as security.
Michael Saylor’s MicroStrategy remains the largest known corporate holder of Bitcoin, with about 129,699 BTC in its cache.