Former Bitcoin Core developer Peter Todd believes the fraudulent project Theranos has much in common with Ripple, Zcash, and Ethereum. The expert shares this opinion with the readers on his Twitter. This. Theranos was a successful scam because they really were developing new technology. The scam was in lying about what that technology could ... — Peter Todd (@petertoddbtc) September 18, 2016. ... As far as I can tell, just like Bitcoin, in practice while the Ethereum protocol is documented by human readable text, the Ethereum protocol is defined by executable code. Yet, it’s often claimed otherwise: Former Bitcoin Core developer Peter Todd says that Ripple and Ethereum have a lot of in common with Theranos, the infamous bio-tech startup that turned out the greatest disaster of Silicon Valley.. This. Theranos was a successful scam because they really were developing new technology. The scam was in lying about what that technology could actually do and covering up failures. In the case of Bitcoin, this is currently a problem, but there exists a blockchain modification suggested by Peter Todd which will alleviate this issue. In the near term, Ethereum will use two additional strategies to cope with this problem. First, because of the blockchain-based mining algorithms, at least every miner will be forced to be a ... Peter Todd, a former Bitcoin Core developer, has struck out at Ethereum co-founder Vitalik Buterin while calling Ethereum a scam. The developer has also gone on to defend the actions of a journalist who asked the question of whether or not Ethereum 2.0 will also be a scam.
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Close. This video is unavailable. In this episode, I talk with Bitcoin legend Peter Todd. We talk about the essence of Bitcoin, why it worked whether other attempts at digital currencies fail... Decentralised systems are meant to be trustless. But our interactions with tech is always mediated by software. This talk will cover the threat, including real and hypothetical attacks, what it ... Peter Todd's thought on two competing concepts in cryptocurrency world: Proof Of Work vs Proof Of Stake. More detailed theoretical descriptions for both can be found below: A proof of work (PoW ... Interview with Peter Todd at 'Security and Stability of Blockchains' - Binary District Journal ... Ethereum Toronto 13,550 views. 1:13:52. Language: English Location: United States