BTC Vs ETH Episode Review with Udi Wertheimer

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“I think that Ethereum is a convoluted mess and I don’t know what it’s good for but fine; other people like it. Good for them.”
— Udi Wertheimer

SHOW DESCRIPTION

Location: Squadcast
Date: Monday 24th Aug
Company: Independent
Role: Developer and Consultant, Bitcoin Activist

A deep divide exists between the Bitcoin and Ethereum communities. Bitcoin is conservative and slow and appeals to people who value sound money, censorship resistance and decentralisation. The Ethereum mindset is to "move fast and break things" with broader goals that many Bitcoiners see as flawed and impossible to achieve.

Following my recent episode with Samson Mow and Vitalik Buterin, the responses demonstrated the split in these two communities. Finding impartial voices able to consider the arguments from both camps objectively is challenging, so I asked Udi Wertheimer to come on the show and dissect the interview with me. 

We discuss the Bitcoin Maximalist mindset, flaws with the Ethereum protocol and the supplygate saga.

TIMESTAMPS

00:03:25: Introductions
00:03:56: Peter’s interview with Samson and Vitalik
00:05:01: Impartiality
00:08:10: What is Ethereum for?
00:12:27: Changing Ethereum narratives
00:15:33: Future vision for Ethereum
00:19:14: Importance of Ethereum’s supply
00:23:45: Different features for different users
00:28:26: Beginnings of Ethereum
00:33:19: Scams on Ethereum
00:37:46: Building on Bitcoin or Ethereum
00:40:18: Scams under the DeFi guise
00:44:22: Using the Ethereum ecosystem
00:50:45: Nodes and syncing to the blockchain
00:55:05: Community differences
00:59:21: Founders of Ethereum
01:02:05: Ethereum as an investment
01:05:25: Poor technical future for Ethereum
01:08:34: Udi’s blindspots
01:14:51: Final comments

 

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SHOW NOTES

PodcastPeter McCormack