Pseudonymous Bitcoin Stock-to-Flow (S2F) Model Creator Planb invaded Ethereum and played the project co-founder, Vitalik Blerin.
The Planb that surprised the June 2022 X’s post was re-reposting Baterin’s June 2022 X in which Ethereum co-founder said the S2F “is really not good right now.” The PlanB responded with a new posting saying, “Ethereum is really not good right now.”
In his response to Baterin’s criticism from the years ago, Planb claimed that Ethereum and the network coin, Ether (Eth), is centralized and premined, pointing its move to proof-of-stake (POS) and changes in its release rate. He said those features were “harmful and worthy of all the mockery they get,” echoing Baterin’s former comments about the S2F.
Related: Bitcoin Analyst Planb transfers bitcoin to ETFs to avoid ‘busy with keys’
Planb’s criticism of Ethereum
In a separate x PostThe PlanB explained that an entire Ethereum node requires nine terabytes of disk space, which means “he can’t run it” on his hardware. The type of node being talked about is probably an Ethereum archival node, which, where, According to In Ethercan data, it requires more than 21.8 terabytes (TB) including the Geth client.
An Ethereum full node that operates Geth client prunes older states with default settings requires 1.28 TB, According to in etererscan data. The bitcoin (Btc) and Ethereum communities have long been debating what makes up an entire node.
This type of pruned node does not access full historical data or generate Merkle proof for old blocks, limiting research and bug search. However, such nodes can engage throughout the unbelievable block and transaction validation.
The entire node of bitcoin requires under 700 gigabytes (0.7 terabytes), According to In Statist data, and also requires less power to compute. This means that users can run the entire Bitcoin node more easily, leading to a higher nodes and increased network decentralization.
Not everyone looks at the criticism as established. Jeremiah O’Connor, chief technology official and co-founder in Crypto cybersecurity firm Trugard, told Cointelegraph:
“Getting the Planb is classic Bitcoin Maxi Energy – strong, confident and missing half of the picture.”
O’Connor explained that Ethereum and Bitcoin have served two different goals. He said the “Ethereum node is bigger and more complex” because Ether “is not just digital gold-it’s a whole global computer.”
“Of course it’s heavier.”
He confirmed that users rely on centralized data providers such as Unfura is a problem. However, he claimed that each ecosystem was engaged in centralization tradeoffs and that Ethereum developers were working to address the issue, and “it was growing fast.”
“Calling ETH as a” Shitcoin “because it’s not Bitcoin is like calling smartphone scams because they are not landlines,” he said.
He added that the two had different tools with different goals. He views Bitcoin as a “rock-solid value storage” and Ethereum as “where the builders are,” and said “same thing” and “complement each other.”
Related: Can the transactions on the Ethereum blockchain roll? Understanding the limits and risks
Buterin as a “single point of frustration”
Planb also questioned Buterin’s influence on Ethereum’s development, calling him a “single point of frustration.” However, Ethereum Foundation’s co-executive director Tomasz Stańczak recently announced that Baterin has stepped back From daily operation to focus on research.
The Planb also raised an issue with Ethereum Rolling Back Transaction Following the 2016 Dao Hack:
“The fact that this is possible even if you have to worry about it.”
Ben Zhou CEO Bybit the Ethereum Rollback Following a $ 1.4 billion exchange of exchange. However, many in the community argue that a rollback is happening today, that Ethereum is a more mature network, will be next to the impossible.
Bitcoin itself had a comparable incident in its early history. On August 15, 2010, an exploitation resulted in a transaction that Minted 184 BTC on the network In Block 74638.
Satoshi Nakamoto (still involved in time progress) and other major developers released an update rolling back to the network to block 74637 and that patch the weakness. In other words, Bitcoin saw its own blockchain rollback in its early days.
Other points raised by the Planb include the Ethereum transfer to POS, which he claims to have consequences for the price. He suggested that changes in release and management distract the value of Ethereum’s proposal compared to the fixed and predictable supply of bitcoin.
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