Andreas Antonopoulos, a Greek-British bitcoin advocate, and a teaching fellow at the University of Nicosia said in the conference just before the Consensus 2018, “Bitcoin is the future and Blockchain is bullshit.”
At the Polish Bitcoin Congress held at Warsaw on May 12, Antonopoulos emphasized that only Bitcoin’s “weirdness” and decentralization’s capability to “offend” were the secret to its acceptance.
“…The reason Bitcoin is interesting is because it’s not controlled, because it can’t be censored, because it’s open, because a lot of the people involved are very, very weird,”
“[…] If you take all that out, what you’re left with – this Blockchain – is a sterile, unexpressive (sic), uninvented environment; a corporate plaything that has been sanitized of every interesting and left as an empty shell.”
The opinion that Blockchain is ‘basically a slow database’ is mundane to Antonopoulos who constantly seeks to strengthen Bitcoin’s and decentralized networks’ radical features.
The Polish conference was relevantly timed as Consensus 2018, four days later, witnessed squabbles after Bitcoin industry figures chided its partiality to blockchain. Jimmy Song and Johnathan Corgan contended that due to the event’s shortcomings, Blockchain fell victim to “cargo cult engineering.”
“It’s basically a very slow database,” remarked about Blockchain.
“If someone comes to you and says, ‘Do I need a blockchain for my business?’ Ask them, ‘Do you need something that is open, neutral, borderless, that no one controls and that resists censorship?’ If yes, then you need Bitcoin, Ethereum, Monero, ZCash – some open public Blockchain… that expresses these capabilities.”
The bitcoin advocate warns banks inclined to ETH for Blockchain solutions.
“Right now, the big banks, governments – they’re in love with Ethereum. They love the fact that Ethereum has all of these capabilities that seem much, much less weird than Bitcoin,”
he went on.
“But they don’t realize that all of the weirdness is still there[…]. The whole point of Ethereum is to make unstoppable code, applications you cannot turn off – and the reason they can’t be turned off is because they’re decentralized apps – DApps. Why make a DApp unless you wanted to make a DApp that somebody wants to turn off and you want to continue working?”