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Vitalik Buterin Explained the Main Reasons for the Defeat of 'Big Blockchains' in the Bitcoin (BTC) Scaling War. Vitalik Buterin, creator of #Ethereum addressed the controversial “Bitcoin block size war” of the late 2010s in a recent blog post. Buterin, who once backed “big bloc” supporters, now concedes that the “small bloc” camp’s approach is more sustainable. This discussion centered on how Bitcoin should be scaled, updated, and managed; Supporters of large blocks were advocating hard-fork updates that would increase transaction capacity. However, Buterin thinks that big block supporters do not have the technical competence to effectively realize their vision and therefore fail to replace #Bitcoin . Buterin noted that the success of small-block promoters is partly due to their technical proficiency and fewer mistakes. He evaluated Jonathan Bier's book "The Blocksize War" from a small block perspective and Roger Ver's book "Hijacking Bitcoin" from a large block perspective. According to Buterin, various Bitcoin implementations proposed by big block supporters were flawed. For example, Bitcoin Classic was not well written and Bitcoin Unlimited was too complicated. Their reputations were also further damaged by the big bloc supporters' alliances with the now discredited Craig Wright. Despite the victory of small-block supporters, Bitcoin still faces ongoing challenges. Bitcoin Core developer Matt Corralo recently expressed concerns about Bitcoin's future as a peer-to-peer currency, noting the lack of effective scaling solutions without intermediaries. This has reignited discussions about soft fork proposals and the ultimate goals for Bitcoin's development. Buterin argues that the solution to these problems is new technology, not compromise. He highlighted technologies such as ZK-SNARKs, which he sees as a promising solution for both privacy and scaling; this technology was absent from historical accounts of the block size war. $ETH

Vitalik Buterin Explained the Main Reasons for the Defeat of 'Big Blockchains' in the Bitcoin (BTC) Scaling War.

Vitalik Buterin, creator of #Ethereum addressed the controversial “Bitcoin block size war” of the late 2010s in a recent blog post. Buterin, who once backed “big bloc” supporters, now concedes that the “small bloc” camp’s approach is more sustainable. This discussion centered on how Bitcoin should be scaled, updated, and managed; Supporters of large blocks were advocating hard-fork updates that would increase transaction capacity. However, Buterin thinks that big block supporters do not have the technical competence to effectively realize their vision and therefore fail to replace #Bitcoin .

Buterin noted that the success of small-block promoters is partly due to their technical proficiency and fewer mistakes. He evaluated Jonathan Bier's book "The Blocksize War" from a small block perspective and Roger Ver's book "Hijacking Bitcoin" from a large block perspective. According to Buterin, various Bitcoin implementations proposed by big block supporters were flawed. For example, Bitcoin Classic was not well written and Bitcoin Unlimited was too complicated. Their reputations were also further damaged by the big bloc supporters' alliances with the now discredited Craig Wright.

Despite the victory of small-block supporters, Bitcoin still faces ongoing challenges. Bitcoin Core developer Matt Corralo recently expressed concerns about Bitcoin's future as a peer-to-peer currency, noting the lack of effective scaling solutions without intermediaries. This has reignited discussions about soft fork proposals and the ultimate goals for Bitcoin's development. Buterin argues that the solution to these problems is new technology, not compromise. He highlighted technologies such as ZK-SNARKs, which he sees as a promising solution for both privacy and scaling; this technology was absent from historical accounts of the block size war.
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The brand that Elon Musk once despised became an automobile giant CNN reminded me of Elon Musk's words about BYD, Tesla's strong rival. According to CNN, BYD, the #Chinese automobile manufacturer that Tesla's owner Elon Musk once made fun of, surpassed Tesla as the company selling the most electric vehicles in the world at the end of last year. The Warren Buffett-backed company and Tesla have been neck and neck ever since. Now BYD is challenging by introducing a new hybrid powertrain that it says can take it from New York to Miami without refueling, according to CNN's analysis. This figure means approximately 2,100 kilometers in one trip. According to The Wall Street Journal, leading global hybrid car manufacturers typically have ranges around 1,100 kilometers. According to CNN's analysis, #Tesla is the best-selling electric car in the United States, but is losing market share overseas to rivals that can produce vehicles at less cost. According to CNN, Tesla has not made any significant innovations in recent years and BYD is relatively cheap, allowing the Chinese brand to challenge Tesla. In his article, CNN questions how #BYD transformed from a small scrap producer into a global powerhouse. He recalls #ElonMusk saying in a 2011 interview with Bloomberg that he didn't take BYD seriously. CNN reported, "In that interview, Elon Musk responded to the question about BYD competing with Tesla with a smug laugh. "Have you seen their cars?" to the interviewer. he asked, and when the reporter pressed him, he said he thought BYD's product was "unattractive" and its technology "wasn't very strong."
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