Here’s why Crypto needs more: scientists, solid foundations, real utility of apps, regulatory clarity, UX improvements, and Less Speculation, In-fighting, and drama
Over the past few years, famous
cryptocurrency personalities have been attacking each other and their different
views regarding specific issues and ideas on the future of the crypto space.
However, for the crypto space to continue its development, there is a need to
have more scientists, solid foundations, real utility apps, and so much more.
Crypto Space Needs More Scientists and Less Drama
Muneeb Ali, the CEO of Blockstack PBC
recently called on the cryptocurrency space to get more scientist and solid
foundations involved. He tweeted that “Crypto needs
more: scientists, solid foundations, real utility of apps, regulatory clarity,
UX improvements. Crypto needs less: drama, in-fighting, armchair scientists,
anarchists, speculation, clunky UX. We’ll get there, in small steps.”
The Blockstack exec noted that the
crypto space needs less drama, fighting between digital currency personalities,
glorified armchair scientists, speculators, and clunky designs. Though that is
a lot to ask, Ali believes that the crypto community will get there over time.
The suggestion by Ali is a valid one
as the cryptocurrency space has seen a lot of in-house fighting and drama over
the past few years. With this in mind, the energy spent attacking other people
for their views could be channeled towards improving the crypto space.
One of the most controversial figures
in the industry is Craig Steven Wright, the self-proclaimed Satoshi Nakamoto.
For instance, Wright has been attacked by the crypto space for his claim while failing to provide
evidence to back up his claim that he is indeed Satoshi.
Wright is currently one of the most
hated personalities in the crypto industry, with Ethereum co-founder, Vitalik
Buterin calling him a fraud at one point. Wright was also attacked by Joseph
Young, a famous crypto analyst who believes the self-acclaimed Satoshi is
affecting both Bitcoin and Bitcoin Cash in a negative way, by launching hash
war which led to wastage of resources on both chains.
The Vitalik and Sun War
Another in-house battle that
continues to grab headline is that of Vitalik Buterin and Tron founder, Justin
Sun. Ethereum has been the leading smart contract and dApp platform over the
past few years. However, due to its scalability issues, it is facing tough
competitions from the likes of Tron and EOS.
Tron has been gaining strength, and
this has led Justin Sun to taunt Buterin on numerous occasions. The two have
engaged in multiple Twitter war such as this one, with Sun challenging Ethereum to
reach 2 million transactions per day. Sun revealed at one point that he would
build a monument in memory of Ethereum while Vitalik Buterin will be
remembered for his contribution to the crypto space.
Although Buterin and Sun are two of
the most prominent personalities in the cryptocurrency community, their attack
on each other and their various platforms do not look good on the industry.
The in-house drama and fighting are
what Muneeb wants to see reduced. Some crypto enthusiasts believe that there
should also be fewer speculators and more people that would actually use
An increase in the entry of
scientists and solid foundations would help create more real-world use for the
cryptocurrencies. Afterwards, this could help the industry the much-needed