By Bitcoinist - 1 year ago - Reading Time: 4 minutes
Jimmy Song Ak Samson Mow Vs. Vitalik Buterin, Battle Royale Nan LABITCONF
The fact that Jimmy Song and Samson Mow were in the same bill as Vitalik Buterin was interesting enough, but the actual panel was the equivalent of an atomic bomb blowing the stage up. What started as a discussion about the FTX collapse and saga, turned into a heated debate about bitcoin Vs. Ethereum pretty quickly. It was a spectacle. And Song and Mow ensembled into some kind of bitcoin killing machine right before our eyes.
Ann kòmanse nan kòmansman an, menm si.
Besides the already mentioned characters, Ripio’s Juan Llanos and Kraken’s Alejandro Palantzas completed the panel. The moderators were Rodolfo Andragnes and Diego Gutiérrez Zaldívar, Co-founder of the Bitcoin Argentina NGO. At first, Llanos tried to explain the FTX saga in a polite way. It was a stressful situation and mistakes were made, he said. However, Samson Mow wasn’t having it. “The main problem is that they built their business on a sh*tcoin,” he said. Vitalik laughed. Everything was fine.
"The main problem is that they built their business on a shitcoin", explains @Excellion sou #FTX's collapse at the main stage of @labitconf
Di yo, chèf! #LABITCONF @JAN3com @BFXLeosESP pic.twitter.com/WIcvVSL0gU
— Javier ₿astardo @ (@criptobastardo) Novanm 11, 2022
Dapre Mow, "sa pa te gen anyen fè ak regilatè yo. FTX te pwofondman nan kabann ak regilatè yo, "ki se yon pwen fenomenn. Sam Bankman-Fried te fè fas a souse jiska gouvènman an pou fè endistri kript antye a plis regilatè-zanmitay. Ki kote mouvman sa a kanpe kounye a? Apre sa, Jimmy Song te ale menm pi wo epi li di ke wi, tout sa ki te rive, men pwoblèm reyèl la se itilizasyon sèvis santralize kòm gadyen. Kòm ansyen pwovèb la di: Se pa kle ou yo, pa pyès monnen ou yo.
Jiskaprezan, tèlman bon. Men, te deja tansyon nan lè a...
Jimmy Song Ak Samson Mow Vs. Vitalik Buterin
Finally, it was Vitalik’s turn. He criticized Bankman-Fried’s megalomania and compared the FTX billboards and the stadium naming to the behavior of dictators from the last century. Vitalik explained how the FTT racket worked, and Samson Mow dropped the bomb. Mow said that a lot of what Vitalik was saying also applies to Ethereum and all hell broke loose.
Moderatè a, Diego Gutiérrez Zaldívar, te eseye kenbe bagay yo konsantre sou FTX men li echwe. Chat la te soti nan sak la. Gutiérrez Zaldívar te mande Samson Mow pou definisyon "sh * tcoin" ak ansyen Blockstream jis dekri Ethereum ak fonksyone li pandan Vitalik te gade nan enkwayans. "Pwoblèm nan ak sh * tcoins se ke yo pretann yo dwe desantralize pandan y ap kouri sou Amazon, sitou, epi pèsonn pa ka kouri yon ne."
'Shitcoin' definition, by @Excellion @ @labitconf #LABITCONF @JAN3com pic.twitter.com/CYIeSKTcCA
— Javier ₿astardo @ (@criptobastardo) Novanm 11, 2022
Dapre Jimmy Song, efondreman FTX a reyèl leson te ke moun yo gen pwòp tèt ou-gad ak verifye tranzaksyon pwòp yo, peryòd. Song kritike kilti Altcoin nan konfyans epi yo pa verifye. “Ou bezwen aprann kijan pou verifye pwòp bagay ou yo, epi si ou pa aprann leson sa a, ou tout ap kraze. Se jis yon kesyon de tan."
Since it was two against one, Gutiérrez Zaldívar took it upon himself to protect Vitalik and Ethereum. He didn’t do a very good job. He gave Alejandro Palantzas the word and Palantzas said there’s a reason companies like Kraken and Coinbase are still in business 10 years later. They have resisted the temptation to print their own token or “sh*tcoin,” and “they didn’t do it because it’s morally wrong.” According to Palantzas, all the scammers in the space don’t understand what bitcoin vrèman se. Bitcoin “is freedom, it’s liberty.”
Tablo pri BTC pou 11/16/2022 sou Bitstamp | Sous: BTC / USD sou TradingView.comMow Konpare Mond Altcoin ak yon kazino
When Samson Mow defined “sh*tcoins,” he said that they advertised themself as decentralized when they had an obvious issuer. Vitalik challenged him asking if Satoshi was bitcoin’s issuer. Mow responded that what Satoshi did was set up a number of rules that a lot of people followed, which is not the same as being a central issuer. Neither Mow nor Song stated the obvious, that Satoshi is not among us while Vitalik and other altcoin CEOs are. And their influence over the protocols they preside over is immense.
Vitalik te gen pi gwo hit li nan mitan lannwit lan pandan y ap pale sou fè pwòp tèt ou-gad pratik pou moun regilye. Li te ale nan wout foul moun-plezi epi li te di ke endistri a tout antye ta dwe travay ansanm pou fè sa rive, ak piblik la te eksploze. Mow te di ke, kontrèman ak kwayans popilè, pwòp tèt ou-gad te fasil. Moun jis oblije swiv enstriksyon bous pyès ki nan konpitè a. Jimmy Song te ale pi lwen epi li te di ke si moun yo pa vle fè efò ak aprann kèk bagay, yo pa merite "lajan pwòp tèt ou souveren."
Epitou, Song te ale nan gòj kreyatè Ethereum a lè li di "Mwen konnen ou pa vle tande sa, mwen konnen ou vle bay Vitalik lajan ou." Pou sa, Vitalik reponn ke li pa menm fè Vitalik konfyans ak lajan li, epi li eksplike konfigirasyon an nan 4/6 milti-sig bous li. Ki te komik, men evade kesyon an reyèl. Èske li nan sant Ethereum oswa ou pa?
Pou mete fen nan panèl gòch men trè amizan, Gutiérrez Zaldívar fèmen ak pi gwo hit li nan mitan lannwit lan. Li te di ke kesyon ouvè yo rete pou tout moun reflechi sou yo, "paske nou pa gen laverite, nou sèlman pataje fason nou panse."
Kidonk, kisa OU panse?
Featured Image: Song, Mow, and Buterin at LABITCONF, by Ed. Prospero | Charts by TradingViewSous orijinal: Bitcoinse