Chatter Report: Vitalik Doesn’t Believe in Proof of Work, Chris Pacia Discusses Big Blocks


In this latest roundup of crypto chatter from social media, Vitalik Buterin sparks debate by declaring that he doesn’t believe in proof of work. Also, developer Rhett Creighton is accused of foul play in the Bitcoin Private pre-mine scandal. Finally, Chris Pacia clarifies his stance on large block limitations.

Also read: A Look at Some of 2018’s Most Popular Cryptocurrency Traders

Vitalik Doesn’t Believe in Proof of Work

Ethereum founder Vitalik Buterin turned a lot of heads recently when he tweeted to Bitcoin maximalist Giacomo Zucco that he doesn’t “believe in proof of work.”

Crypto Twitter erupted with responses. One commentator, Crypto Domains, pointed out the ridiculousness of Vitalik’s comment, comparing it to not believing “in oxygen.” Crypto Domains’ remark resonated widely, not least since Ethereum itself currently runs on a proof of work model.

Bitcoin Community Skeptical of Rhett Creighton

The Bitcoin Private team recently released an official statement explaining that they had no prior knowledge of the BTCP coins that were covertly created during the fork that birthed the project. Instead, they were mislead by developer airk42, they insist. Airk42 had started out innocently by accepting a bounty the team had placed. He then managed to became a BTCP developer and was promoted to contributor on Github. However, when airk42 merged his own code, he left out one crucial line and a bad actor exploited this bug, creating approximately 2 million additional coins.

Many in the cryptocurrency community were suspicious of the BTCP team and their official response. In a recent live stream by bitcoin trader Tone Vays, developer Jimmy Song pointed out that former BTCP developer Rhett Creighton left the project in a rather cryptic manner that foreshadowed the hack.

Likewise, Vays expressed skepticism at Creighton’s sincerity and quickly theorized that he may have secretly been airk42. Cryptocurrency trader Nick Core also agreed with Tone, explaining that scammers are prone to “leave projects before they are finished.”

Chris Pacia Clarifies Tweet on Blocksize Limitations

Bitcoin commentator u/satoshi_vision 1 recently called out Openbazaar developer Chris Pacia on the r/bitcoincashSV subreddit for Pacia’s comments that bitcoin software will start to break down when blocks reach about 22 MB in size. u/satoshi_vision 1 was criticizing Pacia, as Coingeek had mined a 64MB block at block height 557335.

We were told by Chris Pacia that 22MB blocks would not work, not we have blocks nearly 3x that size. from bitcoincashSV

Pacia was unable to defend himself on the subreddit, as he had been banned from participating on r/bitcoincashSV, despite never having commented on it before. Instead, Pacia took to Twitter to defend himself, explaining that his tweet wasn’t about the ability to mine a single large block.

Rather than large single blocks, Pacia was referring to the ability to mine many large blocks in tandem. He then went on to point out that the average blocksize over a one-hour period never went above 7 MB when BSV was mining 32 MB blocks.

What do you think of Vitalik’s thoughts on proof of work? Let us know in the comments below.

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Report Finds a Strong Relationship Between Crypto-Advocates and Life Extension


Bitcoin historians will recollect that the early cryptocurrency pioneer Hal Finney was a person who believed in life extension and chose to be frozen in cryopreservation. Now a recent report shows that a good number of well-known blockchain advocates are also convinced that an ‘extropian-like’ technology may extend the lives of humans in the future.

Also read: China Now Ranks 34 Crypto Projects

Cryptocurrency Supporters and the ‘Ultimate Goal’

Cryptocurrency enthusiasts and believers in life extension go hand in hand these days, according to a report by Breaker columnist Julia Herbst. The chief science officer of SENS (Strategies for Engineered Negligible Senescence), Aubrey de Grey, talked with Herbst about the relationship between an extropian philosophy and blockchain technology proponents. Extropians are futurists who believe in the philosophy of life extension through improving technology. recently reported on how Hal Finney, the man who received the very first bitcoin transaction, was a devout extropian. The British biogerontologist de Grey explained in his interview that many other blockchain luminaries have donated to SENS research, which studies and develops regenerative medical therapies.

Report Finds a Strong Relationship Between Crypto-Advocates and Life Extension

In the early 2000s, Michael Novogratz donated to the organization and the Pineapple Fund gave SENS $2 million in BTC last year. Moreover, the inventor of the Ethereum network, Vitalik Buterin, donated $2.4 million to SENS. The regenerative medical therapies organization raised another $4.1 million in cryptocurrencies this year in addition to the Pineapple Fund donation. “I’m not in this to do science for the sake of doing science,” de Grey detailed in his interview with Herbs. “I’m in it for the ultimate goal,” the SENS founder adds. The biogerontologist further revealed that a few anonymous donors have given SENS $1 million per individual and other cryptocurrency personalities are also long-term donors.

Report Finds a Strong Relationship Between Crypto-Advocates and Life Extension

Deep Freeze

Report Finds a Strong Relationship Between Crypto-Advocates and Life Extension
World-renowned cryptographer Ralph Merkle at the Singularity Summit 2007.

According to the report, a few anonymous members of the digital currency industry have also donated to the Alcor Life Extension Foundation and its cryonics research. On Aug. 28, 2014, Hal Finney’s body was taken to Alcor and he was the company’s 128th patient. Hal paid for his cryogenic process “through a combination of life insurance and bitcoins donated by admirers,” explained Alcor at the time. In another instance of the strong relationship between crypto-advocates and the philosophy of life extension, the entrepreneur Brad Armstrong donated $5 million in cryptocurrencies this year to Alcor Research and dedicated the gift to Hal Finney’s memory.

Furthermore, the inventor of cryptographic hashing, Ralph Merkle, is also a big life extension and cryogenics believer. Merkle’s Wikipedia page calls him a “researcher and speaker of cryonics.” Herbst detailed that Merkle has known a few crypto-advocates who have donated to cryonics and explained he has also helped raise funds for Alcor. Another member of the Alcor Foundation is the cryptocurrency magnate Robin Hanson, who believes future generations will be able to unfreeze him after the cryogenic process. In fact, Hanson thinks it will be very easy in the future and stated; “[Future generations] won’t have to try really hard — If they have to try really hard, they probably won’t.”

What do you think about blockchain enthusiasts and their relationship with the philosophy of life extension? Let us know what you think about this subject in the comments section below.

Images via Shutterstock, and Pixabay.

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