Any use case of Ethereum no longer exists, says Craig Wright
The alleged creator of Bitcoin, Craig Wright is at it again calling Ethereum blockchain a rip off the Bitcoin and has attacked the Ethereum blockchain on every level in a document submitted to the Commodity Futures Trading Commission (CFTC) on Friday. Calling himself the real Satoshi Nakamoto, Craig Wright shot into limelight in 2015 when he said that he was the reclusive creator of the Bitcoin whitepaper and that he was the one who created Bitcoin.
In a tweet on Sunday, Wright launched a scathing attack on Ethereum and he said:
“Any use-case for ETH no longer exists following the confirmation by the @SEC_News on ICOs. All as I have been trying to say for years. Next target, XRP. Another illegal unregistered security platform to take down.”
Any use-case for ETH no longer exists following the confirmation by the @SEC_News on ICOs. All as I have been trying to say for years.
Next target, XRP. Another illegal unregistered security platform to take down.
— Dr Craig S Wright (@ProfFaustus) November 17, 2018
The document seems to have been written in a real hurry which is evident by the fact that it is replete with grammatical errors and was submitted on the last day of the deadline. The submission was in reply to the request made by the CFTC in the month of December last year asking people to submit information about Ethereum that would help it to gain a deeper understanding of the technology, its implications, and the markets.
The main summary of Wright’s article is Bitcoin and its creation as a means of trading without a complex and extensive array of traditional trading processes.
This is not the first time Wright has spoken against Ethereum and made his views public. In the month of November last year, Wright said that Ethereum has got no use case and it has been on the wrong side of the line and fraudulent on a number of occasions.
The document submitted by him further adds that the Ethereum is not scalable and it cannot expand any more than it already has.
Craig Wright is not new to controversy. In the month of November last year, Wright tweeted about XRP and called it an “illegal unregistered security platform to take down” and he also said that the U.S. SEC will target XRP next as it is a security and works as an unregistered token.
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