The cryptocurrency space is known for its feuds, be it between founders or between rival cryptocurrency organization bigwigs. A popular ongoing spat is between Craig Wright, the chief scientist at nChain and Tone Vays, a famous cryptocurrency trader and analyst.
They took the stage at a debate recently where Craig Wright claimed that Tone Vays did not understand Bitcoin and its infrastructure. The Bitcoin SV proponent continued to state that traders like Vays predict it wrong and do not know the technicalities involved in the digital asset world. He also said:
“I am the cause of all this and no I am sorry, Tone but you didn’t write the whit paper, so you didn’t understand the whitepaper. The whitepaper clearly states that miners are the ones that enforce rule and people like Tone will be annoyed with that.”
Aside from passing snide remarks, Wright went on to add that he knew of the inner workings of the Bitcoin blockchain and that there was a lot left in store for 2020. In his words:
“I will give all of you a prediction. In 2020, Bitcoin will be seized by the government and miners will help them. Because in such a setting only nodes are miners and miners are the examples of those nodes. The process will be undertaken with the help of three massive Chinese miners. Just wait and watch.”
Tone Vays was also in the news recently when he opined that Ethereum is useless, and Bitcoin could be heading for the $100k mark by 2023. When it came to the short term cryptocurrency climate, Vays said:
“I think we are headed for the low $7,000 area but if that area cannot reverse the price quickly and we consolidate there the way we are now doing in the low $8,000s then $5,000 becomes a reasonable and likely target.”
He was also of the opinion that Bitcoin could still fall to a yearly low as the market looked very volatile.
Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
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