The debate between Nouriel Roubini, the economist and Vitalik Buterin, the CO-Founder of Ethereum is something that the entire cryptocurrency community is waiting for and Tron Founder Justin Sun is not far behind on the news. Justin recently announced $1 million as a reward for the winner of the debate between the two. Sun stated on Twitter:
“#TRON is happy to sponsor this debate and give 1 million USD to the winner. The result can be decided by the public vote. #TRX $TRX“
Ethereum is somewhat of a rival to Tron. When asked about the prospect of Buterin winning the debate, Justin Sun stated:
“Eh, I probably would have just donated it to @AgainstMalaria or whatever.”
The reward is not the first time that Justin Sun has taken a keen interest in the debate with earlier reports showing that Sun had suggested Nobel Laureate Paul Krugman should moderate the debate.
The entire reason for the debate lies in Nouriel Roubini’s latest attack on Ethereum as well as the applications built on it. The economist who had predicted the 2008 financial crisis had stated during multiple interviews that Ethereum is a scam and that the entire cryptocurrency market will go ust soon as it holds not feasible value. He had elucidated:
“You know, there’s a lot of people [who] talk about their DApps or their distributed apps. 75 percent of those apps are what? CryptoKitties, Ponzi schemes and other pyramid schemes, and other casino games, like Las Vegas. So, after a decade, what does Ethereum have to show us? CryptoKitties and Ponzi schemes? And that’s what they’re doing? They’re not doing anything that is of any use to anybody.”
One of Ethereum’s biggest issue which has also been admitted by italic Buterin has the scalability problem and Roubini had made sure to point out this fact. He stated:
“So, it doesn’t have any functions [it] should have: It’s not scalable, it’s not secure, it’s not decentralized. So, what is it worth for? With Ethereum, you can do twenty five transactions per second; with Visa, you can do 25,000 transactions per second.