Vitalik Buterin clarified the 'x1000' market growth commentator, Mocks Backlash and Justin Sun
Vitalik Buterin's commentary shows that the 1000-fold growth in the crypto market is met with a large amount of community response, no doubt much from strong investors at the wrong time and the desire to see market take off again.
Throughout the comment sections and topics on Twitter, Ethereum's founder lacked a keen understanding of the price and economic movement.
CCN@CryptoCoinsNews · Sep 9, 2018
Ethereum Creator Believes Days of 1000x Crypto Growth is Gone https://www.ccn.com/why-ethereum-co-creator-believes-days-of-1000x-crypto-growth-is-gone/ …
According to Vitalik Buterin, the co-creator of Ethereum, the days of 1000x growth as seen in 2017 in the cryptocurrency sector is gone.
Kwabena Kankam@nana_qwabenah
Hahaha no!! He is out of ideas that’s why
rickdog@richard34661016
This a buy signal...buy buy buy (10:11 PM - Sep 9, 2018)
Ales Gaber (Fresh)@ales_gaber
He should be ashamed of saing that.
12:34 AM - Sep 10, 2018
The people in CCN's comment section even noted that Buterin did not look well and speculated that he was sick and wearing medical equipment in recent photos.
Of course, what Buterin said was correct, and after a fierce response, he stood up to defend his comments on Twitter, saying:
"To be clear, I have never said that there is" no room for growth "in the cryptosystem. I say no room for * 1000x price increase *. Raising the price of 1000x from today means $ 200T in electronic money, or ~ all 70% of global assets today are used in cryptography. "
"What I * really * say is that, because the vast majority of the population has heard of cryptography, the further development of cryptography in any sense must come from * depth * (ie, real use), and do not pay much attention. "
Buterin continues to challenge widespread negative reactions to his statements that 70% of the world's global assets will not suddenly turn into electronic money, taking a pot hit at the CEO of TRON. Justin Sun to take good measures.
Vitalik Non-giver of Ether✔@VitalikButerin · Sep 12, 2018Replying to @VitalikButerin
What I actually said is that, because large portions of the population have already heard of crypto, further growth of crypto in any sense must come from depth (ie. actual usage), and not bringing in more attention
Me: obviously, let's be realistic, the entire world wealth is not going to turn into cryptocurrencies...
Media: VITALIK IS A PESSIMIST!!!!!1!!1!
Guys, if you spin things this way you're incentivizing people to act more like @justinsuntron
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Buterin, of course, refers to Sun's tendency to exaggerate the crypto beyond what many consider reasonable expectations. While Sun is composing an answer, CEO Binpe Changpeng Zhao has joined them both to support Buterin and to have a chance to have a laugh at Sun's farce.
Me: obviously, let's be realistic, the entire world wealth is not going to turn into cryptocurrencies...
Media: VITALIK IS A PESSIMIST!!!!!1!!1!
Guys, if you spin things this way you're incentivizing people to act more like @justinsuntron
CZ Binance✔@cz_binance
You are obviously a victim of media. They slice one sentence you say and twist it to the max. Happens all the time. But poor Justin, lol. Just too funny.
9:53 AM - Sep 12, 2018
Sun later lived and even exceeded its credibility by saying that not only 70% but 100% of the entire world's real assets are converted into electronic money, the market capitalization will reach 10 thousand USD billion before the most valuable companies in the world. Time will answer."
Me: obviously, let's be realistic, the entire world wealth is not going to turn into cryptocurrencies...
Media: VITALIK IS A PESSIMIST!!!!!1!!1!
Guys, if you spin things this way you're incentivizing people to act more like @justinsuntron
Justin Sun✔@justinsuntron
I do believe the entire world wealth will turn into cryptocurrencies like blackhole and grow much bigger in the future. Cryptocurrency will hit 10 trillion USD market cap before @Apple and @amazon do. We will see. Time will tell. #TRON #TRX $TRX
10:44 AM - Sep 12, 2018
Of course, Sun's $ 10 trillion projection is still far behind the $ 200 billion needed to increase the 1000-percent market for electronic money. It seems logical that Buterin is right in what he says, but while the cool cold heads say there is still room for 2x, 3x, or even 100x growth is still astronomical, that's not good enough. For many cryptic offensive enthusiasts the idea that they have missed their moonshot.