On December 3rd 2018, the ETCDEV Twitter account has posted a message to announce that the project would shut down its operations. The reason invoked was that of an inability to secure short-term funding. On the surface, this seemed like the culmination of a common issue for open-source developers: as soon as their funding runs out, they have to cease their operations and move on to other projects.
However, the social media announcement came after a long week of infighting which culminated with the deletion of the ETCDEV GitHub account and the removal of the team’s Medium blog account. Though the files were not completely lost, the actions were a sign that some collaborators may be less benevolent than they seem.
In this regard, ETCDEV lead developer Igor Artamonov has written two detailed blog posts to talk about the , as well as the of DFG (Digital Finance Group) to take over the Ethereum Classic project. Both pieces are essential for anyone who wants to get an insider’s view of the events.
Nevertheless, Crypto Insider has taken it a step forward by contacting Mr. Artamonov and asking him essential questions which make his point of view on the events a lot clearer. In his replies, the head of ETCDEV was so incisive and direct that we just had to ask if the responses are to get published as such. Thankfully, we received an explicit consent on the matter and we can present to you more details.
Furthermore, ETCDEV business development expert Donald McIntyre has also been invited to do an interview on the subject, as he positions himself on the same side of the debate as Igor Artmonov. The result was a rather interesting 40-minute discussion which shone light on the essential elements from this conflict. Unlike the written interview that we’ve done with Igor over the e-mail, the content of this discussion is entirely caught on video and we’ve made it available for you to watch.
For the sake of objectivity, Crypto Insider invites representatives of both ETC Labs and ETC Cooperative to speak their mind in the same manner and present their take on the subject. An attempt to set up a moderated debate was made, but it proved to be unsuccessful. Hopefully, the release of these two interviews will encourage more debate and Crypto Insider will be a platform to settle this kind of infighting which ends up causing FUD while tarnishing the reputation of the entire projects.
Without further ado, here is the text interview with Igor Artamonov:
Vlad Costea: Is it true that the shutdown of ETCDEV is also due to the fact that its funds were held in ETC and BTC, and this price drop was a hard blow to the organization’s ability to pay its employees?
Igor Artamonov: No, it was independent from that, I had enough money to continue the work, but it happened because of other problems of my business partners.
Vlad Costea: What is the current situation of the Github account? Anthony told me that it was a misunderstanding and not malevolence, the files are frozen and the account is under investigation with the purpose of providing clear evidence and restoring the data.
Igor Artamonov: Github Org is still owned by the same account, I think it’s locked. I’m also in touch with Github to help them with investigation. It was definitely not a mistake, but part of an attack. In this particular case it seems that it was attack on me personally, but fortunately I found it out before they used it against me.
Vlad Costea: Has anything changed in terms of your relationship with Darcy, ETC Labs, and ETC Cooperative since your blog post?
Igor Artamonov: No, nothing changed.
Vlad Costea: Do you still consider crowdfunding alternatives to relaunch the project?
Igor Artamonov: No, I’ll better focus on other projects now.
Vlad Costea: How many devs have jumped ship to ETC Labs and how many are still reluctant because they don’t trust in the good intentions of DFG?
Igor Artamonov: I can’t say for sure, all engineers received urgent offers with very good terms, at least 1 accepted. Now maybe others accepted too. As far as I know, the plan was to switch everything to ETC Labs this Monday, I mean it’s supposed to be their first work day.
Vlad Costea: Do you personally believe that this is a corporate takeover?
Igor Artamonov: Yes, I believe. There are also a lot of other things or signs, that I simply can’t prove.
Vlad Costea: Do you think it’s related to the donation from the Ethereum Foundation which the ETC Cooperative accepted and publicly attacked?
Igor Artamonov: I don’t think there are any relation, though I may not know ETC Coop position on that matter and maybe that was turning point for them to support DFG actions.
Vlad Costea: What is next for you personally? Would you consider working for another ETC development team?
Igor Artamonov: I’ll continue to work in the blockchain space, but I don’t consider ETC anymore.
Vlad Costea: Can this be published as such? Or if there are sensitive parts, can you mention what can be a part of the article and what is completely off the record?
Igor Artamonov: I guess you’d want to make answers more literate. It’s ok if doesn’t change the meaning.
The post appeared first on .
Security tokens, stable coins, scalability and regulations were hot topics at this year’s Beyond Blocks Summit Bangkok which attracted over two thousand attendees from 50 countries. Despite the bearish trend of the crypto markets, the speakers and attendees were optimistic about the long-term potential of blockchain.
“Right now, the crypto exchanges differ significantly from traditional financial markets, however, with the development of the industry, I think long term the crypto exchanges will mirror that of the financial markets” commented Yovie Liu, CEO of IDAX Singapore.
No matter the current situation of the crypto markets, the underlying technology of blockchain is here to say and there is a lot of opportunity. As the use cases of blockchain increase, its adoption will inevitably follow.
Commenting on why the vast majority of ICOs were raising money via Ethereum and not stable coins, Alameda Research CEO Sam Bankman-Fried noted that there are two different models at play here: one in which you are holding Ethereum to see an appreciation in its value, and the other to raise funds by issuing tokens to develop your company. The two should not be necessarily mixed. If ICOs had used stable coins, “it would have been boring and would have been great for markets.”
While there was a lot of enthusiasm for security tokens, it was noted that currently we are at the infrastructure stage of the industry. “There is a lot of potential for future liquidity, but currently the market is not there”, commented Kingsley Advani, Founder of Chainfund Capital. However, with the recent interest of the stock exchanges of Malta and Gibraltar as well as London Stock Exchange’s pilot project, that may change in the foreseeable future. The development of security tokens is very important at this early stage of the industry. We need to figure out ways to collaborate more than to compete.
The key challenges for the development of the industry included a lack of clearly defined regulatory framework in various jurisdictions. Grace, senior associate at Herbert Smith noted that “it remains to be seen what the regulators would require from the issuers side.”
Prinn Panitchpakd, Governor at the Stock Exchange of Thailand, commented on the crypto regulations in Thailand by saying that “if people are using it (cryptos) for payments we want to make sure that it does not affect consumers in the wrong way.”
“STOs are possible in Thailand, however not for new start-ups currently” commented Bhume Bhumiratana, technology consultant with the Security and Exchange Commission of Thailand.
Yo Nakagawa, Executive Director; General Manager, and Global Management Committee Office at Monex Group Inc commented on the Japanese regulation: “Japan was one of the first countries to regulate crypto and as you know regulation takes time to legislate. The regulators began to deal with crypto as settlement coins, but today the bulk of the exchange is not payments – it is trading and leveraged trading, so there is a lot of catch-up for the regulators to do.”
The post appeared first on .
According to the Massachusetts Institute of Technology (MIT) Technology Review, two researchers at the prestigious Imperial College London have utilized artificial intelligence (AI) and machine learning to analyze hundreds of crypto pump-and-dump schemes to figure out a way to spot them before they occur. Since the 2017 bull market of cryptocurrencies, pump-and-dump schemes in the
The post appeared first on
| BTC $3,725 ↓4.08% $60.4M |
ETH $102.1 ↓5.91% $21.3M |
XRP $0.3367 ↓2.74% $4.53M |
BCH $130.7 ↓10.7% $4.3M |
| USDT $0.98 ↓0.86% $2.58M |
EOS $2.22 ↓7.88% $2.18M |
XLM $0.1334 ↓7.79% $2.01M |
XMR $51.7 ↓7.33% $1.25M |
| ETC $4.06 ↓6.88% $1.19M |
LTC $29.29 ↓4.65% $931,747 |
ZEC $65.2 ↓10.1% $764,863 |
ADA $0.0343 ↓7.64% $585,469 |
| DASH $77.5 ↓8.01% $397,259 |
XTZ $.39 ↓11.4% $391,436 |
REP $7.44 ↓6.53% $90,555 |
DOGE $0.0022 ↑1.20% $50,732 |
Visit the About section on our blog for more information about the Kraken Daily Market Report .
The post appeared first on .
