create account

Ethereum Co-Founder Explains Why Ether (ETH) Will Never Hit Zero by bashcrypto

View this thread on: hive.blogpeakd.comecency.com
· @bashcrypto ·
$0.03
Ethereum Co-Founder Explains Why Ether (ETH) Will Never Hit Zero
<center>![](https://cdn.steemitimages.com/DQmVjuKe1rGa23XscNkKp9wqdguCHJAaTY5JheBmuxjWTjD/image.png)
</center>

The well-known co-founder of the Ethereum network, Vitalik Buterin, and Gnosis founder Martin Koppelmann have both replied to the [publication](https://techcrunch.com/2018/09/02/the-collapse-of-eth-is-inevitable/) made on September 3rd, 2018 by the Bitcoin Core Contributor and Stellar advisor, Jeremy Rubin, in *which he commented on the reasons why Ether (ETH), not the Ethereum network, would hit zero*.

### Buterin fires back on Reddit
On the same date, Buterin [commented](https://www.reddit.com/r/ethtrader/comments/9ch5ls/the_collapse_of_eth_is_inevitable_techcrunch_can/e5av470/) on a post on Reddit where a user asked for an explanation about the article written by Rubin. Buterin, without hesitation, commented that he has all the reasons to disagree, that there were technical and economic details which were missing from the article published by Rubin.

In his post, Buterin explains the operation of the Ethereum Network, where the incentive of the Network depends on the fees, called ‘gas’, to be paid in ETH, to carry out transactions. Buterin goes on to explain the possibility of paying the ‘gas’ with a non-ETH asset, which is sometimes referred to as economic abstraction in the Ethereum Community. Due to this factor, it is possible to pay the fee of the Ethereum network without necessarily having ETH, which would make it unnecessary in the future to pay for transactions in the Ethereum network.

However, Buterin commented on his post that the Ethereum community is considering two proposals in which, at protocol level, they would have the need to pay for it causing ETH to get burned. Vitalik Buterin explains these two proposals in more detail in his [post](https://www.reddit.com/r/ethtrader/comments/9ch5ls/the_collapse_of_eth_is_inevitable_techcrunch_can/e5av470/).

### Koppelman fires back with a bet
Koppelmann has not missed the opportunity to answer,  acknowledging merit in Rubin’s argument, since there is currently no hard requirement for gas in an Ethereum smart contract making it possible for a dApp with its own token to pay for gas in order to carry out smart contracts. However, Kopplemann commented that the whole argument falls apart as soon as ETH is required in some form to create blocks.

<center>
<a href="https://twitter.com/koeppelmann/status/1036537351290478592" target="_blank"><img src="https://cdn.steemitimages.com/DQmVJ4w82yRoFEaf8EZcMm9Epy2ZRtQLWcVtE7WrPwZwjuq/image.png" /></a>
</center>

### Is the collapse of ETH inevitable?
It should be noted that both blockchains, Bitcoin and Ethereum, have always had problems with scalability but the community is currently working on solving these. In Ethereum’s case, the network has an updated plan (called forks). If you want to know more about the Ethereum update plan, you can read this [article](https://cryptocoin.news/analysis/guides/ethereum-hard-fork-guide-19346/) about the next Ethereum hard fork.


**Source:** <a href="https://cryptocoin.news/news/ethereum-co-founder-explains-why-ether-eth-will-never-hit-zero-20088/" target="_blank"><img src="https://cdn.steemitimages.com/DQmUQrgivfNmNN7piarFNdYcXsztunqQaxTqDYVXwDGEyai/image.png" /></a>



<center>

![](https://steemitimages.com/DQmeArLNNm4FjLi2go8pm6JDFLb7wMQ7ri776jDJf4YxC6B/image.png)

<a href="https://steemit.com/@bashcrypto"><img src="https://steemitimages.com/DQmSWrJHDu5vNo39LG38v3rrNY2KoKgDsjAYd7S7pWnME8i/454D784D-6AF9-40E8-9226-19D08EDAA405.gif" alt="Bash_Crypto" /></a>
</center>
👍  , , ,
properties (23)
authorbashcrypto
permlinkethereum-co-founder-explains-why-ether-eth-will-never-hit-zero
categoryethereum
json_metadata{"tags":["ethereum","eth","ether","crypto","ico"],"image":["https://cdn.steemitimages.com/DQmVjuKe1rGa23XscNkKp9wqdguCHJAaTY5JheBmuxjWTjD/image.png","https://cdn.steemitimages.com/DQmVJ4w82yRoFEaf8EZcMm9Epy2ZRtQLWcVtE7WrPwZwjuq/image.png","https://cdn.steemitimages.com/DQmUQrgivfNmNN7piarFNdYcXsztunqQaxTqDYVXwDGEyai/image.png","https://steemitimages.com/DQmeArLNNm4FjLi2go8pm6JDFLb7wMQ7ri776jDJf4YxC6B/image.png","https://steemitimages.com/DQmSWrJHDu5vNo39LG38v3rrNY2KoKgDsjAYd7S7pWnME8i/454D784D-6AF9-40E8-9226-19D08EDAA405.gif"],"links":["https://techcrunch.com/2018/09/02/the-collapse-of-eth-is-inevitable/","https://www.reddit.com/r/ethtrader/comments/9ch5ls/the_collapse_of_eth_is_inevitable_techcrunch_can/e5av470/","https://twitter.com/koeppelmann/status/1036537351290478592","https://cryptocoin.news/analysis/guides/ethereum-hard-fork-guide-19346/","https://cryptocoin.news/news/ethereum-co-founder-explains-why-ether-eth-will-never-hit-zero-20088/","https://steemit.com/@bashcrypto"],"app":"steemit/0.1","format":"markdown"}
created2018-09-08 15:16:51
last_update2018-09-08 15:16:51
depth0
children4
last_payout2018-09-15 15:16:51
cashout_time1969-12-31 23:59:59
total_payout_value0.024 HBD
curator_payout_value0.002 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length3,576
author_reputation3,999,505,907
root_title"Ethereum Co-Founder Explains Why Ether (ETH) Will Never Hit Zero"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id70,707,978
net_rshares26,658,903,344
author_curate_reward""
vote details (4)
@coin.info ·
**Coins mentioned in post:**

Coin | | Price (USD) | 📈 24h | 📉 7d
- | - | - | - | -
**BTC** | Bitcoin | 6320.972$ | _1.63%_ | _-12.78%_
**ETH** | Ethereum | 198.914$ | _3.95%_ | _-31.59%_
**GNO** | Gnosis | 29.366$ | _-0.17%_ | _-15.37%_
**XLM** | Stellar | 0.194$ | _0.04%_ | _-12.33%_
properties (22)
authorcoin.info
permlinkre-bashcrypto-ethereum-co-founder-explains-why-ether-eth-will-never-hit-zero-20180910t061256516z
categoryethereum
json_metadata{"app":"coininfo/1.0.0","format":"markdown"}
created2018-09-10 06:12:57
last_update2018-09-10 06:12:57
depth1
children0
last_payout2018-09-17 06:12:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length286
author_reputation133,144,230,969
root_title"Ethereum Co-Founder Explains Why Ether (ETH) Will Never Hit Zero"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id70,854,111
net_rshares0
@introduce.bot ·
 @bashcrypto, I gave you a vote!<br>If you follow me, I will also follow you in return!<br>Enjoy some !popcorn courtesy of @nextgencrypto!
properties (22)
authorintroduce.bot
permlinkintroduce-bot-re-bashcryptoethereum-co-founder-explains-why-ether-eth-will-never-hit-zero
categoryethereum
json_metadata""
created2018-09-08 15:16:54
last_update2018-09-08 15:16:54
depth1
children1
last_payout2018-09-15 15:16:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length138
author_reputation20,568,707,332,317
root_title"Ethereum Co-Founder Explains Why Ether (ETH) Will Never Hit Zero"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id70,707,983
net_rshares0
@popcornexpress ·
![](https://cdn.steemitimages.com/DQmWUxtNCsRhZEc3sDugy5ELxTp7qurgwsEcL7wmeFrYagt/2.gif)
properties (22)
authorpopcornexpress
permlinkre-introduce-bot-re-bashcryptoethereum-co-founder-explains-why-ether-eth-will-never-hit-zero-20180908t151726
categoryethereum
json_metadata""
created2018-09-08 15:17:21
last_update2018-09-08 15:17:21
depth2
children0
last_payout2018-09-15 15:17:21
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length89
author_reputation7,011,339,506,459
root_title"Ethereum Co-Founder Explains Why Ether (ETH) Will Never Hit Zero"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id70,708,027
net_rshares0
@steemitboard ·
Congratulations @bashcrypto! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/votes.png)](http://steemitboard.com/@bashcrypto) Award for the number of upvotes

<sub>_Click on the badge to view your Board of Honor._</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>



**Do not miss the last post from @steemitboard:**
<table><tr><td><a href="https://steemit.com/steemitboard/@steemitboard/steemitboard-witness-update-2018-09-07"><img src="https://steemitimages.com/64x128/http://i.cubeupload.com/7CiQEO.png"></a></td><td><a href="https://steemit.com/steemitboard/@steemitboard/steemitboard-witness-update-2018-09-07">SteemitBoard - Witness Update</a></td></tr><tr><td><a href="https://steemit.com/steemfest/@steemitboard/steemfest-steemitboard-support-the-travel-reimbursement-fund"><img src="https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmawPYDAwfrQM8YU6ejD1f87g64cvsmEFn8RQKHJMs4zxg/image.png"></a></td><td><a href="https://steemit.com/steemfest/@steemitboard/steemfest-steemitboard-support-the-travel-reimbursement-fund">SteemFest³ - SteemitBoard support the Travel Reimbursement Fund.</a></td></tr></table>

> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!
properties (22)
authorsteemitboard
permlinksteemitboard-notify-bashcrypto-20180909t025656000z
categoryethereum
json_metadata{"image":["https://steemitboard.com/img/notify.png"]}
created2018-09-09 02:56:54
last_update2018-09-09 02:56:54
depth1
children0
last_payout2018-09-16 02:56:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,541
author_reputation38,975,615,169,260
root_title"Ethereum Co-Founder Explains Why Ether (ETH) Will Never Hit Zero"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id70,750,938
net_rshares0