BitMEX: HDR Global Trading donates to MIT’s Digital Currency Initiative supporting cryptocurrency research

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Recently, Paul Sztorc, Director of Research at Tierion, commented on Ethereum [ETH], the second largest cryptocurrency by market cap and a leading smart contract platform. This comment eventually grabbed the attention of Vitalik Buterin, the creator of Ethereum, who replied to his statement.

Paul Sztorc had tweeted,

The Bitcoin Researcher went on to state that it was possible that Ethereum “had invented *nothing* at all,” further asking whether there was any Ethereum idea that was not previously discussed on Bitcointalk. He remarked that Ethereum was “mostly a browser plug-in for bitcointalk.”

This was however countered by Cyrus Younessi, Risk Management Lead at MakerDAO, who affirmed that execution was everything, implying that neither where it came from nor who thought of it was important. He further added that whether Ethereum invented anything or not did not really matter.

However, Vitalik Buterin disagreed with the remarks made by Cyrus Younessi, adding that ideas were indeed easily copyable, “but it’s also true that nuggets of insight can lead to epochal leaps of progress in a field.” He added,

This was followed by Buterin listing ideas invented by people working on Ethereum. This included the gas mechanism, Casper FFG, Casper CBC, several concepts in blockchain sharding, Plasma MVP, concepts in state channel design, data availability proofs, and constant product market makers.

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