Michael Saylor speaks out against Ethereum

Michael Saylor Ethereum2

Saylor, founder and CEO of MicroStrategy (MSTR), gave a session on Ethereum via remote presentation at Blockchain Economy Istanbul on Wednesday.

Institutional investors “must wait until the protocol is complete,” according to Saylor, whose company MicroStrategy owns 129,218 bitcoin (BTC) worth $2.8 billion at current exchange rates. Ethereum co-founder Vitalik Buterin claimed at a conference last week that Ethereum was 40% done and set a time frame of three to four years, so the “protocol will not be complete or stable for another 36 months. ”

The CEO of Microstrategy expressed concern about the reliability and security of Ethereum due to his lack of experience with time-tested information.

When you hard fork and upgrade, you expose new attack surfaces,” he was quoted as saying. “Technically sound means I need to look at the technique after 5-10 years. It is also unknown.”

Saylor expressed concern about the morality of Ethereum:

“Ethically sound means that no one, including Vitalik, can change [the protocol].” “I have to make sure that no one in the Ethereum foundation can change the protocol because that would make it a security and prevent it from becoming global money,” says Saylor. “Ethically sound means that no one, including Vitalik, can change [the protocol].”

Saylor informed me that MicroStrategy has no plans to sell bitcoin.