Jimmy Song takes aim at EOS, Bitcoin Cash, Ethereum and Roger Ver

14 Oct, 2018
by Will Heasman
Jimmy Song takes aim at EOS, Bitcoin Cash, Ethereum and Roger Ver

An interview with Bitcoin investor and educator, Jimmy Song, saw him rip into a few crypto projects in a way that would make Nouriel Roubini proud…

During a discussion with Crypto Insider, Song, a well-known proponent of Bitcoin (BTC), spoke of recent developments and events within crypto as well as his thoughts on different projects.

When questioned on whether new developers should work on projects like EOS, Song didn’t mince his words:

“Well, I think EOS is a scam and I don’t think you should work on it… Working for something EOS… I don’t think it’s a really good idea because it will die in a horrible dumpster fire in the next five years”

Song continued to add ICOs to his list of what to avoid working on stating that they most likely “won't last”

Similarly, Song didn’t play around when asked about Bitcoin Cash (BCH) and Ethereum (ETH):

“BCH has no reason to exist, I wrote an article called “Bitcoin Cash is fiat money”, please go read that if you want to see my arguments about why I think Bitcoin Cash is worthless or it doesn’t really have any value to anybody.”

Moving his sights onto Ethereum - primarily its ERC20 tokens – Song evaluated them as “the wrong tool for the job”, equating the tokens to the printing of money:

 “If you are actually creating some sort of utility token for some sort of distributed service, then that’s the wrong tool because most of the time it’s a decentralized entity trying to capture decentralized value. It doesn’t make any sense. Most of the time, these people are just trying to print their own money and make money off of it. We have a work for that here, it’s called a scam. So I don’t see those things as worth anything.”

The Bitcoin evangelist also took a swing at the Ethereum network:

“Ethereum, I think it’s a platform for these scams and that’s more or less their killer feature. I don’t think it’s technologically very interesting, most of the features that they have done are done in a very amateurish way. Like adding Turing completeness… that’s not used by anybody, it’s stupid.”.

The conversation slowly turned to hardforks, moved back onto Bitcoin cash, and then naturally landed on the topic of Roger Ver, specifically about the (failed) debate Song and Ver partook in back in September.

Yeah, that one…

Song vented his frustrations at Ver’s apparent lack of intellectual discourse:

“That ended up being the big news and it wasn’t at all about the actual argument, which is very typical of any debate with Roger, he doesn’t want to engage at the idea level… He has no interest in any of that, instead, he wants to talk about what books he hasn’t read or others have read. It is the stupidest form of debate ever”.

Read more: One tweet has triggered a huge debate on crypto payments; Jimmy Song vs. Roger Ver: the debate starts before they even set the timers on

Image credit: CryptoPotato

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