Bitcoin bull Michael Saylor: I won’t invest in ether until development is complete

Bitcoin bull Michael Saylor seems to have a lot of opinions on Ethereum recently. In the past two weeks, he said bluntly that “Ethereum is obviously a security”. Recently, he began to question the technical development and ethical soundness of Ethereum, and said that in the He will not invest in ether until ethereum is finished developing.

Michael Saylor, founder and CEO of business intelligence software company MicroStrategy, gave a speech at the Blockchain Economy Summit via video link on Wednesday, detailing his views on ethereum.

Michael Saylor believes that there is still a lack of judgment on whether Ethereum can stand the test of time, which has led to concerns about the technical reliability and security of Ethereum.

He explained that assessing Ethereum’s “technical soundness” would mean that people would have to see the actual functionality of the protocol in 5 to 10 years, but Michael Saylor believes that is still impossible to verify because Ethereum There are still hard forks and changes to the protocol, but in his view, every time Ethereum undergoes a large-scale upgrade, it is equivalent to introducing a new attack surface, and for investors, this kind of inconvenience Certainty carries certain risks.

In addition, Michael Saylor also expressed doubts about the “ethical soundness” of Ethereum. He says:

By “ethical” I mean that I need to know that “no one can change Ethereum”, which includes Vitalik Buterin. I need to know that no one at the Ethereum Foundation can change the protocol, otherwise, Ethereum is a security, so there is no way that Ethereum will become a global currency.

Ethereum co-founder Vitalik Buterin said last week that the development process of Ethereum is basically 40% complete, and a roadmap of 3 to 4 years has been drawn up, but Michael Saylor believes that this means “Ethereum is in the future. It doesn’t seem like it’s going to be developed or stabilized for 36 months.” He continued,

As an investor, I want to know when it will finish development, I want to see technological progress…. I don’t think I will invest in ether until the development team stops making changes (to the ethereum protocol).