December 2020
Intermediate to advanced
256 pages
5h 10m
English
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11
Initial CoinInsanity
On June 25, 2017, news raced around social media that Ethereum creator Vitalik Buterin had died in a car crash. Speculators panicked. Prices fell 20 percent, lopping $4 billion off Ethereum’s value in hours.
The next day, a tweet from Vitalik himself went viral. The tweet showed a photo of him, very much alive, holding up a piece of paper with the number of a newly mined block in the Ethereum blockchain and a figure, known as a hash, that had just unlocked the block. Vitalik’s tweet was the blockchain equivalent of a hostage holding up a daily newspaper as proof that he was alive. The picture proved Vitalik was not dead. The price of Ethereum bounced back up.
The car wreck story was a hoax perpetrated by trolls on the ...
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