EDITORIAL – “Cryptocurrency War?: Ethereum and NEO” by David Sharper

EDITORIAL – “Cryptocurrency War?: Ethereum and NEO” by David Sharper


Weekly Editorial


On August 1st Bitcoin Cash became a reality and with its successful yet volatile integration, a cryptocurrency bull market has begun. With a major focus on Bitcoin as it hits new, all time highs combined with a renewed look at NEO (referred to as China’s Ethereum by many) and the many ICO’s on the Ethereum network lately, Ethereum itself has been out of the limelight.

Bitcoin Cash surpassed its market cap once before withdrawing slightly.

Before we get into the article, here are a few things to know. I may abbreviate cryptocurrencies that I mention to symbols which they trade by (For NEO, I believe the trading symbol is NEO).

Bitcoin Cash=BCC

This week I will ask you to note a lot of things and concepts. This editorial might not be like the other two I wrote.

Below are a few charts which will help to demonstrate what’s been occurring over the last month.

Bitcoin-Charts-high-300x260 EDITORIAL - "Cryptocurrency War?: Ethereum and NEO" by David Sharper

Bitcoin has been a surging since a successful August 1st fork. It has been leading a huge bull market in the cryptocurrency realm.

Ethereum-Charts-1024x887 EDITORIAL - "Cryptocurrency War?: Ethereum and NEO" by David Sharper

Ethereum is starting to go up now but compared to Bitcoin it hasn’t been the most lucrative crypto on the market.

Bitcoin-Cash-Charts-1024x887 EDITORIAL - "Cryptocurrency War?: Ethereum and NEO" by David Sharper

Bitcoin Cash, on the other hand, also has huge volatility and still has a large amount of value, especially for being less than a month old.

NEO-Charts-1024x887 EDITORIAL - "Cryptocurrency War?: Ethereum and NEO" by David Sharper

NEO was recently renamed from AntShares. Around this time it began a huge surge. Many refer to it as China’s Ethereum. In this article we will be looking into why it has jumped so much from just two weeks ago.

Okay so let’s examine what exactly is happening with NEO.


Basically, NEO is now using smart contracts (which Ethereum uses) in a slightly different way. NEO developers can use many programming languages in order to make contracts versus Ethereum which only has one option (Solidity).

NEO also received a technical patent for “cross-chain distributed interoperability.”

I can’t give you an exact technical definition that is completely understandable. Based on my research I’ve realized that it basically is enabling a transaction to occur on multiple blockchains without a third party. It’s a bit complicated. NEO also has some new partners including Bancor, Agrello, Coindash, Nest Fund, and Binance. Supposedly, there are some more deals in the works.

Anyway, based on all of this, NEO could potentially be a better version of Ethereum. NEO is also dedicating time to working on an ICO network which might answer some of the issues of the Ethereum network. NEO is supposedly working on a smart economy and a platform for ICO’s in China as well. I don’t know if that should panic Ethereum investors. But, maybe putting some money in NEO would be a smart idea for a balanced cryptocurrency portfolio. I can’t recommend it necessarily but I believe it’s worth learning about. That’s why I’m dedicating an editorial to it.

My knowledge on it is not as strong as it should be but with my research for this article and based on the places where I read about cryptocurrency, my knowledge is beginning to catch up with other experts. Again, many people are going through this new curve. It’s now in the Top 10 Market Caps for cryptocurrencies. The point is, it’s becoming a big deal.


Fortunately for Ethereum owners and investors, Vitalik Buterin (Ethereum founder) is coming back right now and is working on a few things which might propel Ethereum back into offense in the cryptocurrency market.

Vitalik and his co author Joseph Poon just released a new white paper which can potentially fix the smart contract and network issues which Ethereum faces. Vitalik and the CEO and Co-founder of AngelList Naval Ravikant are attending a Techcrunch event in San Francisco, CA to discuss Ethereum. The Enterprise Ethereum Alliance ( a nonprofit launched February 2017) which has members such as BP, JP Morgan, Microsoft, and about 30 more companies recently had a Town Hall meeting to discuss Ethereum.

This isn’t necessarily because of NEO but I see it as a response. Ethereum is showing it’s cutting edge technology off as well as its huge base of corporate supporters.

That’s why I see a “war” of sorts unfolding between Ethereum and NEO.


I talked a lot about Vitalik Buterin but I haven’t talked much about NEO’s founder Da Hongfei. Unfortunately, there is not much personal information about him.

All I can say is that he is involved in a potentially life changing technology.

Now that you know a bit about NEO, I’ll segway into more information about the Ethereum ICO network.

Ethereum ICO Network

The Ether network allows anyone to launch an ICO (Initial Coin Offering-like an IPO for cryptocurrencies) on its network. The issue with this proposition is the lagging which the network has been experiencing lately due to the surge of ICO’s lately. As each successful ICO occurs, it has been slowing down the network and devaluing Ethereum while it is launching. This is a huge issue which NEO is attempting to correct.

This backlog is also preventing Ethereum from being as widely used as it could be. I think that if/once the network is straightened out, Ethereum will become much more mainstream. As I said earlier in the editorial, there are many large corporate supporters. If the network is fixed before NEO can take the bulk of its market share (I think it is likely that Vitalik and ETH’s developers will correct this issue before NEO starts taking the bulk of ETH’s market share) then it has a good chance of maintaining its large market cap.

Also note that there are other players with smart contracts and ICO networks.

One more thing, as you have hopefully seen, nearly anyone can launch a token for nearly any reason. You could read up on some of the technical and legal aspects and create a token of your own. If you have questions about this or questions about other parts of cryptocurrency, any comments, or with questions about business send an email to dsharpercrypto@gmail.com. Note that my disclaimer applies to all email correspondence. In the future I would like to post questions and answers from the readers (with their permission, of course).

Now that I’ve laid the information out that pertains directly to this week’s topic, I would like to add a little bit of info on a different but extremely important and connected topic. That is the question that many have posed, “Is it too late to invest in cryptocurrencies?”

Bitcoin closed at over $4,000.00, $4093.11 in fact,  today (August 12th 2017). With this large gain over the last few weeks, I stop think about this question and I get asked this question more and more.

(In the time I was working on finishing the last edits of this article bitcoin reached $4108.79. This another chart, again for a month. It amazes me every time I look at it. That is why I can see the argument that identifies a bubble. Going up over $1,700, or a little over 41% in a month is a little bit quick.)

Bitcoin-Charts-flat-1024x887 EDITORIAL - "Cryptocurrency War?: Ethereum and NEO" by David Sharper

In my opinion, the answer is no. It is not too late to invest in cryptocurrencies. That is not because I do not see some signs of a potential bubble in bitcoin. It is because I know that there are many good altcoins out there and there is potential for bitcoin to continue going up, later if not now. On the 13th of August 2017 (the day this will likely be published) I would not be shocked if bitcoin continued its ascent and reached $4,100-$4,200 or more. But, I could see the inverse occur, namely a pullback. Who knows, it could have an even day. The point is that is important to be careful and mindful while buying, selling, and or trading bitcoin and other cryptocurrencies.

So, it is not necessarily too late to invest in cryptocurrencies. This week I have not taken the most popular stance on cryptocurrencies. I have said that a bubble could be beginning and is probably already been happening. Even if I am correct, the purpose of crypto currencies stays the same. I still see opportunities in the crypto world. Excuse the slightly sombre tone as I answer this question.

I keep saying it but please note the following. Bitcoin might be just beginning a long bull market/bubble. It could go to $5,000.00 or $10,000.00 before pulling back. The scary thing and fun thing about it is, no one knows exactly what the future holds.

For those who do not invest more than they can afford to lose, it can be a potentially volatile ride but not one that is not slightly fun and informative. Losing money is not fun (it is not for me and for most people). No matter what it can be enjoyable to learn about cryptocurrencies if you like what they were built for and are doing so from a strong position.

Anyway, to conclude the editorial I would like to leave you with an inspirational or at least interesting couple of  stories. You may have heard of these already, some are better known than others. I read this while I was researching Vitalik Buterin, partly for the future of this editorial and partly out of my personal curiosity.

Vitalik Buterin, who also founded a publication about bitcoin (Bitcoin Magazine),  wrote articles about bitcoin for $3.50 (5 bitcoin then). That business shut down a little while after he started because too few people were interested in bitcoin. That pay would now equal over $20,000.00.

I heard this story awhile back when I first got into the crypto world.

On one of the bitcoin forums, someone posted an offer to buy pizza in bitcoins. It was about $30.00 at the time. I got this from ABC who quoted the original post.

“I’ll pay 10,000 bitcoins for a couple of pizzas … like maybe 2 large ones so I have some left over for the next day. I like having left over pizza to nibble on later. You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I’m aiming for is getting food delivered in exchange for bitcoins where I don’t have to order or prepare it myself, kind of like ordering a ‘breakfast platter’ at a hotel or something, they just bring you something to eat and you’re happy!” the post read.”

“He continued: “I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc.. just standard stuff no weird fish topping or anything like that. I also like regular cheese pizzas which may be cheaper to prepare or otherwise acquire. If you’re interested please let me know and we can work out a deal.”

(Link: ABC)

As of writing, that is worth $41,000,000.00.

A final story is one which I heard about the following. Basically, someone purchased a mansion in California with bitcoin, and, by the time they closed on the home, bitcoin has jumped up so much that the buyer was able to buy a Ferrari as well with the same amount of BTC.

You never know with the crypto market….you never know.


“What I’m trying to say is, I’m not telling you what you should and shouldn’t do, and don’t assume I am. “What I write is not financial advice as I am not licensed in any way or in any jurisdiction. As such, what I write in this column and anywhere else is solely for learning and entertainment only. My mission, instead of advising, is to attempt to inform you, the average person. Also, I will attempt to provide an interesting source for Bitcoin enthusiasts who want to reinforce their knowledge. I look forward to shedding light on the latest in a space which is constantly changing and growing.”

Thanks for reading,

David Sharper

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About Article Author

David Sharper
David Sharper

David Sharper is a Bitcoin enthusiast well versed in finance, social media, politics, and cryptocurrencies. This unique blend of experiences and areas enables David to take a unique approach to cryptocurrencies. As a cryptocurrency consultant and author David has worked with clients looking to invest in, learn about, and launch cryptocurrencies and cryptocurrency businesses. Areas of knowledge include the mining of cryptocurrencies, the basic hardware of crypto currencies, as well as crypto currencies storage and wallet solutions. He is also versed in cryptocurrency exchanges and where cryptocurrencies can be purchased and traded. His goal is to expose Bitcoin and its predecessors to those who are seeking to learn.

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