Vitalik Buterin Expresses Disappointment in the Crypto Industry

user avatar

by Giorgi Kostiuk

2 years ago

Ethereum co-founder Vitalik Buterin expressed disappointment regarding the 'moral reversal' in the crypto industry, with blockchain casinos as a notable issue.

Buterin's Discontent with Blockchain Casinos

During his AMA session on February 20th, Vitalik Buterin responded to a question about his main frustrations in the crypto sector last year. He expressed discontent with people criticizing Ethereum for not fully supporting blockchain casinos.

Perhaps the most disappointing thing for me recently was when someone said that Ethereum is bad and intolerant because we don’t respect the ‘casinos’ on the blockchain enough, and other chains are happy to accept any application, so they are better.Vitalik Buterin

Ethereum Community's Reaction

Buterin stated he would leave the blockchain space if its members chose the path of 'moral reversal,' which contradicts his fundamental beliefs. He noted that personal interactions with crypto enthusiasts continue to uphold the community's core values, although online discussions are disappointing.

Changes in Ethereum's Funding Approach

Buterin’s statements followed the Ethereum Foundation's announcement of changes to its funding mechanisms. Earlier, on January 20th, community members criticized the Foundation for selling Ethereum to sustain operations. In response, the Foundation deployed 45,000 Ethereum ($120 million) into various DeFi platforms like Compound, Spark, and Aave.

These statements highlight the current contradictions in the crypto industry and the Ethereum Foundation's commitment to developing according to its principles.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Standard Chartered Launches Institutional Custody for Ripple USD

Standard Chartered has launched institutional custody for Ripple USD through its DIFC branch, regulated by the Dubai Financial Services Authority.

user avatarMaria Gutierrez

Samsung Wallet to Launch USDC Remittance Feature

Samsung Wallet will introduce a cross-border USDC remittance feature for eligible US Galaxy users, starting in the final week of October 2026.

user avatarDavid Robinson

Circle and Tereina Collaborate to Enhance Payment Systems with Stablecoins

Circle and SAP-backed Tereina have announced a partnership to integrate USDC and EURC payments into Tereina's enterprise payment infrastructure, starting with SAP Cloud ERP.

user avatarAndrew Smith

FCA Opens Crypto Authorisation Gateway for Firms

The Financial Conduct Authority (FCA) has opened its authorisation gateway for crypto businesses, starting the application period for compliance with new regulations effective October 25, 2027.

user avatarJacob Williams

Visa, BILL, and Billtrust Pilot AI Agents for Invoice Payments

Visa, BILL, and Billtrust have launched a pilot program to use AI agents for automating approved invoice payments through supplier portals.

user avatarZainab Kamara

Visa Introduces Stablecoin-Enabled Prefunding with Inyo Global

Visa has launched its stablecoin-enabled Visa Direct prefunding service in collaboration with Inyo Global, enhancing international money transfer efficiency.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.