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

Bybit Confirms Support for Avalanche v1150 Upgrade

Bybit has confirmed support for the Avalanche v1150 upgrade, ensuring continued compatibility for AVAX users.

user avatarTomas Novak

Bybit Launches OURAUSDT Pre-IPO Perpetual Contract

Bybit has launched OURAUSDT, a pre-IPO perpetual contract, allowing leveraged trading on Oura's implied valuation before its public listing.

user avatarKaterina Papadopoulou

Binance Expands Use of Tokenized Stocks for Margin Utility

Binance has introduced a new feature allowing users to use eligible bStocks as collateral in its MultiAssets Mode.

user avatarMaya Lundqvist

Binance Introduces 24/7 Foreign Exchange Perpetual Contracts

Binance has launched a new trading model for 24/7 trading of foreign exchange perpetual contracts, starting with a contract linked to the US dollar and Brazilian real.

user avatarLeo van der Veen

Ondo Finance Streamlines Institutional Stock Tokenization

Ondo Finance has introduced a new integration that simplifies the process of institutional stock tokenization by allowing direct contribution of existing equity inventory.

user avatarLi Weicheng

Investigation into Zondacrypto Founder’s Disappearance Intensifies

The investigation into the disappearance of Zondacrypto founder Sylwester Suszek has intensified as Polish police search a fuel depot linked to his last known whereabouts.

user avatarTenzin Dorje

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.