TL;DR
- Vitalik Buterin, co-founder of Ethereum, has taken a direct approach to the criticism regarding the ETH sales conducted by the Ethereum Foundation.
- Over the past week, he has stood out on the platform X, dominating the “KOL mindshare,” which reflects his influence in discussions about cryptocurrencies.
- Buterin emphasized that the revenue from ETH sales is crucial for funding the network’s development and called for respect from his critics.
Vitalik Buterin, co-founder of Ethereum, has adopted a more forceful stance against the criticism directed at the Ethereum Foundation and its practice of selling ETH.
During the past week, Vitalik has gained significant prominence on the platform X, dominating the “KOL mindshare,” reflecting the relevance of his voice in discussions about cryptocurrencies. However, the context of this recognition is not positive, as the Foundation has faced increasing scrutiny over its ongoing sales of ETH.
bro the ETH foundation is paying researchers and devs that are responsible for
(i) ethereum not bleeding 5M ETH/year to proof of work
(ii) your fees being low today
(iii) your txs getting included in < 30s instead of like 1-30 min (eip 1559)show some respect
— vitalik.eth (@VitalikButerin) October 26, 2024
In response to the concerns raised by critics, Vitalik has published an extensive statement explaining that the revenue generated from ETH sales is fundamental to fund the developers and researchers who maintain and improve the Ethereum network.
Furthermore, he highlighted that the work of these professionals has been crucial in ensuring the network’s continuous operation since 2016, as well as implementing essential features such as including transactions in less than thirty seconds and offering low fees. Buterin also addresses the development of privacy features through zero-knowledge proofs, which are becoming increasingly relevant in the current cryptocurrency environment.
Vitalik Buterin Calls for Respect for the Project and the Foundation
Vitalik also made a direct appeal to his critics, urging them to “show some respect” for the efforts of the Ethereum community. As the network faces a period of uncertainty, marked by the low performance of the ETH price compared to other cryptocurrencies like Bitcoin and Solana’s scaling plan, the co-founder has intensified his presence on social media, especially on X, to address the growing fear, uncertainty, and misinformation (FUD) surrounding Ethereum.
In recent days, Buterin has been actively promoting Ethereum’s technological roadmap, which includes key development phases such as “Merge,” “Surge,” “Scourge,” “Verge,” and “Purge.” These initiatives are designed to improve the network’s efficiency and scalability, and Buterin has shared his observations on how these phases may influence Ethereum’s future
