BUTERIN THREATS WITH RETIREMENT IF CRYPT COMMUNITY DOES NOT STOP DISTRACTING WITH PRICE GAMES

gris-lara (40)in #cryptocurrency • 7 years ago (edited)

The ecosystem of cryptocurrencies has been in the spotlight of all during this year due to the enormous increase in prices and capitalization of markets. However, for some influential personalities in this space, it seems wrong that it is financial speculation that attracts new participants to adopt cryptocurrencies.

One of them is Vitalik Buterin, founder of Ethereum, the largest platform in market capitalization after Bitcoin, recognized for facilitating the innovative technology of smart contracts. Buterin, 23 years old, yesterday expressed his disagreement with some events and behaviors that he is witnessing in the crypto community, since in his opinion he is acting immature playing with money instead of understanding and promoting the revolutionary technology what is blockchain.

Commenting on a comment made by Amir Taaki, cryptoanarchist and Bitcoin evangelist, in which he claims that Bitcoin is becoming a failed project due to the blindness of the community for the increase in capital gains, Vitalik asked to pay particular attention to that call of attention.

"All cryptocommunities, including ethereum, should hear this wake-up call. They must differentiate between earning hundreds of billions of dollars and achieving something significant for society "

"If all we can do is create Lambo memes and make jokes about sharting, then I'll throw in the towel. Even so, I have high hopes that the community will rectify, "he said, referring to an eschatological Anglicism linked to having expectations with the financial bubble of the cryptoactives.

In the thread of answers, a question about the use that many inhabitants of countries with economic problems make of the cryptocurrencies to protect their savings, motivated Vitalik to assure to agree, but that is disappointed that the main page of reddit Bitcoin ( r / bitcoin) have more price discussions than how to help Venezuela, for example.

Ethereum has increased its price by 8.500% per cent during this year and also served as a platform for hundreds of Initial Currency Offers (ICO), events that filled the advertising pages of many media and contributed to the launch of various projects based on different approaches in blockchain, being a renewal format for fundraising thanks to the ERC-20 chip issuance protocol; the most successful, those of Filecoin, with a total of 257 million dollars collected, followed by Tezos with 232 million and Paragon with 183 million dollars.

In total, the capitalization of the cryptoactive markets went from being worth $ 18 billion dollars at the beginning of the year to closing at close to $ 563 billion, as reflected at the time CoinMarketCap. All in all, the revolutionary change that blockchain technology offers to everyday life goes much deeper than personal enrichment and finances.