Friday, January 27, 2023

Vitalik Buterin Says “I WILL” Leave Ethereum If Immaturity Continues

Vitalik Buterin Says “I WILL” Leave Ethereum If Immaturity Continues

Could Ethereum creator Vitalik Buterin pull a Satoshi Nakamoto by disappearing “into the ether” — as it were? Buterin just admitted it’s a possibility, if rampant immaturity and meme mania continue to dominate the ETH community as opposed to a genuine focus on technological benefits to society at large. 

Also read: Coinbase Reports BTC, ETH Withdrawal Delays With Volume Surge

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Vitalik Buterin: ‘Heed These Words of Warning’

Buterin created Ethereum as a platform upon which developers could build a better future for the world in the coming years. But the 23-year-old Russian-Canadian programmer is growing increasingly frustrated with the pettiness he sees “sloshing around” the cryptocurrency ecosystem in general.

Buterin began airing out this frustration by retweeting a doomfully predictive tweet from early Bitcoin evangelist and software developer Amir Taaki, who called Bitcoin a “failed project.” Taaki wrote:

Adding to Taaki’s points, Buterin laid out his own:

“*All* crypto communities, ethereum included, should heed these words of warning. Need to differentiate between getting hundreds of billions of dollars of digital paper wealth sloshing around and actually achieving something meaningful for society.”

He continued:

“If all that we accomplish is lambo memes and immature puns about ‘sharting’, then I WILL leave. Though I still have a lot of hope that the community can steer in the right direction.”

Some Ethereum enthusiasts’ hearts surely skipped a beat after reading Buterin’s pronouncement here, but to be clear, he was generally voicing his frustration — not literally announcing his imminent departure.

But then again, Buterin’s point is for the community to re-articulate itself before it’s “too late.”

What kind of red line would need to be crossed for Buterin to fade into the background with a sour taste in his mouth is anyone’s guess right now.

Speaking of Hope …

Regarding “hope” and “steering in the right direction,” Ethereum developer Vlad Zamfir just confirmed that Casper — the update that will transition Ethereum from a proof-of-work (POW) algorithm to proof-of-stake (POS) — is almost ready to have its release date announced.

Casper, the friendly Proof-of-Stake protocol.

When asked about the current state of Casper on Twitter, Zamfir just confirmed:

“Current state: good
Release date: soon”

This seemingly puts Ethereum’s POS transition ahead of schedule.

And if Buterin does get a notion to eventually leave, he’d presumably stick around long enough to see Casper fully implemented since POS is relatively unproven compared to POW.

What do you think? Do you think Buterin is just venting his frustration, or would he really leave if it came down to it? Sound off in the comments below.

Images via Financial Post, Consensys

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