Key Words: Ethereum founder to crypto fans: Grow up

By

Social media editor & Drone Reporter

The co-founder of Ethereum has a message and a warning for the cryptocurrency community: cut out the “lambo memes and immature puns.”

On Wednesday, Vitalik Buterin ranted on Twitter about how discussions among cryptocurrency traders and fans appear to be taken over by immature jokes and memes, and are increasingly focused only on wealth.

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

He followed that up with another tweet that said, “If all that we accomplish is lambo memes and immature puns about ‘sharting,’ then I WILL leave.”

It’s not clear exactly what Buterin meant by saying “I will leave.” Buterin did not as yet respond to a request for comment.

Related: 7 cryptocurrencies to watch in 2018 if you’re on the hunt for the next bitcoin

Buterin is a Russian-Canadian programmer who co-founded Bitcoin Magazine and in 2013 published a white paper describing ethereum. The current market cap of ethereum is $69.71 billion, and the currency is up more than 10,600% since the beginning of the year. It’s the second largest cryptocurrency in the world behind bitcoin, which has a market cap of $238 billion, according to CoinMarketCap.

This isn’t the first time he’s been publicly critical of certain elements of the cryptocurrency space. In November, he said at a developer conference that some ICO models are like “voodoo economics.”

Bitcoin BTCUSD, +1.84%   has mostly hogged the spotlight this year, but Ethereum has come into focus recently after a sharp run-up. Bitcoin tumbled more than 9% on Thursday, while Ethereum fell 5%, according to CoinDesk, on news that South Korea had announced tougher measures to crack down on cryptocurrency trade.

Filed in: Top News Tags: 

You might like:

Key Words: ‘Game of Thrones’ star Emilia Clarke ‘nearly lost my mind and then my life’ Key Words: ‘Game of Thrones’ star Emilia Clarke ‘nearly lost my mind and then my life’
The Fed: Stephen Moore, Trump’s pick for Fed, will be lightning rod for president’s opponents The Fed: Stephen Moore, Trump’s pick for Fed, will be lightning rod for president’s opponents
Trump Today: Trump Today: President says he’ll tap Moore for Fed as he weighs tariffs on autos Trump Today: Trump Today: President says he’ll tap Moore for Fed as he weighs tariffs on autos
Outside the Box: 9 reasons why the housing market risks hitting a perfect storm Outside the Box: 9 reasons why the housing market risks hitting a perfect storm
Market Snapshot: Dow sinks more than 300 points as bond market flashes possible recession signal Market Snapshot: Dow sinks more than 300 points as bond market flashes possible recession signal
Futures Movers: Oil pulls back, with prices giving up a weekly gain Futures Movers: Oil pulls back, with prices giving up a weekly gain
Key Words: How to tell if you are a ‘snowplow parent’ Key Words: How to tell if you are a ‘snowplow parent’
This startup seeks to identify water problems before they become crises This startup seeks to identify water problems before they become crises

Leave a Reply

Submit Comment
© 2019 Stock Investors News. All rights reserved. XHTML / CSS Valid.