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:

Gifts That Pay Off: This crafty gift can save you money, help you start your own business, or just make a T-shirt Gifts That Pay Off: This crafty gift can save you money, help you start your own business, or just make a T-shirt
Peter Morici: GM shareholders — not Trump— should be calling for Barra’s head Peter Morici: GM shareholders — not Trump— should be calling for Barra’s head
Tax Guy: The new tax law is nothing but good news for married couples with larger estates Tax Guy: The new tax law is nothing but good news for married couples with larger estates
Love & Money: How long-distance love can survive — without breaking the bank Love & Money: How long-distance love can survive — without breaking the bank
London Markets: FTSE 100 down, as retail sector shaken by ASOS profit warning London Markets: FTSE 100 down, as retail sector shaken by ASOS profit warning
Asia Markets: Asian shares struggle ahead of meetings by Fed, China’s economic policymakers Asia Markets: Asian shares struggle ahead of meetings by Fed, China’s economic policymakers
NerdWallet: Your days of itemizing tax deductions might be over NerdWallet: Your days of itemizing tax deductions might be over
Key Words: Russia used every major social network to aid Trump, report finds Key Words: Russia used every major social network to aid Trump, report finds

Leave a Reply

Submit Comment
© 2018 Stock Investors News. All rights reserved. XHTML / CSS Valid.