Vitalik Buterin: an instrument of the state?
Millions of $ETH are being sold off, not by accident but rather on a whim.
Is Ethereum about to crash, and what part does Buterin play in this?🧵👇
Something's brewing... The huge $ETH sales are being attributed by users to Vitalik Buterin.
Ansem argues in favor of Buterin, stating that making a profit is acceptable and normal.
Who is correct in this instance? Let us dissect it from the beginning.
Let us bypass Buterin's early years and go straight to his 17th birthday.
Buterin's father introduced him to Bitcoin in 2011 when he was this age.
He then came across a person who paid him a sizable sum of Bitcoin in exchange for an article for their blog.
Vitalik Buterin joined "Bitcoin Magazine" as a co-founder and co-author in 2011.
Vitalik was already very interested in the technical and business aspects of cryptocurrencies when the magazine was founded.
He contributed numerous articles to the magazine.
In 2013, Buterin became more immersed in the crypto world and realized that Bitcoin was far from perfect.
He developed and proposed his version of a blockchain called Ethereum, which would be faster and technically superior to Bitcoin.
During the ICO in 2014, the project raised $18 million in investments.
Early investors bought around 66% of the total token supply.
As for Vitalik Buterin, he still holds approximately 275,000 ETH from the original crowdfunding campaign.
By 2015, the first version of Ethereum was launched.
This allowed developers to experiment and run tests with smart contracts.
Since then, the Ethereum blockchain has continued to evolve and remains one of the leading blockchain platforms today.
As for the FUD around the $ETH sale?
The accusations against Vitalik Buterin stemmed from his recent sale of $ETH worth $2M, with people claiming it could negatively affect the price.
Others went as far as criticizing Buterin for not explaining himself to the community.
However, Vitalik Buterin did eventually comment on his actions.
He explained that all the money from the sale was directed toward funding various projects.
He emphasized that money doesn’t interest him—it’s merely a tool for funding or charitable purposes.
While everyone was busy criticizing Buterin, Ansem, on the other hand, supported him, saying that taking some profit is perfectly normal.
Additionally, Vitalik Buterin stated that all the proceeds would be donated, either to support public goods in the Ethereum ecosystem or to broader charitable causes.
Money truly doesn't interest him when you look at it from a rational perspective.
Think about it...
If you think Buterin's $2M sale is critical, then maybe it's time to leave the crypto space.
It’s as if he’s expected to keep his funds forever in his wallet.
Especially since the money was directed toward supporting projects and charity.
That's it for today, folks.
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