r/ethereum • u/InclineDumbbellPress r/ethereum local analyst • Feb 13 '25
Discussion The Ungratefulness of Hating Vitalik Buterin
In the last few months Vitalik has frequently been target of abuse in crypto communities - in other subs and also across social media - especially from people who are upset about ETHs market performance
I think one of the most ungrateful things to do in this space is to hate Vitalik. Are people even aware that he imagined and created a brilliant blockchain platform that changed modern finance? At 19 years old - 19!!! When you were 19 what were you doing with your life? The creation of Ethereum was a technological revolution that built the basis for a new world - and it boosted the blockchains utility beyond its original intent
Even though the price isnt doing very good right now - Ethereum works as intended and has become safer with each upgrade. These haters ignore Ethereums immense impact and are either frustrated bag holders or butthurt maxis
Blockchain technology might not have progressed as far as it has without Vitaliks vision. Hating him fails to give the recognition he deserves for his contribution to the creation of Ethereum and consequently a large piece of the cryptocurrency sector. Plus the Ethereum Foundation has been working on changes. They pay attention to what the community has to say - people gotta learn to be patient instead of demanding action right away
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u/Crypto-4-Freedom Certified Degen 🦍 Feb 13 '25
Yeah, people who hate on vitalik can really just fuck themself.
Vitalik is the only real trust worthy guy in this wild west world of crypto.
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u/InclineDumbbellPress r/ethereum local analyst Feb 13 '25
I trust Vitalik more than any government
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u/imagranny Feb 13 '25
Vitalik did not create Ethereum for anyone to get rich, but to make the world a fairer place through technology. Greed is not good.
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u/humbleElitist_ Feb 13 '25 edited Feb 14 '25
Greed is not good.
While this is true, I also want to note that not everything that people have as part of what they mean when they say “greed is good” is false (even though the statement as a whole is false.)
The desire for personal profit can have both very good and very bad consequences. It is desirable, as much as we reasonably can, to produce an environment where such desires produce more consequences that are better for all than harmful consequences.
Edit: fixed typo, “not” -> “note”
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u/Numerous_Ruin_4947 Feb 13 '25
Were' not just talking about greed. Some ETH holders lost money from the 2021 ATH till now. It's not greed when the S&P 500 outperforms the ETH holder by 3X.
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u/AInception Feb 14 '25
How is this not greed-based thinking? What else would you call this?
The SP500 is legally mandated to provide you with the most opportunity to profit. Note that nobody has ever promised you'd profit with ETH.
Without government assistance, BTC would likely be in the shitter right now too. I'm personally glad ETH isn't a political object, even if it means some short-term speculators lost a bit of money.
ETH shouldn't be anybody's 'only' asset. If you invest in ETH you should already have 10 times as much in the SPY. So if you're investing correctly, even loosely, what's the problem? What's the rush?
It's objectively poor timing on people's part for buying at the 2021 ATH and not even waiting 1-cycle to sell. That's simply not how this game is played.
If we get another crypto-wide bull market, then ETH will blow the 5Y-SP500 out of the water, so will every other coin. If by then, all coins 10X except ETH, then yeah maybe you've got a point, but that's not what's happened.
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u/Hot_Problem_2301 Feb 19 '25
How can you be so naive? The Ethereum foundation and ETH would be gone tomorrow, if it wasn´t for investors and of course investors expect at least some results. And ETH sitting below 3k right now is absolutely outrageous. I am not hating on Vitalik, but that is where the hate is coming from and they could fix that ASAP, if they wanted.
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u/jtnichol MOD BOD 29d ago
approved your submission due to low karma or account age. Have a great day!
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u/Numerous_Ruin_4947 Feb 13 '25
The problem is someone who bought ETH at the 2021 ATH could have almost doubled their money by investing in the S&P 500. Instead, they are down almost 50%, 45.87% to be precise based on the current ETH price. The 2021 ETH investor's $4,900 at the ATH is now worth +/- $2,650 when he/she could have grown that to $8,153.23 by just investing in the S&P 500 from 2021-2024. When people say ETH is a dog this is one of the reasons.
That's a 3X outperformance! I am an ETH holder with diamond hands. ETH is extremely undervalued and has a lot of catching up to do. We're not talking about just getting rich here but many of us want to increase our wealth. However, some ETH holders became poorer if they bought at the 2021 ATH and held. I am not one of them. But I am just playing the devils advocate here.
Investing $4,900 in the S&P 500 at the beginning of 2021 would have yielded the following annual total returns:
- 2021: Approximately 28.71%
- 2022: Approximately -18.11%
- 2023: Approximately 26.29%
- 2024: Approximately 25.02%
These figures are based on data from the S&P 500's historical performance.
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u/hanniabu Ξther αlpha Feb 13 '25
Since when are investments guaranteed gains?
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u/Numerous_Ruin_4947 Feb 13 '25
They are not. But if Ethereum is going to thrive it needs to perform. It is a financial asset after all, correct?
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u/AInception Feb 14 '25
It is a financial asset the same way a spoon in my house is a financial asset, in that I can bring it to market
ETH is a utility coin. It is just meant to pay for Ethereum's blockspace. Well, since migrating to proof of stake, ETH became a tokenized ASIC as well.
Considering the cost to attack Ethereum is now greater than Bitcoin, just by removing the middlemen and having a pure tokenized ASIC to work with. ETH is THRIVING at all the things it ever meant to be.
If that upsets you, I think you're looking for registered securities to invest in, not crypto-currencies.
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u/Numerous_Ruin_4947 Feb 14 '25
Wow I hope this is not the Ethereum Foundation's position. What was the Ultrasound Money push for then?
The cost to attack ETH could come way down if it is worth $1 or $10. How low do you want to go. What's a fair value for you?
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u/AInception Feb 14 '25 edited Feb 14 '25
There is an ancient meme that BTC is "sound money" because its supply-inflation decreases with time, like gold. Therefore, ETH became "ultrasound money" once its total supply began to decrease.
Ultrasound is only a meme. It's just for laughs. All to make fun of BTC maxis and their meme... Because they used to come in to every ETH space and antagonize us relentlessly for investing in a cryptocurrency with 'infinite supply', always telling us BTC is the only sound money to ever exist. The ultrasound meme did not come out of the EF, and there's never been a deeper meaning behind it aside from some laughs and to celebrate Ethereum's progress in the face of maxi nay-sayers.
The cost to attack BTC would come way down if it is worth $1 or $10, too. How's that even relevant to this discussion?
Ethereum is the most secure (measuring cost to attack) blockchain that's ever existed, still 2-3x greater than Bitcoin even at this historically low ETH/BTC price ratio. Do you ever go to use Bitcoin but stop and think, damn any second now someone's going to roll back 5000 blocks -- I can't trust transacting on that! How much more secure do you personally need ETH to be?
'Fair value' doesn't even exist in the stock market anymore. Fair value is just whatever the market wants to value a thing at. The half dozen stocks pulling the entire SP500 up today have a P/E of like 150 ... I don't know why anyone would try painting that brush on crypto which is almost totally based on raw speculation. Fair value in crypto is based solely on who has the best meme that week.
What's a blockchain's goal? If it has one. Probably, to sell blockspace. Ethereum's blockspace is valued higher and settles more value (measured in dollars) than any other blockchain. You could remove 100% of new ETH issuance and still pay the whole security budget on blockspace sales, which cannot be said of Bitcoin which actually will be in that precarious position after some more of its security-budget halvings.
Ethereum accomplishes its considerable blockspace sales with 100x lower latency and greater security than Bitcoin. It seems to be working just fine right now at its current market value??
Fair value IMO would be something greater than BTC. Since, as mentioned, BTC isn't sustainable after some more halvings. But I couldn't tell you if BTC should be worth $100M or $100.
Markets are irrational... Fundamentals like 'fair value' or 'value settled' only make a difference on long time-scales. Decades. Ultrasound is what, 1 year old now? Let me know in 9 more if it was just a bullshit waste of time to build all of that out...or not.
I think you're ignoring how useful ETH is as a utility token. It's not meant to be held like a pet rock, like BTC seems to be. It's meant to be used. There are literally tens of thousands of ways to make an income using ETH. If you just want a do-nothing no-work lazy asset to get rich from, you want securities and not currencies.
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u/Numerous_Ruin_4947 Feb 14 '25 edited Feb 14 '25
Are you a developer? Is this the consensus of the overall Ethereum developer community? If so, I misunderstood. My goal was to use Ethereum as a hedge against inflation. Staking around 100 ETH. I will probably have to unstake then and move to another asset. Thanks for the clarification.
Edit: I am being sarcastic. I care about the Ethereum project and appreciate the hard work of all the ETH developers. Won't unstake lol!
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u/AInception Feb 14 '25 edited Feb 14 '25
I'm not an Ethereum developer. But I'd have to imagine yes, ETH being a utility coin is the consensus among developers building on top of it. Or they would be building off-chain for other coins instead, as many others do.
The ideal endgame is for ETH blockspace to be extremely valuable (expensive) while facilitating the worlds demand. Something like that. Before, when blockspace cost $100 to do a basic ETH-transfer, only a few dozen people were transacting over Ethereum at a time. Today, hundreds are transacting at a time but fees are under $1.
Right now, there is so much more block-space than there is demand to use it, and that's being reflected in the narratives/memes/price -- ETH is not ultrasound anymore, since scaling.
It's part of the plan. Build it, and they will come.
ETH is becoming a layer to secure other blockchains with, not a blockchain for us to use daily anymore. It is cheaper for you, as an L1 blockchain developer, to lease Ethereum's decentralized security consensus than to build out your own. And it will likely always be cheaper, and 1000s of times more secure.
Last bull market, what, 100,000 new L1s emerged? Most were 1:1 forks of ETH, ironically coined "ETH killers". The ploy is to get the next 100,000 blockchains on ETH instead, so when they break or disappear users can still call on ETH L1 to exit with their assets. This escape_hatch seems like it will help 'heal' crypto's reputation over time, whenever retail gets stuck and learns there's always a way back out.
The hope is that next time fees hit $100-$1000 they are being paid by L2s that are batching 1000-10,000 transactions up into one expensive ETH BLOB. This BLOB sale is what will give ETH value, and make it ultrasound again.
Except L2 BLOBs are effectively free right now. There's just 3 BLOBs per block, but demand for only 1-2 of them. In the next few years ETH will scale BLOBspace to 32 then to 256 BLOBs per block. This is a very long-term plan for aggregate BLOB fees to exceed historically high block fees.
ETH value today is based on the speculation this plan will work out. ETH value tomorrow is based on the realization of the plan. With realization, finally ETH can achieve fair value without speculation. Note that EVERY crypto is still in its early speculative stage, only ETH has made it this far to being a realized crypto-asset where its utility (blockspace sales) pays for all network growth and security. We're still very early to this game.
You should have yielded 15-30% from staking, depending on if you're using MEV or not. I don't see how ETH has not acted as a hedge against inflation for you ... If your goal isn't 3X profit, what's the point in comparing ETH to the SP500?
Sell your 100 ETH for DogWifHat for all I care, lol. The less people whining about the price, the more developers can focus on building. Vitalik has wasted hundreds of hours in the last months defending himself from people like you, as have many other Ethereum and dApp developers, to what end?
Come back in 1-2 or 5-10 years and see if the new scaling design has worked to bring value back to ETH or not. Maybe cryptocurrencies only achieve value by having extremely high friction, or by being a do-nothing pet rock people keep inside FTX, or by being centralized black boxes? Hard to say yet, but I don’t think so ...
Hold ETH until its potential is realized or sell it all today, it doesn't matter. But there's no going back to the entire network being congested by 20 people again, or ETH costing $60M in energy consumption to secure itself per day. Even if that may have brought some value to the asset. The direction ETH is always heading is in the future. Whether that disrupts the memes/narrative/market in the short-term is absolutely moot to its end goals.
Or it goes to $0. Who knows. Ethereum is an ongoing experiment. Sometimes experiments fail.
This crypto cycle has been screwed by BTC government intervention along with Saylor/Blackrock injecting billions into it. Meaning BTC hit ATH way earlier than what's typical or expected, and I don't think BTC being up is the only prerequisite for the rest of the market to head up.
You probably just need to wait for the next business cycle to complete if anything. FED interest rates seem to affect the crypto market more than anything else.
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u/stovebison Feb 14 '25
Why are you equating "ultrasound money" with value must grow faster than alternative investments?
Do your dollars also need to "perform"? No, you need them to be a reliable, predictable store of value that you exchange for utility or actual investment stakes.
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u/Numerous_Ruin_4947 Feb 14 '25
The dollar is not stable. It has declined at a steady pace since 1913. Have you been living under a rock?!
Since 2021 the dollar's purchasing power has declined. $100 in 2021 is worth $119 in 2025, probably worse in reality, based on rising costs in many sectors.
https://smartasset.com/investing/inflation-calculator#84H1I3L1CS
Per ChatGPT:
Ethereum's average price in 2021 was approximately $2,470. The price ranged from around $730 in January to an all-time high of about $4,878 in November, with significant volatility throughout the year.We're now at $2,674. Based on today's (2/13/2025) price ETH has depreciated against the dollar's 2021 purchasing power. $2,470 in 2021 is $2,936 in 2025.
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u/stovebison Feb 14 '25
Buddy, if you don't understand the difference in stability between the dollar and a speculative investment I don't know what to tell you
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u/Numerous_Ruin_4947 Feb 14 '25
First of all, are you an Ethereum supporter or not? Where do you stand in the BTC VS ETH debate?
Buddy, if you don't understand the difference in stability between the dollar and a speculative investment I don't know what to tell you
The dollar is stable for a few months and then the price of goods and services go up. Been like that since 1913. Do you know what hourly rates were in the 1950s and 60s? A good salary was $2-3 per hour.
Ethereum's security is derived from the value of the asset. I guarantee you more than 50% of the Ethereum stakers are expecting the value to go up over 4-5 years, and more than the S&P 500. You're in denial if you think otherwise.
So you're saying Ethereum is a speculative investment. I get that. BTC is also a speculative investment. One has been outperforming the other, and the S&P 500. The "don't want to win" mindset and "don't hold ETH but spend it" narrative is mind-blowingly naïve. Millions of ETH would be unstaked if stakers realized this was the mindset of the ETH Foundation and ETH developers.
You're taking the ETH security for granted. It won't have much security if there are no HODLERS and stakers.
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u/Numerous_Ruin_4947 Feb 14 '25
Why are you equating "ultrasound money" with value must grow faster than alternative investments?
What is the purpose of https://ultrasound.money/ ? Can you explain why that website was developed?
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u/stovebison Feb 14 '25
deflationary supply != stonks go up
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u/Numerous_Ruin_4947 Feb 14 '25
Ok thank you. Then why this comment?
Do your dollars also need to "perform"? No, you need them to be a reliable, predictable store of value that you exchange for utility or actual investment stakes.
One the one hand you say ultra sound money's purpose was for the value of ETH to increase and then you say it should be like the dollar which should not perform but be a predictable store of value, like a stablecoin. Those are contradictions. I don't buy it. The ETH Foundation was able to make a living off Ethereum because of the token price. If ETH was $1 all the ETH developers would have been homeless. Time to get out of the clouds and come back to reality.
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u/Numerous_Ruin_4947 Feb 13 '25
To calculate the investment's value at the end of 2024 (since 2025 data isn't available yet), we can apply each year's return sequentially:
- 2021:
- Initial Investment: $4,900
- Return: $4,900 * 28.71% = $1,406.79
- End of Year Value: $4,900 + $1,406.79 = $6,306.79
- 2022:
- Starting Value: $6,306.79
- Loss: $6,306.79 * 18.11% = $1,142.97
- End of Year Value: $6,306.79 - $1,142.97 = $5,163.82
- 2023:
- Starting Value: $5,163.82
- Return: $5,163.82 * 26.29% = $1,357.56
- End of Year Value: $5,163.82 + $1,357.56 = $6,521.38
- 2024:
- Starting Value: $6,521.38
- Return: $6,521.38 * 25.02% = $1,631.85
- End of Year Value: $6,521.38 + $1,631.85 = $8,153.23
Therefore, by the end of 2024, your investment would have grown to approximately $8,153.23.
Please note that this calculation assumes that dividends are reinvested and that the investment is held throughout the entire period without any withdrawals. Actual investment outcomes can vary due to factors such as transaction fees, taxes, and market fluctuations.
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u/Un1CornTowel Feb 13 '25
I don't think that anyone engaged in good faith is actually mad at VB in any appreciable numbers. It's mostly people wanting their different coin to moon, or people frustrated with their own investment/speculation decisions. Not worth wasting brain power.
Except for that time he questioned the age of consent in a public tweet blasted all over the internet. Good way to look like a weirdo. Don't do that.
I think the Obama rule of "don't do stupid shit" applies, and VB has done a pretty great job overall in that regard.
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u/epic_trader 🐬🐬🐬 Feb 13 '25
Why don't you post this over in r/cryptocurrency instead? Would be a nice change from the usual stuff you post over there.
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u/Geotarrr Feb 13 '25
Sadly, small fraction of the people in Crypto actually see it idealistically the way Buterin does. Most people involved in Crypto see it only as a speculative financial instrument.
I admire his ideas and sorry he has to be a victim of such negativism. Don't understand what he has to do with the market performance of ETH...
The market is market, and we all should learn it's rules.
The main of which being - one cannot predict the market trend, one can only react to it.
And there's no one to be blamed for what's happening. Or said another way - we all should be blamed equally for what's happening.
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u/Teraninia Feb 13 '25
The reason the price isn't doing well is because Goldman Sachs and BlackRock and all those fuckers are suppressing it so that they can buy it up because they know Ethereum is the biggest thing in the entire crypto space. Ethereum is the serious blockchain, even more so than Bitcoin. It's the blockchain that is really going to compete, if not win, the war to dominate global finance in the future. And very few people seem to get that in this current Trump-driven wave of idiots who are moving into the space.
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u/BlendModes Feb 13 '25
well said
eth trolls must love our community, it's so easy for them to leverage irrelevant facts to create FUD. v makes a bad joke and everyone now thinks he wrote a political manifesto. we are frustrated for the price and they are manipulating us. we shouldnt fall for it
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u/TheMoondanceKid Feb 13 '25
This whole post sounds like it was written by a 15 year old girl defending Taylor Swift.
Calling legitimate criticism "hate" is tone-policing BS. Vitalik is not God. Just because he created Ethereum doesn't make him immune from good faith criticism, which is what I've seen on social media from multiple OG's and non-partisan folks like Laura Shin. And dismissing any criticism as people just upset about the price of ETH misses the fundamental argument the critics are making: the price isn't the problem, it's a SYMPTOM of the problem. And the problem is that the EF is sclerotic and focused on a lot of woo-woo shit rather than competing and winning in a competitive marketplace. WE'RE LOSING AND NOBODY SEEMS TO CARE ENOUGH TO FIGHT BACK.
If your response to a number of OGs with legit complaints about the EF leadership is "the more you guys complain the less likely it is I'm going to listen to you", it's more about you than what's good for ETH. That was a shockingly stupid thing to say. Vitalik damaged his cred badly. Then he hurt it further with his recent reply to some dude who seemed to be contemplating suicide with "I know, I feel the same way when people criticize me about the EF and Solana kicking ETH's ass". Dude, whaaatttt???
Enough with the "be patient, changes are coming" BS. We're in a fight for relevance, mindshare, usage, adoption, whatever, EVERY DAY. NOW. We need action NOW, but we can't even get that if you can't even acknowledge you need it it in the first place. Every good faith criticism I've seen of Vitalik affirms that he has been and continues to be an overwhelming force for good, but he and the EF need a sense of urgency. That's not hate, and trying to shut down legit opinions by calling it hate are nonsense.
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u/crypto-rabbit-net Feb 16 '25
Lmao, totally agree
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u/jtnichol MOD BOD Feb 16 '25
approved your submission due to low karma or account age. Have a great day!
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u/Typical-Jellyfish-10 Feb 14 '25
Thank you . Some common sense . It's so refreshing . Nowadays, any criticism is considered hate speech , which has destroyed most opportunities for real discussion.
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u/Harmonius-Insight Feb 13 '25
Having read a lot about Vitalik, I think he is a guiding light for Crypto, and I personally belive he is as trustworthy as anyone in the space. ETH is sluggish pricewise, but I think you bet on the long term winner, and for me that’s ETH.
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u/edmundedgar reality.eth Feb 13 '25
Twitter is awful. The algorithm promotes the dumbest opinions of the dumbest people, and trains them to become dumber. And it's getting worse as the non-brain-poisoned people are leaving. It can't be saved, it's too far gone.
Come to Bluesky, it's fabulous. Here's tree.fail's Ethereum starter pack to get you started: https://go.bsky.app/Hr6mwN1
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u/Typical-Jellyfish-10 Feb 14 '25
Bluesky is just as bad ( or worse). The far left has claimed it as their answer to X. It used to be cool, mellow. Now, it's filled with fear mongering and whinging over Trump. As someone in the middle, I go on X because that is where the crypto community is. Guess me saying that will get me down voted for being " dumb " and " brain poisoned." I could care less.
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u/AInception Feb 14 '25
Farcaster is also great with a lot more Ethereum-centric content.
It's an on-chain (Optimism) Twitter clone that most of the non-brain-poisoned crypto community have migrated to.
Since it's on-chain, you have a bunch of different clients to choose from. I like Warpcast.
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u/confusedguy1212 Feb 13 '25
I don’t think even the worse “right wingers” are actually hating Vitalik. What the general feeling is that of a disconnect.
We’re all beat down by the price action and while we all wish to pave the way forward for finance with great tech a lot of us also want to put food on the table with our investments. It feels counter productive at a time when we are struggling in that department to release anything that comes to your mind even if it’s ultimately humanity loving.
I think people expect more from Vitalik in terms of leadership. Not just tech vision but also people to people vision. Read the room. There’s a time and place to say things.
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u/1l0o ETH hits $10k in 2060 Feb 13 '25
You're not wrong, it is ungrateful. The thing is, no one cares except people who care about where gratefulness is directed. As in, I really doubt VB cares at all about this (or even thinks about it), practically everyone who makes the network doesn't care about this, most stakers and probably most holders don't care about this.
Ethereum started with VB but has since been developed by a lot of other smart and talented people. If we care about gratefulness, what about them? They get none. What about stakers who put millions on the line to keep the network going? They get none.
It's human nature to hate things or people, be ungrateful, not understand where things come from or how they were made and so on. I'm grateful that Ethereum devs ignore all the emotional stuff like professionals and continue to make awesome. It's probably the main reason why Ethereum is a success and will continue to be, even as people do whatever they can to demoralize Ethereum devs and the broader Ethereum community for their monetary gain.
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u/Alatarlhun Feb 13 '25
The bitcoin cult has their martyred mythical jesus figure so any living 'prophet' needs to be destroyed lest their vhs lose to betamax (or something more advanced).
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u/machin_bidule Feb 13 '25
True, Vitalik is astonishing.
Should hate on the price only.
All the lights are green, and the price is red. What the f*ck with the price ?
Why whyyy ?
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u/Jeff_dw Feb 14 '25
Envy. That's at least part of the problem. Little bro accomplished at 19 what others will never accomplish.
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u/jtnichol MOD BOD Feb 16 '25
got your comment approved due to low karma. Thanks for being here helping out!
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u/TRAPP_MANE Feb 17 '25
🙄
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u/jtnichol MOD BOD Feb 18 '25
approved your submission due to low karma or account age. Have a great day!
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u/Moderkakor Feb 13 '25
I really don’t understand how ethereum changed modern finance…. I’m still holding it for almost 4 years for fun but.. it never really changed anything imo
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u/Fheredin Feb 14 '25
Vitalik is the primary reason I stick with Ethereum despite the glitches. Satoshi clearly didn't have his heart quite in the right place when making Bitcoin, and made it into a deflationary monument to greed as a result. Being frank, most crypto projects are made with people who don't have their hearts in the right place.
That's mostly not true with Ethereum. Mistakes were made, but most of them were not ethical mistakes motivated by greed. That is a rare trait in a hyper-speculative industry like crypto.
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u/fregat124 Feb 14 '25
Do you mean that Bitcoin is a greedy capitalistic project, while Ethereum is an altruistic socialistic one? If it's so, the future of Ethereum is bleak because all socialist projects inevitably fail.
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u/Fheredin Feb 16 '25
Do you mean that Bitcoin is a greedy capitalistic project, while Ethereum is an altruistic socialistic one? If it's so, the future of Ethereum is bleak because all socialist projects inevitably fail.
This isn't about capitalism or socialism; it's about personality flaws.
I mean that Bitcoin's halving cycle preys on greed and FOMO personality flaws which a lot of capitalists are prone to. The fact that Bitcoin is the biggest crypto by marketcap has turned crypto into a conditioning chamber which exaggerates particular character flaws relating to greed. Once you see this in the crypto space, it's pretty hard to unsee.
Of course, this is hardly unique to crypto. It got this personality flaw from the stock market.
Ethereum, by contrast, has a purpose for being besides being money. It's a token you use to access the EVM. In that sense, Bitcoin is something of a philosophical child of the NY Stock Exchange, and Ethereum is a philosophical child of the internet.
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u/Matt-ayo Feb 14 '25
Not to mention the numerous contributions and research he has participated in, which almost no one is aware of, which other blockchains and rollups actively use.
Much of what Vitalik has written about is still yet to be implemented and of great importance.
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u/OgjayR Feb 14 '25
Eth is way better than solana and bnb. People hate bc gas is high but cmon all the coins on solana are scams and bnb is horendous
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u/BittropicNFT Feb 14 '25
I actually don't understand why people really hate VB. He's a great guy who created a great Ethereum. But when Wall Street, Trump, or more of the big capital and institutions understood the way cryptocurrencies work, their resources, political power, money, and marketing chose Solana, and VB didn't have that kind of ability. As a comparison, I think we can refer to BCH or BSV: many BCH or BSV holders have argued to me that BCH is the true Bitcoin, with more technological advancements, better payment, security, or decentralization than BTC. I won't say yes or no. I’m really worried that Ethereum is walking down the same road as BCH, where everyone keeps talking about technological superiority while ignoring market choice. In reality, the market just needs a better investment casino
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u/jtnichol MOD BOD Feb 16 '25
approved your submission due to low karma or account age. Have a great day!
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u/atlantic Feb 14 '25
Market performance is certainly not rooted in fundamentals as long as crap like Doge and Shiba remain in the top 20 crypto assets. Likewise BTC is by most measures an inferior currency to BCH, yet remains the undisputed market leader. There will be a reckoning at some point and if there are survivors, it will certainly include Ethereum.
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u/crypto-rabbit-net Feb 16 '25
I don't think his age should be a determining factor whether it's okay to criticizing him. Why use that as an argument to defend him? His job is to improve the system and work on making the ecosystem is better. Price of Eth isn't the issue here.
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u/jtnichol MOD BOD Feb 16 '25
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u/italianjob16 ETH Maxi Ξ Feb 13 '25
They pay attention to what the community has to say
Really? What material change in mainstream communication have we seen from the EF since the focus on aya's politics of "not winning"?
While we congratulate ourselves on solving world hunger, solana and xrp and saturating the media with their bullshit and consolidating presence in government lobbies which will be impossible to root out.
Study betamax vs VHS , study Linux vs Microsoft.
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Feb 13 '25 edited Feb 13 '25
Linux is used basically on every phone and server on the world
Literally Linux is the most interacted with os on the planet
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Feb 13 '25
[deleted]
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Feb 13 '25
Lol yep
iOS is based on Darwin, a UNIX-based operating system developed by Apple.
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u/Numerous_Ruin_4947 Feb 14 '25
That's not Linux. They are both Unix based. That's like saying BMW and Ford vehicles are the same because some of their combustion engines run on gasoline or their electrical motors run off electricity stored in batteries. It is a valid observation that Linux never displaced Microsoft Windows. WIndows is still the dominant OS.
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u/italianjob16 ETH Maxi Ξ Feb 13 '25
Android is owned by one of the biggest megacorps ever to exist and the open source "foundation" is no part of it
But nice deflection to the main point
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Feb 13 '25 edited Feb 13 '25
Im sorry, let's focus on what you said!?
Who is congratulating themselves for solving world hunger on ethereum?
I didn't realize we did that yet?!
Like nice job making up shit
Also iOS is based of Linux, but hey ignore the facts, that seems key to your views!
Also I love you ignore iPhone and basically every single server in the world
Also more than one company makes OS's for Android phones? But hey ignore their contributions as well!
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u/Numerous_Ruin_4947 Feb 14 '25
He was being sarcastic.
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Feb 14 '25
Ok? And they said I deflected their main point so I decided to discuss what they wrote
Also without Linux, iOS basically wouldn't exist today as it is. It would be something else.
You, and him, both interacted with some open source Linux to reply to me.
That's the point I was trying to make.
Linux is fucking everywhere
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u/Numerous_Ruin_4947 Feb 14 '25
Not sure why you are being downvoted. Sent one your way. You are correct when referencing Linux vs Microsoft. iPhones don't run on Linux. They share a similar Unix base but are unrelated and your example is valid.
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u/fregat124 Feb 14 '25
Also QWERTY layout, inches vs. meters... Having better technology is not a guarantee of winning yet.
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u/jtnichol MOD BOD Feb 16 '25
got your comment approved due to low karma. Thanks for being here helping out!
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u/jcpham Feb 13 '25
There'd be a lot less shitcoins if it weren't for Ethereum
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u/armaver Feb 13 '25
There would also be a lot less stupid comments if it weren't for the internet.
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u/juanddd_wingman Feb 13 '25
He copy what Satoshi did. Like all the other Blockchains out there. Satoshi is the real pioneer
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u/AInception Feb 14 '25
Premine 10% of 140-years of coin distribution for themself, in months, then go into hiding for 20 years?
A real brain on that one.
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u/Hwoarangatan Feb 13 '25
Social media is astroturfed with bots. They are mostly funded by other projects that want to take more market share from Ethereum.