Crypto’s Moral Dilemma
Ah, the Ethereum co-founder, Vitalik Buterin, a man of deep contemplation 🧐, has expressed his anxieties regarding a peculiar shift in the crypto world. It seems, dear reader, that the industry is undergoing a rather disconcerting “moral reversal”, as Buterin himself put it. This, he laments, is particularly evident in the criticism directed at Ethereum’s stance on blockchain gambling.
During a recent “Ask Me Anything” session, a gathering of sorts, if you will, Buterin was confronted with the community’s frustrations. He confessed, with a hint of exasperation, to being disappointed by the backlash against Ethereum for not embracing these digital casinos 🎰. He declared, “Perhaps the most disappointing thing for me recently was when someone said that Ethereum is bad and intolerant because we don’t respect the ‘casinos’ on the blockchain enough, and other chains are happy to accept any application, so they are better.” A sentiment, you see, that would surely leave a Voltaire spinning in his grave 😵💫.
Buterin, bless his soul, went on to say that if this “moral reversal” were to take hold, he would no longer be interested in participating in the blockchain space. A truly dramatic declaration! However, he did offer a glimmer of hope, mentioning that his offline interactions with community members have provided a more reassuring perspective. Perhaps, dear reader, there is still some semblance of sanity left in this wild world 🌎.
Community values “still the same” offline
While Ethereum has faced criticism for its stance on online casinos, Buterin insists that in-person interactions with crypto community members have reassured him that the core values of the space remain intact. He feels a responsibility towards this community, you see, and cannot simply abandon ship.
He urged the Ethereum community to work together to create the “world we want to see.” A noble goal indeed! Buterin added that this will require changes, suggesting that the Ethereum Foundation may not remain so neutral at the application layer, perhaps supporting certain types of projects rather than maintaining complete neutrality. A bold move, to be sure!
Ethereum Foundation changes funding approach
Buterin’s pronouncements follow recent adjustments in the Ethereum Foundation’s approach to its funding mechanisms. Apparently, community members raised eyebrows when the foundation opted to sell Ether (ETH) to fund its operations. Many argued that alternative approaches existed within decentralized finance (DeFi) that didn’t involve dumping assets on the market.
On Feb. 13, the foundation responded to these criticisms by deploying 45,000 ETH, a tidy sum of $120 million, into DeFi platforms Aave, Spark and Compound. A move that was met with praise from the community, who hailed it as a positive step for Ethereum.
The foundation, in its infinite wisdom, declared this just the beginning. It’s already exploring staking options and has invited the community to share their suggestions. A truly democratic approach, wouldn’t you
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2025-02-20 17:12