What Vitalik Just Said About His FEAR For Ethereum

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What Vitalik Just Said About His FEAR For Ethereum Ethereum has struggled to stay above $2,000 since the market crash. It is currently down 13% in the past 7 days, trading for $2,040 at the time of writing. Ethereum’s much-expected upgrade looks as if it will once again be delayed and its co-founder, Vitalik Buterin, took Twitter to openly share his contradicting thoughts on Ethereum, Web3, Financial Systems, and Cryptocurrency as a whole. Viitalik started off with his tweetstorm with; “Thread: some still open contradictions in my thoughts and my values, that I have been thinking about but still don't feel like I've fully resolved.” He continued; Contradiction between my desire to see Ethereum become a more Bitcoin-like system emphasizing long-term stability and stability, including culturally, and my realization that getting there requires quite a lot of active coordinated short-term change. Each tweet in the thread started off with the same theme of ‘contradiction between’, which some readers suggested in the replies, is a struggle between his head and his heart. While we won’t read off all 10 contractions…you can check out the link in the description for that.. we will highlight a few interesting points he made. One being, a tweet in which he stated; Contradiction between my love for things like decentralization and democracy, and my realization that in practice I agree with intellectual elites more than "the people" on many (though definitely far from all) specific policy issues. His contradiction here caused quite a stir in the replies. Some believe that this is a red flag for Ethereum, while others wanted more clarity on his thoughts, specifically, on which policies he agrees with the intellectual elites on, as opposed to the people. Some commenters called him a ‘commie’, which might be a bit extreme conclusion for this tweet, but there’s some level of Vitalik’s belief system that believes there should be a centralized entity. ▬▬▬▬▬▬▬▬▬▬ TWITTER THREAD FOR INTERESTED READERS https://twitter.com/VitalikButerin/status/1526378787855736832 ▬▬▬▬▬▬▬▬▬▬ 🎵BACKGROUND MUSIC licensed through AudioJungle & Epidemic Sound 🎥FOOTAGE licensed through VideoBlocks and Filmpac, except parts about the topic that have been used under fair use. ▬▬▬▬▬▬▬▬▬▬ FAIR-USE COPYRIGHT DISCLAIMER Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favor of fair use. -This video has no negative impact on the original works (It would actually be positive for them) -This video is also for teaching and inspirational purposes. -It is not transformative in nature. -We've only used bits and pieces of videos to get the point across where necessary.
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