In the grand theater of cryptocurrency, where fortunes are made and lost faster than one can say “blockchain,” our dear Vitalik Buterin finds himself in a rather amusing predicament. He is, quite frankly, exhausted by the incessant chatter that the “degen casino” is the pinnacle of market fit for crypto. One might say he’s had enough of this melodrama! 🎭
As Ethereum wades through the murky waters of its own identity, Buterin, the co-founder, has taken to the digital stage to express his exasperation. It seems that the allure of the “degen casino” — a place where only the bravest (or most foolish) dare to tread — is drawing in the masses like moths to a flame. And here he is, trying to steer the ship while the crew is busy playing poker! 🃏
“Fighting consumes energy and brings people to the breaking point. This is part of the condition of life.
Do I feel good when I hear people from crypto Twitter and VC firms telling me that PvP KOL degen casino that’s money-losing for >99% of its own users is the best product…”
— vitalik.eth (@VitalikButerin) February 6, 2025
In a rather candid post on X, Buterin lamented the opinions of some crypto enthusiasts and venture capitalists who insist that the “PvP KOL degen casino” model — which profits a mere handful of users — is the holy grail of crypto. He labeled these sentiments as “condescending and elitist,” and while he acknowledged the emotional toll of such remarks, he remains steadfast in his commitment to Ethereum’s noble aspirations. After all, who wouldn’t want to save the world while dodging the occasional digital bullet? 💥
“No, I do not feel good at all hearing these things. There are even times when they make me feel emotional desire to quit.”
Vitalik Buterin
Meanwhile, the Ethereum Foundation has been under the spotlight for its rather curious habit of selling off large portions of Ethereum (ETH) without much fanfare. One particularly eyebrow-raising transaction involved swapping 100 ETH for stablecoins, right after a prominent figure in the Ethereum ecosystem attempted to justify these sales as a shining example of how the foundation utilizes ETH. Talk about a plot twist! 🎬
Despite the uproar, Buterin remains unyielding, defending Ethereum’s strategy against calls for a leadership overhaul at the foundation. He also tackled the accusations of centralization with a firm declaration: “the future of the world computer is decentralized.” Because, of course, who wouldn’t want a decentralized future where everyone can lose money equally? 🤷♂️
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2025-02-07 10:19