Though Bitcoin reigns supreme in the realm of cryptocurrencies, Ethereum is not less either. Already being one of the biggest alternatives to Bitcoin, it is expected to overtake the crown of Bitcoin in the near future, if experts are to be believed.
However, Vitalik Buterin, the co-founder of Ethereum, does seem to contend with the way the Ethereum community and platform are marching ahead in the world of cryptocurrencies. Buterin was also skeptical about the recently concluded grand Ethereum event named ETHDubai held in Dubai, which saw a mixed response from audiences worldwide.
Speaking about the ETHDubai event, the Ethereum co-founder Buterin states, it showed him a clear picture of how people view the ETH platform and ecosystem.
Buterin says that the recently concluded event showed that most people only seem to make some immediate profit from the Ethereum ecosystem rather than thinking futuristically.
He also dismissed over-enthusiastic technological developments envisaged for ETH as unimaginable and highly futuristic.
Buterin thought that the exponential greed of a majority of people who see cryptocurrencies as a quick money-making platform might hinder the true growth potential of the ETH platform.
Charles Hoskinson, another co-founder of ETH, supports Vitalik Buterin’s view. He said that the platform might lose its vision of futuristic technological development if people consider the ETH platform only as a short-term money-making machine rather than investing in a more dedicated manner.
However, Sergej Kunz, the co-founder of 1inch Network, doesn’t agree with both of the co-founders of the ETH. He said that people’s money-making objective on the ETH platform need not be dismissed as a bane for the futuristic development of ETH technology.
Instead, he said it should be viewed as support because the more people invest in ETH projects, the more profitable and stable it will become in the near future.
Even if made to make an immediate profit, investments should neither be criticized nor discouraged, he added.
Vitalik Buterin, born Vitaly Dmitriyevich, is a Russian-origin Canadian programmer and crypto expert who is one of the co-founders of Ethereum cryptocurrency. Buterin launched the Ethereum cryptocurrency in 2014 with Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin.
Buterin comes from a family of scientists. His father, Dmitry Buterin, was a notable computer scientist in Russia. His parents migrated to Canada for better career opportunities when Buterin was just six years old. Buterin was a talented and sharp child since early grades.
He first learned about cryptocurrencies from his father at the age of 17. This ignited the crypto interest of Buterin as he attended the University of Waterloo, where besides taking advanced courses, he worked as a research assistant for cryptographer Ian Goldberg, the former Board of Directors Chairman of the Tor Project, the anonymous browser.
Buterin won a bronze medal in the International Olympiad in Informatics in 2012. In 2013, he published a research paper on Ethereum. He later received an award of $100,000, which he utilized by working full time on Ethereum, a cryptocurrency that he launched a few years later.