Ethereum founder threatens to leave if the crypto community doesn’t grow up

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vitalik buterin ethereum
Vitalik
Buterin/Twitter


  • Ethereum’s founder is fed up with the immaturity of the
    cryptocurrency community. 
  • He threatened on Twitter Wednesday that he would leave
    if folks in the space don’t get their act
    together. 

Vitalik Buterin, the founder of Ethereum, thinks crypto is
heading in the wrong direction. 

The 23-year-old took to Twitter on Wednesday to lament the
immaturity of communities across the cryptocurrency market. He
said folks in the space should understand the difference between
enacting positive change for society, and just moving a bunch of
money around. Here’s Buterin:


Screen Shot 2017 12 28 at 10.03.27 AMTwitter

Energies are being squandered on memeing about luxury cars and
inappropriate jokes, according to Buterin. And if things don’t
change he warned he would leave the space altogether. 


Screen Shot 2017 12 28 at 10.12.14 AMTwitter

The market for digital coins has exploded this year, with bitcoin
and ethereum leading the way. Ethereum
is up more than 8,500%
since the beginning of the year. Also,
ethereum paved the way for hundreds of initial coin offerings, a
cryptocurrency twist on the initial public offering process.
Autonomous NEXT, a fintech analytics firms,
estimates over $4 billion has been raised via ICOs,
which
help startups raise capital outside traditional financial
services. In total, the market for digital coins has exploded
from just under $18 billion at the start of the year to a
whopping $560 billion at last check, according to data from
CoinMarketCap.com. 

Still, Buterin has questioned whether such gains are grounded in
reality. Here’s
Buterin in a tweet
soon after the crypto market surpassed
$500 billion for the first time:


Screen Shot 2017 12 28 at 10.51.06 AMTwitter

He went on:


Screen Shot 2017 12 28 at 10.45.14 AMTwitter

Get the latest Bitcoin price here.>>

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