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

[Batman_fan]

http://www.businessinsider.sg/ethereum-founder-threatens-to-leave-if-the-crypto-community-doesnt-grow-up-2017-12/

• 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:

Twitter

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.

 

Twitter

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:

Twitter

He went on:

[Batman_fan]

lol...good that at least founder is talking sense. learn from him DB folks

[Piracy Raja]

[ceelogreen]

dengey manu

[Raithu_bidda_]

idi antha stsrt sesindi electroneum idiots ae

@ronitreddy am antavu???

[Batman_fan]

4 minutes ago, Raithu_bidda_ said:

idi antha stsrt sesindi electroneum idiots ae

@ronitreddy am antavu???

meru em takuva....adedo meru society ni vudharicnhatiniki patu padinatlu....he is referring everyone

[telugumesh]

He was pissed off about when moon and when lambo meme's 

I can see why he said that.

We as community need to grow block chain technology rather than hoping for quick buck. There is no harm in earning money out of it. But it's now going in wrong direction its now a game of pump and dump, which is not good for block chain technology.

There are many examples of pump and dump's, you guys already aware of those.

Now Ripple I don't want to start on this. People are hoping for 15$ because some idiot said so. Firstly if it does reach 10 $ market cap is double to bitcoin. Secondly it is not even following the basic principles of block chain. Ripple is trying to hook up with banks to create a centralized private  block chains. Why?????? The whole point is to make everything centralized and publicly available. Where we are heading too... We are trying to make change with new technology and finally falling into corporate bullshit again. 

 

This is purely my opinion though.

 

 

[tom bhayya]

13 minutes ago, telugumesh said:

He was pissed off about when moon and when lambo meme's 

I can see why he said that.

We as community need to grow block chain technology rather than hoping for quick buck. There is no harm in earning money out of it. But it's now going in wrong direction its now a game of pump and dump, which is not good for block chain technology.

There are many examples of pump and dump's, you guys already aware of those.

Now Ripple I don't want to start on this. People are hoping for 15$ because some idiot said so. Firstly if it does reach 10 $ market cap is double to bitcoin. Secondly it is not even following the basic principles of block chain. Ripple is trying to hook up with banks to create a centralized private  block chains. Why?????? The whole point is to make everything centralized and publicly available. Where we are heading too... We are trying to make change with new technology and finally falling into corporate bullshit again. 

 

This is purely my opinion though.

 

 

chineese extremists wall street are making millions with this, none of them care about the actual purpose all they care is money.

[Raithu_bidda_]

27 minutes ago, telugumesh said:

He was pissed off about when moon and when lambo meme's 

I can see why he said that.

We as community need to grow block chain technology rather than hoping for quick buck. There is no harm in earning money out of it. But it's now going in wrong direction its now a game of pump and dump, which is not good for block chain technology.

There are many examples of pump and dump's, you guys already aware of those.

Now Ripple I don't want to start on this. People are hoping for 15$ because some idiot said so. Firstly if it does reach 10 $ market cap is double to bitcoin. Secondly it is not even following the basic principles of block chain. Ripple is trying to hook up with banks to create a centralized private  block chains. Why?????? The whole point is to make everything centralized and publicly available. Where we are heading too... We are trying to make change with new technology and finally falling into corporate bullshit again. 

 

This is purely my opinion though.

 

 

GP

ripple mali down ki vastadi dont worry 

[ranku_mogudu]

so ippudu etherium inka grow authundha or fall authundha? any idea?

[Raithu_bidda_]

20 minutes ago, ranku_mogudu said:

so ippudu etherium inka grow authundha or fall authundha? any idea?

You think btc is bubble then why do you worry about eth and other cryptos ?

[ranku_mogudu]

13 minutes ago, Raithu_bidda_ said:

You think btc is bubble then why do you worry about eth and other cryptos ?

answer cheppu .

[CVR]

2 hours ago, telugumesh said:

He was pissed off about when moon and when lambo meme's 

I can see why he said that.

We as community need to grow block chain technology rather than hoping for quick buck. There is no harm in earning money out of it. But it's now going in wrong direction its now a game of pump and dump, which is not good for block chain technology.

There are many examples of pump and dump's, you guys already aware of those.

Now Ripple I don't want to start on this. People are hoping for 15$ because some idiot said so. Firstly if it does reach 10 $ market cap is double to bitcoin. Secondly it is not even following the basic principles of block chain. Ripple is trying to hook up with banks to create a centralized private  block chains. Why?????? The whole point is to make everything centralized and publicly available. Where we are heading too... We are trying to make change with new technology and finally falling into corporate bullshit again. 

 

This is purely my opinion though.

 

 

Exactly... bitcoin initial goal was to create your own currency and only you have control over it and not dependent on any Govt regulations now with all these forks it is getting greedy day by day heading in the same wrong direction.

[ronitreddy]

4 hours ago, Batman_fan said:

meru em takuva....adedo meru society ni vudharicnhatiniki patu padinatlu....he is referring everyone

Refers to whom? 

[uttermost]

that's why we are building our own cryptocoin. for our own community, not for outsiders(speculators). like earning coins for the work done in our community, and for spending that coin only inside our community and other such federated communities. 

There are several ways cryptocoins can subvert authority and govt (which is its main purpose), and people should explore it. 

the rising price of these cryptocurrencies is not really useful, except for people who got rich off it. good for them, ofcourse. The main problem is wanting to make a quick buck, in this extremely horrid world. you can't really fault them for it. You can force them to change by changing your business model itself, though. 

people can make the same charge of ETH too, that it claims to do with blockchain that which can be done through regular database, which is an overkill, and mostly pointless.