Etherum Founder Blasts Cryptocurrency Investors; Advise Them To Move Away From Extravagance

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Ethereum founder Vitalik Buterin recently blasted the cryptocurrency investors for showing off their newly earned wealth. According to him the investors are so busy with the extravagance and flaunting of their wealth that they simply are overlooking a simple point that the new technology can also be used for the betterment of the society.

Recently in a Twiter rant, Buterin posted that if all that everyone can accomplish is Lambo memes and immature puns about sharting then he will have to leave. According to the founder, the community should stop the extravagance online and grow up. Buterin further added that all the crypto communities including Ethereum should take this as a warning and need to differentiate between getting billions of digital money and sloshing it around and actually doing something meaningful for the society.

In one of the replies to a Twitter user, Buterin said that cryptocurrency should not be taken only as the means of accumulating power and wealth and should be rather used for something better. He hoped that the community can still steer in the right direction.

The 23-year-old seemed quite serious about the changes in the attitude of the cryptocurrency investors and even threatened to leave the community. Although to many, it sounded glib, it still had some level of truth. Last year on Dec. 20, the founder of Litecoin, Charlie Lee surprised everyone by selling off his stake in the cryptocurrency because the way things were going on were not matching his interest.

Many believe that there is a strong chance that Buterin has already started to pull off from Ethereum as he transferred 30,000 ETH to Bitstamp. However, these can be mere speculations as of now.

Significant Gains For Ethereum In 2017

Last year saw an explosion in the market for digital coins with Ethereum achieving significant gains led by Bitcoin. By the end of the year 2017, Ethereum was up by more than 8,500%. Almost all through year Ethereum remained at the number two spot in the cryptocurrency market only to be toppled by Ripple just a few days prior to the end of last year.

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