Ethereum co-founder Vitalik Buterin publicly criticized the moral reversal in the crypto industry on 2/20 in a forum, especially the situation where Ethereum has not fully accepted blockchain gambling applications and has been questioned by the outside world.
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ToggleOnline criticism versus real-world communication, very disappointed with the prevalence of gambling
In a Q&A session on February 20, a netizen asked Vitalik what his biggest regret or disappointment was in the crypto industry over the past year. Vitalik responded that what disappointed him the most was that someone criticized Ethereum for "not respecting on-chain casinos" and was seen as not being inclusive enough, while other blockchains that were willing to accept any application were considered more superior.
Vitalik bluntly stated that this change in values shocked him, and said: "If the crypto community really becomes like this, I might not want to participate in it anymore."
Continuing offline communication, Vitalik believes that the core values have not been shaken
Although there has been constant criticism online of Ethereum's refusal to embrace blockchain gambling, Vitalik said that his interactions with crypto community members in the real world have kept him confident about the future of blockchain.
He believes that although the online sentiment seems unfavorable, face-to-face interactions show that the core values of the Ethereum community still exist. He emphasized that he has a responsibility to the community and will not easily leave, but hopes that everyone can work together to build "the world we really want to see".
Vitalik also mentioned that the Ethereum Foundation may "no longer maintain complete neutrality" at the application layer in the future, but will actively support certain types of projects to ensure the entire ecosystem develops positively.
The foundation will adjust its funding strategy, deploy 45,000 ETH to support DeFi
Vitalik's remarks come at a time when the Ethereum Foundation is adjusting its funding utilization, trying to respond to the community's questioning of its financial decisions. Previously, some community members criticized the selling of Ether (ETH) to raise operating funds, arguing that this approach is not market-friendly and pointing out that there are better solutions in DeFi.
To address these criticisms, on 2/13 the foundation decided to deposit about $120 million worth of 45,000 Ether into DeFi platforms such as Aave, Spark, and Compound, so that the funds can be used more effectively instead of directly selling Ether for cash. This move has been highly praised by the community, who believe it is a positive development for the Ethereum ecosystem.
The foundation also emphasized that this is just the first step, and in the future it will further explore Ether Staking and widely solicit suggestions from the community to ensure the transparency and sustainability of fund utilization.
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