Buterin’s Response to ETH Sale Allegations
On August 31, Buterin responded to these accusations, dismissing them as unfounded. He clarified that he has not sold ETH for personal gain since 2018. According to Buterin, all sales were made to support Web3 projects and charitable causes, not for personal enrichment.
“I haven’t sold and kept the proceeds since 2018,” Buterin stated. “All sales have been to support various projects that I think are valuable, either within the Ethereum ecosystem or broader charity, like biomedical research.”
The crypto community largely supported Buterin’s stance. Many users expressed their support, encouraging him to continue using ETH profits for positive causes. One user even suggested that he “deserves the yacht” for his contributions to the crypto space.
Defending Ethereum’s Commitment to DeFi
Buterin also recently defended Ethereum against criticisms of neglecting decentralized finance (DeFi). Kain Warwick, the creator of yield farming, had criticized Buterin’s perspective on DeFi. Despite this, Buterin reaffirmed his commitment to Ethereum’s core values of permissionlessness and decentralization.
Buterin emphasized his focus on creating sustainable and useful applications rather than chasing fleeting trends. He remains dedicated to supporting the Ethereum ecosystem and advancing its mission of decentralization.
Conclusion
Vitalik Buterin’s response to the allegations and his defense of Ethereum’s commitment to DeFi highlight his ongoing dedication to the cryptocurrency space. By clarifying the purpose of his ETH sales and reiterating his focus on Ethereum’s core values, Buterin continues to earn support from the crypto community.
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