In an interview with CNBC, Ethereum co-founder Vitalik Buterin said that he is no longer involved in the cryptocurrency space and that his exit is “good for the community.” Buterin, who is also the creator of the Ethereum blockchain, said that he sold all of his ETH last year and has since been active in other projects.
“I quit crypto last year, and I’ve been focused on working on my new project – Ethereum 2.0 – ever since,” Buterin said.
Asked why he decided to leave the cryptocurrency space, Buterin said: “I just don’t really find it that interesting anymore.”
However, Buterin said that he still believes in the potential of blockchain technology and thinks it can be used to build “a better world.” “I’m still very optimistic about the long-term prospects of cryptocurrency and blockchain,” Buterin said.
Buterin’s comments come as Ethereum prices have been on a roller coaster ride over the past few months. After hitting an all-time high of over $1,400 in January, ETH prices plunged to below $200 in March amid the COVID-19 sell-off. Prices have since recovered and are currently trading around $400.
In the CNBC interview, Buterin also addressed the recent controversy around The DAO, a decentralized autonomous organization built on Ethereum that was hacked in 2016. Buterin said that he was “disappointed” by the hack and the way it was handled by the Ethereum community.
“I think it’s fair to say that, at least in retrospect, everyone involved in Ethereum at that time – myself included – underestimated the risks that were associated with The DAO,” Buterin said.
Despite his criticism of The DAO hack, Buterin said he is still bullish on Ethereum and believes it has a bright future.
“I’m extremely confident in Ethereum’s long-term prospects,” Buterin said. “I think Ethereum 2.0 is going to be a very interesting project that has the potential to really change the world for the better.”
The opinion of others about the departure of ethereum from the crypto community and the possible effect of this on him
The community’s reaction to Buterin’s CNBC interview with “Ethereum says safety him quitting crypto” was largely positive, with many users praising him for his honesty and candor.
Some users also said that they respected Buterin’s decision to leave the cryptocurrency space and that his exit was “good for the community.”
Others, however, were critical of Buterin’s comments and accused him of being a “sell-out.” Some even called for a fork of Ethereum 2.0.
In any case, it is clear that Buterin’s departure from the cryptocurrency space has divided the community. Only time will tell how his exit will ultimately affect Ethereum’s price and development.
