The second largest cryptocurrency Ethereumfounder of Vitalic Buterine He spoke to Time magazine.
Buterin, who is 28 years old and 9 years ago, imagined Ethereum as a way to benefit from blockchain technology rather than a currency, expressed that he is worried about the future of crypto as of now.
Disturbed by the speculative aspect of cryptocurrencies, Buterin said that while the value and volume of cryptos rise, pride and fear rise at the same time.
“Crypto has a lot of dystopian potential if misapplied”
“The danger is that you have these $3 million monkeys and it turns into a different kind of gambling,” the famous founder said, referring to the popular NFT collection Ape Yacht Club, who said he was worried about the prospects of “excessive wealth” towards crypto and the inexperience of investors. said.
EthereumButerin hopes that the vision for this power will be a transformative force for any sociopolitical experiment and a launching pad for fairer voting systems, urban planning and public works projects. greed He thinks he’s at risk of being taken over.
While expressing his concerns about crypto evolving in this direction, Buterin said that he has reluctantly assumed a public role in shaping its future.
“If we don’t use our voice, the only things that are built will be things that are immediately profitable. And those are often far from what’s really best for the world.”
Russia Ukraine Tension
Evaluating the cryptocurrency aid campaigns launched after the Russian invasion of Ukraine, Buterin said, “This is a reminder to many in the crypto space that ultimately the point of crypto is not to play games with pictures of million-dollar monkeys. And that can have meaningful real-world implications.” said.