- Vitalik Buterin has recently expressed his concerns around Ethereum’s future.
- Buterin’s concerns revolve around profit-driven cryptocurrency users entering the market and deviating from the original vision of a decentralized and fair industry.
- The announcement was met with commentary from key players in the crypto industry.
The founder of Ethereum (ETH), Vitalik Buterin, has recently expressed his concerns around Ethereum’s future. However, attendees of the recent ETHDubai event have voiced mixed sentiments over Buterin’s talk on the looming dangers in the cryptocurrency industry.
The founder of Ethereum pointed out some of the worries he has about the Ethereum platform’s future in a recent interview. His worries include the platform becoming swamped with people who are only after profit, and deviating from the original vision of a decentralized and fair platform.
Buterin stated,
If we don’t exercise our voice, the only things that get built are the things that are immediately profitable.
The co-founder of 1inch Network, Sergej Kunz, commented on Buterin’s woes and he expressed his disagreement towards Buterin’s woes. Kunz said that although there are “scam projects” that try to get money from retail investors, there are also good projects that need funding, and that this funding will come from venture capitalists who are profit-driven.
A developer at GTON Capital, Aleksei Pupyshev, also responded to Buterin’s fears by stating that he believes there should be a balance between profit and non-profit initiatives within the space. He also added that rewards and financial incentives can be beneficial in attracting new users to the cryptocurrency market.
There were some key players in the cryptocurrency space that share the same concerns as Buterin. One such player in the market, Raullen Chai, the co-founder of IoTeX, said that he is also concerned as to whether or not the pioneers in the market will be able to stick to the original visions for their platforms.