Ethereum ETH/USD creator Vitalik Buterin has a message for trolls – Ethereum was not a mistake.
What Happened: In a series of tweets on Thursday, Buterin expanded on his thoughts around making a mistake based on one’s own beliefs and the consequences of correcting those mistakes.
It's hard. Eventually you make a mistake in your beliefs, and (especially if you are in politics, but some other domains too) correcting that mistake means acknowledging that a previous version of yourself contributed negative value to the world.— vitalik.eth (@VitalikButerin) May 20, 2022
According to him, changing course to rectify previous mistakes means admitting that you have actually contributed “negative value” to the world.
As a result of this, people often choose “hyper-loyal commitment” to a cause that prohibits them from admitting any prior faults, he said.
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Buterin appeared to recognize that his statements might be construed as him suggesting that Ethereum was, in some way, a mistake – he concluded his thoughts with a message addressed to Twitter trolls specifically.
“Note to trolls: no, ethereum was not a mistake,” he said.
(Note to trolls: no, ethereum was not a mistake. Sorry, my viewpoints that PoS > PoW, reaching functionality escape velocity is important, and not-just-currency apps are good are unchanged)— vitalik.eth (@VitalikButerin) May 20, 2022
“Sorry, my viewpoints that [Proof-of-Stake] PoS > [Proof-of-Work] PoW, reaching functionality escape velocity is important, and not-just-currency apps are good are unchanged.”
After Bitcoin BTC/USD, Ethereum is the world’s second-largest cryptocurrency with a market cap of $244 billion. At the time of writing, there was $71 billion locked into DeFi protocols on the smart contract platform.
Price Action: According to data from Benzinga Pro, ETH was trading at $2,021, up 3.18% over 24 hours.
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