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Vitalik slams Ethereum critics for 'wartime status'

Vitalik slams Ethereum critics for 'wartime status'

CointimeCointime2024/10/28 01:11
By:Cointime

On October 28th, according to Kaito AI data cited by the host of the encrypted program The Rollup, Ethereum co-founder Vitalik Buterin ranked first with 1.69% of the "thought leader mindshare" in the past seven days, followed closely by Helius Labs CEO Mert Mumtaz with 1.18%.

Recently, Buterin published a long article on the X platform defending the Ethereum Foundation's routine ETH sales, emphasizing that these sales are used to pay Ethereum developers and researchers to maintain the network's proof-of-stake mechanism, achieve low-cost, sub-30-second transaction confirmations, privacy features with zero-knowledge proofs, and keep the network running uninterrupted since 2016.

He also called on critics to "give some respect." When asked why the Ethereum Foundation does not use all ETH for staking to cover costs through revenue instead of selling, Buterin explained that the Ethereum Foundation wants to avoid being forced to make an "official choice" in controversial hard fork events.

However, Buterin stated that the Ethereum Foundation is exploring other staking participation methods, including distributing grants in the form of staked ETH, allowing grant recipients to control withdrawal times and retain profits. He also mentioned the possibility of delegating the foundation's staking responsibilities to other organizations.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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