{"id":36946,"date":"2025-02-20T14:30:38","date_gmt":"2025-02-20T11:30:38","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=36946"},"modified":"2025-02-20T13:04:59","modified_gmt":"2025-02-20T10:04:59","slug":"vitalik-buterin-i-am-disappointed","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/vitalik-buterin-i-am-disappointed\/","title":{"rendered":"Vitalik Buterin: I Am Disappointed&#8230;"},"content":{"rendered":"<p><strong><a href=\"https:\/\/coinengineer.net\/blog\/pi-network-finally-listed-after-a-long-wait-how-much-is-it-worth\/\">Vitalik Buterin, founder of Ethereum and Bitcoin Magazine<\/a>, <\/strong>speaks out on &#8220;<strong>casinos&#8221; and disappointment<\/strong>.<\/p>\n<h2 data-start=\"0\" data-end=\"61\">Vitalik Buterin: The Most Disappointing Thing for Me&#8230;<\/h2>\n<p data-start=\"63\" data-end=\"446\"><strong>Ethereum co-founder Vitalik Buterin<\/strong> continues to criticize the narrow perspective within the crypto ecosystem. Previously, he opposed the idea that the \u201c<strong>degen casino<\/strong>\u201d model is the best product-market fit for crypto, arguing that the industry should focus on innovations that provide broader benefits rather than short-term profit-driven projects catering to a small group of users.<\/p>\n<p data-start=\"448\" data-end=\"681\">Despite criticism of the <strong>Ethereum Foundation\u2019s large ETH sales<\/strong> and calls for leadership changes, <strong>Buterin<\/strong> defended the foundation\u2019s strategy, emphasizing the principle of decentralization. However, the discussions did not end there.<\/p>\n<p data-start=\"448\" data-end=\"681\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-148872 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/02\/buterin.jpg\" alt=\"buterin\" width=\"1200\" height=\"800\" \/><\/p>\n<p data-start=\"683\" data-end=\"797\">Most recently, <strong>Buterin<\/strong> responded to a critique directed at him in the crypto space with the following statement:<\/p>\n<blockquote>\n<p data-start=\"799\" data-end=\"1099\"><strong>Buterin:<\/strong> \u201cThe most disappointing thing for me recently was someone saying that Ethereum is bad and intolerant. Their reasoning? That we don\u2019t show enough respect for the \u2018casinos\u2019 on the blockchain. Other chains, they claimed, are better because they are happy to accept any kind of application.\u201d<\/p>\n<\/blockquote>\n<p data-start=\"1101\" data-end=\"1309\">Buterin\u2019s remarks once again highlight<strong> Ethereum\u2019s strong commitment<\/strong> to its long-term vision and the belief that projects should be built not just for speculative gains but to create real-world applications.<\/p>\n<p data-start=\"1311\" data-end=\"1530\">In his view, the potential of blockchain technology lies not in short-term profits but in providing real solutions in areas such as identity verification, data security, and applications that generate social benefits.<\/p>\n<p data-start=\"1532\" data-end=\"1812\">Reiterating that <strong>Ethereum\u2019s core philosophy<\/strong> is financial inclusion and innovation, Buterin stressed the need for the industry to adopt a broader perspective. He also warned that projects solely focused on immediate profits could ultimately harm the ecosystem\u2019s long-term growth.<\/p>\n<p data-start=\"1814\" data-end=\"2001\" data-is-last-node=\"\" data-is-only-node=\"\"><strong>According to Buterin,<\/strong> building a sustainable ecosystem requires using technology not just as an investment tool but as a means to create innovative solutions that benefit wider audiences.<\/p>\n<hr \/>\n<p data-start=\"1814\" data-end=\"2001\" data-is-last-node=\"\" data-is-only-node=\"\"><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong>,<\/a>\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest <a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vitalik Buterin, founder of Ethereum and Bitcoin Magazine, speaks out on &#8220;casinos&#8221; and disappointment. Vitalik Buterin: The Most Disappointing Thing for Me&#8230; Ethereum co-founder Vitalik Buterin continues to criticize the narrow perspective within the crypto ecosystem. Previously, he opposed the idea that the \u201cdegen casino\u201d model is the best product-market fit for crypto, arguing that<\/p>\n","protected":false},"author":29,"featured_media":36951,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[11958,11529,1770,11957,1914],"class_list":["post-36946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin-magazine","tag-degen-casino","tag-ethereum-eth","tag-ethereum-co-founder-vitalik-buterin","tag-ethereum-foundation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vitalik Buterin: I Am Disappointed... - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/vitalik-buterin-i-am-disappointed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vitalik Buterin: I Am Disappointed... - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Vitalik Buterin, founder of Ethereum and Bitcoin Magazine, speaks out on &#8220;casinos&#8221; and disappointment. 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