{"id":37121,"date":"2025-02-22T16:30:19","date_gmt":"2025-02-22T13:30:19","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=37121"},"modified":"2025-02-22T15:44:07","modified_gmt":"2025-02-22T12:44:07","slug":"vitalik-buterin-criticizes-gambling-perception-in-crypto","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-gambling-perception-in-crypto\/","title":{"rendered":"Vitalik Buterin Criticizes Gambling Perception in Crypto"},"content":{"rendered":"<p><a href=\"https:\/\/coinengineer.net\/blog\/doodles-nft-reaches-16-million-weekly-volume-with-memecoin-announcement\/\"><strong>Buterin<\/strong><\/a> said online critics have labeled <strong>Ethereum<\/strong> as bad for not accepting casinos on the blockchain.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-gambling-perception-in-crypto\/#Vitalik_Buterin_Discusses_Ethereums_Concerns_Over_Gambling\" title=\"Vitalik Buterin Discusses Ethereum\u2019s Concerns Over Gambling\">Vitalik Buterin Discusses Ethereum\u2019s Concerns Over Gambling<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-gambling-perception-in-crypto\/#Community_Values_Remain_the_Same_Offline\" title=\"Community Values Remain the Same Offline\">Community Values Remain the Same Offline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-gambling-perception-in-crypto\/#Ethereum_Foundation_Alters_Funding_Approach\" title=\"Ethereum Foundation Alters Funding Approach\">Ethereum Foundation Alters Funding Approach<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"0\" data-end=\"59\"><span class=\"ez-toc-section\" id=\"Vitalik_Buterin_Discusses_Ethereums_Concerns_Over_Gambling\"><\/span>Vitalik Buterin Discusses Ethereum\u2019s Concerns Over Gambling<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"61\" data-end=\"263\"><strong>Ethereum co-founder Vitalik Buterin<\/strong> expressed concerns about what he described as a &#8220;moral reversal&#8221; in the crypto industry, particularly regarding criticism of Ethereum\u2019s stance on blockchain gambling.<\/p>\n<p data-start=\"265\" data-end=\"515\">In an<strong> Ask Me Anything (AMA)<\/strong> session on February 20, Buterin was asked about his frustrations with the crypto industry over the past year. He highlighted his disappointment over the backlash against Ethereum for not embracing blockchain-based casinos:<\/p>\n<p data-start=\"517\" data-end=\"748\">&#8220;The most disappointing thing recently was when someone said that Ethereum is bad and intolerant because we don\u2019t respect &#8216;casinos&#8217; on the blockchain enough, and other chains are free to accept any application, so they are better.&#8221;<\/p>\n<p data-start=\"750\" data-end=\"1063\">Buterin stated that if the <strong>blockchain community<\/strong> had this kind of &#8220;moral reversal,&#8221; he would no longer be interested in participating in the blockchain space. Despite this concern, he mentioned that his face-to-face interactions with community members reassured him that the core values of the space remain intact.<\/p>\n<h2 data-start=\"1065\" data-end=\"1105\"><span class=\"ez-toc-section\" id=\"Community_Values_Remain_the_Same_Offline\"><\/span>Community Values Remain the Same Offline<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1107\" data-end=\"1315\">While <strong>Ethereum<\/strong> has been criticized for its stance on casinos online, Buterin said his in-person interactions with crypto community members reaffirmed that the fundamental values of the space are still strong.<\/p>\n<p data-start=\"1317\" data-end=\"1705\"><strong>Buterin<\/strong> noted that he has a responsibility to the community and cannot abandon it. He also urged the Ethereum community to work together to create the &#8220;world we want to see,&#8221; which may require some changes. He added that the<strong> Ethereum Foundation<\/strong> may not be as neutral at the application layer and might start supporting certain types of projects instead of maintaining complete neutrality.<\/p>\n<h2 data-start=\"1707\" data-end=\"1750\"><span class=\"ez-toc-section\" id=\"Ethereum_Foundation_Alters_Funding_Approach\"><\/span>Ethereum Foundation Alters Funding Approach<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1752\" data-end=\"1857\"><strong>Buterin<\/strong>\u2019s remarks come alongside changes in the <strong>Ethereum Foundation\u2019s<\/strong> approach to its funding mechanisms.<\/p>\n<p data-start=\"1859\" data-end=\"2092\">On January 20, community members criticized the foundation for selling Ether to fund its operations. Many suggested there were alternative approaches in <strong>decentralized finance (DeFi)<\/strong> that didn\u2019t involve dumping assets onto the market.<\/p>\n<p data-start=\"2094\" data-end=\"2325\">On February 13, the foundation responded to the criticism by deploying 45,000 ETH, worth $120 million, into DeFi platforms like Aave, Spark, and Compound. Community members praised the move, calling it a positive step for Ethereum.<\/p>\n<p data-start=\"2327\" data-end=\"2468\" data-is-last-node=\"\" data-is-only-node=\"\">The foundation stated that this was just the beginning and that it is already exploring staking, inviting the community to offer suggestions.<\/p>\n<hr \/>\n<p data-start=\"2327\" data-end=\"2468\" data-is-last-node=\"\" data-is-only-node=\"\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buterin said online critics have labeled Ethereum as bad for not accepting casinos on the blockchain. Vitalik Buterin Discusses Ethereum\u2019s Concerns Over Gambling Ethereum co-founder Vitalik Buterin expressed concerns about what he described as a &#8220;moral reversal&#8221; in the crypto industry, particularly regarding criticism of Ethereum\u2019s stance on blockchain gambling. In an Ask Me Anything<\/p>\n","protected":false},"author":29,"featured_media":37125,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[4475,105,11957,1914,1724],"class_list":["post-37121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-decentralized-finance-defi","tag-ethereum","tag-ethereum-co-founder-vitalik-buterin","tag-ethereum-foundation","tag-vitalik-buterin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vitalik Buterin Criticizes Gambling Perception in Crypto - 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-criticizes-gambling-perception-in-crypto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vitalik Buterin Criticizes Gambling Perception in Crypto - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Buterin said online critics have labeled Ethereum as bad for not accepting casinos on the blockchain. Vitalik Buterin Discusses Ethereum\u2019s Concerns Over Gambling Ethereum co-founder Vitalik Buterin expressed concerns about what he described as a &#8220;moral reversal&#8221; in the crypto industry, particularly regarding criticism of Ethereum\u2019s stance on blockchain gambling. 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