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Ethereum Founder Threatens to Leave While ETH Consolidates Before New Year - NEWSBTC 12/29/2017

1,026 views · Published 29 December 2017 · 1:55 · Indexed 21 September 2026

Channel: NEWSBTC · 2017 · People & Blogs

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Hi it’s Invest Diva’s Kiana with News BTC and here is your cryptocurrency update. Ethereum, the second largest cryptocurrency by market cap after Bitcoin, has been hanging around the pivot level of $718 after the temporary pullback towards $472 last week. Meanwhile, Ethereum's founder is apparently fed up with the immaturity of the cryptocurrency community. The 23-year-old Vitalik Buterin took to Twitter on Wednesday and threatened that he would leave if the crypto communities don't get their act together. He said people should “ differentiate between getting hundreds of billions of dollars of digital paper wealth sloshing around and actually achieving something meaningful for society.” He believes people are focusing on posting meme about luxury cars and inappropriate jokes, which is not what the direction he envisions for the cryptocurrency world. Ethereum has actually paved the way for hundreds of initial coin offerings. Now the total cryptocurrency market cap is around $0.5 Trillion. But Vitalik believes we have not quite earned this price explosion. Perhaps this could lead the way for a better crypto community in the new year. With that, I’d like to wish you a happy new year, invest responsibly, and I’ll see you with more updates in 2018.

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