Vitalik openly admits he doesn't trust his creation - page 4.

BitcoinerXX

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Quote from: benthach on June 23, 2017, 12:02:54 AM

Quote from: ceedtime on June 22, 2017, 08:57:46 PM

Quote from: AmarO on June 22, 2017, 06:38:47 PM

Vitalik is just saying he has not had "100%" certainty in Crypto which is natural because it's an experimental technology. It is maturing very well with time though and everything seems to be on track. Vitalik is trying to get rid of the weak hands before Metropolis lol jk jk. Easy to hold ETH, if ETH collapses nearly all Crypto will, hold on to the big dog. Crypto is not crashing anytime soon though the Wall Street dudes are just starting to get interested. Wink

Nobody is 100% sure about crypto, yet the way Vitalik express his opinions is not consistent with the philosophy of blockchain technologies. Dude, we're talking about the creator of the second best coin, ethereum.

This scammer crook Vitalik fail in every aspects, why these millionaire and billionaire still licking his ass is beyond a decent person state of mind. Perhaps their money come too easy just like this crook scammer vatalik to know what is real anymore.

agreed. how can anyone trust a guy who does not believe in his own creation? smh...

spartak_t

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As far as I remember (though I'm not 100% sure), Vitalik was demanding to be paid in Bitcoin only. Some 3.5 - 4 years ago he created Ethereum and again wanted to be paid with BTC. After a while he sold 25% of his tokens in order to diversify (I never said it was a bad decision, it was his right to do so), and now he's openly admitting that he never fully trusted digital currencies. You don't need to be Einstein to think that the future of digital currencies is uncertain, right? Have you seen some car manufacturer to say that "you may die in one of our cars"? No. They will only tell you to drive safely (pretty much like the advise most of the people are giving here - don't invest more than you can afford to lose).

People said it long time ago: Don't bite the hand that feeds you. Because if it weren't digital currencies, then Vitalik would be probably only a high paid employee in some good company and not in Fortune's 40 under 40 list.

If you don't see the hypocrisy in his statement, then I don't know what else to say.

benthach

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Quote from: ceedtime on June 22, 2017, 08:57:46 PM

Quote from: AmarO on June 22, 2017, 06:38:47 PM

Vitalik is just saying he has not had "100%" certainty in Crypto which is natural because it's an experimental technology. It is maturing very well with time though and everything seems to be on track. Vitalik is trying to get rid of the weak hands before Metropolis lol jk jk. Easy to hold ETH, if ETH collapses nearly all Crypto will, hold on to the big dog. Crypto is not crashing anytime soon though the Wall Street dudes are just starting to get interested. Wink

Nobody is 100% sure about crypto, yet the way Vitalik express his opinions is not consistent with the philosophy of blockchain technologies. Dude, we're talking about the creator of the second best coin, ethereum.

This scammer crook Vitalik fail in every aspects, why these millionaire and billionaire still licking his ass is beyond a decent person state of mind. Perhaps their money come too easy just like this crook scammer vatalik to know what is real anymore.

bitcoinvestor

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Does Vitalik not believe in his own project? I think there will be ruin in cryptocommunity when eth dies. Why, there are numbers of eth token projects that got investment millions dollars. They are based on blockchain etherium. What will happen with those token. Those token will die too. That will be mean almost a half cryptocommunity from eth community will be destroyed if the etherium ends or dies. What a bad story I think.

stomachgrowls

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Quote from: Pursuer on June 22, 2017, 02:39:06 AM

that is what I have been saying for years. developers who don't even invest in their own project by buying it or mining it like the rest of us on even grounds are not to be trusted. because they don't care about their own project enough to do anything about it.
why do you think I like bitcoin, one of the many reasons is that Satoshi mined bitcoin alongside of many others such as Hal Finney who was the first person to download the client.

and right now all these altcoins (ethereum included) are just creating more and more lazy people who call themselves "developers" who just get paid for doing nothing (in case of ether 70 million premined ICO coins) and just sit back and post crap on twitter and enjoy the free millions of dollars they've got. there is no need for them to improve or develop they are already millionaires!

and when this fails, they just start another one from scratch and earn another couple of million dollars.

This is the same in my points of view when it comes to BTC and altcoin which its developer or creators doesnt have any interest even on buying on their own project unlike on Satoshi which we can say that hes really serious on Btc thats why people do loving it i dont know if others do have this same point of view. When a certain coin ends up they can easily start all over again since they do have the money to spend on and fools that make them more money. This cycle will continue all over again, just like that.

Fatoshi

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I agree with the OP. I think it's a symptom of millennial thinking if anything (yes I know not every milenial thanks like this) but I often see the younger generation in crypto openly admit to not believing in crypto in the same breath as shilling some shitcoin or think they can one second admit to scamming and then the next expect to be taken seriously once they quickly give a shallow faux apology. I see it everyday on the slack channels. The ETH developer is simply a perfect example of where his generation is morally and ideologically...bankrupt.

But I take issue with the OP. That even if 99.9% of coins are scams then that doesn't mean we are in a bubble which I have heard him express. What it means is like the gold rush or the black gold oil rush or the scams and millions lost and made on the birth of the railroads or even the early internet pioneers Crypto is here to stay and really is a game changer in the global system. The truth is we are in early growing pains, the Wild West of a decentralized world. If you don't understand that then you are as deluded as many of the ICO fools thinking these projects will be around in years to come. News flash...they won't.

testerx

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lol, give me a break the guy's worth several hundred million and he's saying if he were to diversify he'd use a broad selection of investments like any non-insane person would but you're giving him a hard time about that? He clearly hasn't dumped all his ethereum anyways so I don't know what you're rambling about. If he didn't cash out at least $10 mill to set himself up for life he'd be a moron.

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Quote from: spartak_t on June 22, 2017, 02:34:15 AM

That's right, folks. This is the difference between people like Charlie Lee, who left their job to focus on their creation and people like Buterin who "diversify" in boats and bitches. He just used other words such as "fiat", "real estate" etc.. What happened with "welcome to the beginning"? Many of you (at least I'd like to think so) are happy if they manage to sell 10 ETH (or BTC, or whatever) and buy back 11, while people like Vitalik are "diversifying" in something else. If you think that guys who are taking your money to fund their projects have the right not to believe in their creations, then you are free to call me a troll. The guy is already a millionaire in fiat and he's set for life, so he can easily afford an ETH/BTC/whatever failure, but no... he is "diversifying" in boats and bitches. What a hypocrite.............

My respect to this guy just vanished.

Source: https://twitter.com/CryptoChrisG/status/877667235795419137

You're just putting words in his mouth. He was just trying to make a point in Twitter that if he were to diversify he'd go for traditional investments. It doesn't necessarily mean he's doing it right now.

I get the hate against Buterin but there's no need to twist what somebody is trying to say just because you're excited to bring him down.

ceedtime

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Quote from: AmarO on June 22, 2017, 06:38:47 PM

Vitalik is just saying he has not had "100%" certainty in Crypto which is natural because it's an experimental technology. It is maturing very well with time though and everything seems to be on track. Vitalik is trying to get rid of the weak hands before Metropolis lol jk jk. Easy to hold ETH, if ETH collapses nearly all Crypto will, hold on to the big dog. Crypto is not crashing anytime soon though the Wall Street dudes are just starting to get interested. Wink

Nobody is 100% sure about crypto, yet the way Vitalik express his opinions is not consistent with the philosophy of blockchain technologies. Dude, we're talking about the creator of the second best coin, ethereum.

kilomoney

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great thread by op

Minecache

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Quote from: Sundark on June 22, 2017, 06:53:12 PM

Would you all feel better if Vialik said that Ethereum will be a huge success and there is nothing to be afraid of in the future?
At least he is honest with us, because there is no way to see how way ahead of us will look like.
Diversification of investment is first and the most important rule, stop blaming him for giving you good advice.

Exactly. He's not stupid enough to go baws deep 100% crypto is all he means. And I doubt the ETH and Vitalik hating trolls would either in their coinage of choice. Smart guy. He has wise old head on young shoulder blades. As we say in Vietnam.

Sundark

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Would you all feel better if Vialik said that Ethereum will be a huge success and there is nothing to be afraid of in the future?
At least he is honest with us, because there is no way to see how way ahead of us will look like.
Diversification of investment is first and the most important rule, stop blaming him for giving you good advice.

samus.aran

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Quote from: John Titor on June 22, 2017, 06:09:01 PM

Quote from: samus.aran on June 22, 2017, 06:03:37 PM

That's probably the reason why they dumped the BTCs right after the ETH crowdsale, when Bitcoin was very cheap.

Really? From what I remember they waited a bit to do that, and lost a shitload when bitcoin tanked down to $150, maybe it's that fake new or something...

You're right in this one... This is a more precise description of the facts. Anyway, it was a show of little confidence in Bitcoin.

AmarO

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Vitalik is just saying he has not had "100%" certainty in Crypto which is natural because it's an experimental technology. It is maturing very well with time though and everything seems to be on track. Vitalik is trying to get rid of the weak hands before Metropolis lol jk jk. Easy to hold ETH, if ETH collapses nearly all Crypto will, hold on to the big dog. Crypto is not crashing anytime soon though the Wall Street dudes are just starting to get interested. Wink

JosephTam

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The guy has seen an opportunity and he has taken it. He sold 25% of his stash in Ethereum, he's just like any other person out there looking to make money.

However, I hear your concerns. I think that in the back of some of these people's minds this is a short term venture and their heart may not be fully in it. Make as much money as you can in as short a period of time and get out of there is probably the mentality of the majority in cryto.

I personally think blockchain will be revolutionary and I am in this for the long run!

raiblock

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Quote from: John Titor on June 22, 2017, 06:09:01 PM

Quote from: samus.aran on June 22, 2017, 06:03:37 PM

That's probably the reason why they dumped the BTCs right after the ETH crowdsale, when Bitcoin was very cheap.

Really? From what I remember they waited a bit to do that, and lost a shitload when bitcoin tanked down to $150, maybe it's that fake new or something...

Well to put it in this light the it does look as if they were trying to get their own creation to leverage on bitcoin then now have it tank so to cash in some more.
Massive market manipulation or what?
On an epochal scale. Cool

John Titor

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Quote from: samus.aran on June 22, 2017, 06:03:37 PM

That's probably the reason why they dumped the BTCs right after the ETH crowdsale, when Bitcoin was very cheap.

Really? From what I remember they waited a bit to do that, and lost a shitload when bitcoin tanked down to $150, maybe it's that fake new or something...

samus.aran

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That's probably the reason why they dumped the BTCs right after the ETH crowdsale, when Bitcoin was very cheap.

benthach

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Quote from: care2yak on June 22, 2017, 11:26:07 AM

Quote from: spartak_t on June 22, 2017, 02:34:15 AM

That's right, folks. This is the difference between people like Charlie Lee, who left their job to focus on their creation and people like Buterin who "diversify" in boats and bitches. He just used other words such as "fiat", "real estate" etc.. What happened with "welcome to the beginning"? Many of you (at least I'd like to think so) are happy if they manage to sell 10 ETH (or BTC, or whatever) and buy back 11, while people like Vitalik are "diversifying" in something else. If you think that guys who are taking your money to fund their projects have the right not to believe in their creations, then you are free to call me a troll. The guy is already a millionaire in fiat and he's set for life, so he can easily afford an ETH/BTC/whatever failure, but no... he is "diversifying" in boats and bitches. What a hypocrite.............

My respect to this guy just vanished.

Source: https://twitter.com/CryptoChrisG/status/877667235795419137

omg! he said that?!?! he doesn't believe in his own project! respect for the guy and faith in eth has now vanished completely!

because he know his piece of shzit would broke down and useless

withche.07

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My respect to this guy didn't vanish cause I never even trust his project even if I bought lots of his coins in past, I basically sold in matter of days.
As everyone knows, he is right. Not really about fiat but completely right about real estates.
Real estates never lose value in increasing populations. And it never changes hands except war (which is very unlikely)

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