Ethereum Co-Founder Vitalik Buterin Takes to Twitter to Express Annoyance With the Media
Vitalik Buterin has been rather active over his Twitter account over the past 24 hours to clarify the statements he made in a recent interview
Many media outlets and Twitter users came to suggest that Vitalik did not believe in future growth for cryptos. In response, he posted a string of Tweets yesterday, showing much of his displease at the misguided nature in which social media took his comments. He tweeted:
To be clear, I never said that there is “no room for growth” in the crypto ecosystem. I said there is no room for *1000x price increases*. A 1000x price increase from today means $200T in crypto, or ~an entire 70% of today’s global wealth being in crypto.
— Vitalik Non-giver of Ether (@VitalikButerin) September 12, 2018
Many had taken a misguided notion over Buterin’s comments regarding crypto growth, which made him clarify his stance that in the interview, he mentioned 1000x price growth instead of overall growth for the crypto space. He further shared that greater advancement in the crypto eco-system will now come from actual usage. He said:
What I *actually* said is that, because large portions of the population have already heard of crypto, further growth of crypto in any sense must come from *depth* (ie. actual usage), and not bringing in more attention
— Vitalik Non-giver of Ether (@VitalikButerin) September 12, 2018
Buterin also took a sly dig at Tron Foundation founder, Justin Suntron, who has previously claimed that the TRX is better than ETH. The two have had earlier confrontation over Twitter and are often seen involved in making thinly veiled jibes against each other.
Me: obviously, let’s be realistic, the entire world wealth is not going to turn into cryptocurrencies…
Media: VITALIK IS A PESSIMIST!!!!!1!!1!
Guys, if you spin things this way you’re *incentivizing* people to act more like @justinsuntron
— Vitalik Non-giver of Ether (@VitalikButerin) September 12, 2018
Vitalik Buterin made comments in that interview, where he said turning a few bucks into a million dollars worth of cryptocurrency are now over, pointing towards greater maturity that the market has seen which makes it rather difficult to see sky rocketing prices as that of 2017.
In the very interview, he suggested that blockchain technology is now at a point where it can see the roof and soon enough, there might not be much more room for advancement and attention in the space. He said:
The blockchain space is getting to the point where there’s a ceiling in sight. If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.
