Ethereum has been the second place since its introduction in 2014. However, the recent FTX collapses made Ethereum's reputation in question.
Why Vitalik Buterin reputation in question?
ChatGPT stated that:
Vitalik Buterin is a well-known figure in the cryptocurrency and blockchain space. He is the co-founder of Ethereum, one of the largest and most successful blockchain networks in existence. He is also a prominent thinker and researcher in the field, known for his contributions to the development of smart contracts and decentralized applications. He has a positive reputation in the community for his contributions to the development of blockchain technology and his efforts to promote the use of blockchain for social good.
He sent the positive vibe to help Ethereum to focus on social good rather than profit.
Similarly, SBF who was the CEO of the FTX also provided social good through different ways and pretended he was philanthropy to scam investors' funds.
Now, FTX collapsed and SBF was accused of fraud.
How can Vitalik Buterin be trusted?
Vitalik was supported SBF during the collapsing of the FTX and he sold massive assets during the collapse of the FTX was in question.
Since Ethereum 2.0 was locked, many investors could not sell their stakes during the market crash.
Many people predict that one Ethereum 2.0 was able to withdraw, people would take profits and it would bring down Ethereum a lot.
We should see what will happen after the Shanghai update.
Photo by Raphael Lovaski on Unsplash
Note: the post was shared on multiple platforms here.
Don’t forget to check out my new book here
You can refer my previous article lists here and here and here and here
Things that do not work out in crypto after 14 years of its creation
Crypto has a lying problem
Crypto bro problem
Crypto whales are exiting
History repeats itself
Banks stay away from crypto for now
Disputes between DCG and Gemini
New NFTs Trend
SEC Lawsuits
Why play to earn is a slavery game
Why AI is more convincing than blockchain
Bitcoin bond is nonsense
Bull market returns until
Bitcoin got one more problem
Deflation is coming
The thesis against Crypto Exchanges
Crypto liquidities
Crypto bear market isn't gone
Does Bitcoin negatively correlate to the dollar
