Post
Topic
Board Altcoin Discussion
Re: Is Ethereum too tied to Vitalik Buterin?
by
CaVO32
on 27/06/2020, 22:37:55 UTC
Ever since Ethereum came into inception, Vitalik Buterin has been leading the way for the project's success. While I have nothing against this, sometimes I think it defeats the purpose of crypto in its entirety. There's a reason why Satoshi created Bitcoin in the first place without revealing his/her identity to the public. The fact that everybody knows who created Ethereum, could greatly put the project at risk in the future. For instance, if Vitalik dies or something bad happens to him, the price per Ethereum could plummet on the market. Everything Vitalik says has an impact (either directly or indirectly) on the project itself. With Bitcoin, that's not the case since no one knows who Satoshi was. His/her contribution led Bitcoin to take its own steps after he/she left the project. If Ethereum wants to become a truly decentralized cryptocurrency, the project needs to distance itself from the founder.

What are your thoughts? Do you think Ethereum is too tied to Vitalik Buterin? If not, please explain why. Your input will be greatly appreciated. Smiley
I think ethereum is the only blockchain network other than bitcoin that has developers working both independently and under a funded contract all around the world from various locations so i do not think that a project of such a scale can depend on a single person, no, never. Even when similar question was asked to Vitalik he clearly said that even i leave Eth tomorrow the project will continue. This just proves the solid decentralized roots of Ethereum as a project and that is the reason why market trusts ethereum the most as an alt.

I think that is a good answer here. Not many people know about this statement of Buterin, that even if he is not there or will leave anytime, Eth platform can still stand on its own. But we can't deny the fact that almost all users are tying up Buterin with Eth, so if in case he will leave eth, it may affect the position of eth in the market, even if they can continue with their respective developments. That is the dilemma here, if the supposed leader will "abandon" his platform, people will speculate a lot. But for now, Buterin is strongly supporting his platform.