Wintermute CEO Evgeniy Gaevoy announced contradictions among the “elite” of the Ethereum community. This is how he commented on the statements of blockchain developer Vitalik Buterin and founder of the Uniswap exchange Hayden Adams regarding memcoins.
If ETH fails in the future it wont be because “Solana is faster”, it will be because the eth “elite” is still stuck in a massive contradiction
Blockchain tech is impressively super well conductive to create purely capitalist incentive based systems
At the same time vitalik,… https://t.co/VJwxWN3mRN
— wishful cynic (@EvgenyGaevoy) June 6, 2024
According to the head of Wintermute, blockchain technology is excellent for creating “purely capitalist schemes” based on a system of incentives. At the same time, some members of the Ethereum community are trying to solve this “problem,” Gaevoy noted.
In his publication, he referred to Buterin and Adams. It is they, according to Gaevoy, who are trying to solve the non-existent problem of capitalism by fighting memcoins and MEV.
He quoted them as saying that projects in the Ethereum ecosystem “can only be respected if the purpose for their creation is worthy.” According to Gaevoy, the “elite” of the community is trying to build planned socialism, which is why contradictions arise.
The essence of the controversy surrounding memcoins
In early June 2024, Vitalik Buterin publicly criticized memcoins. In his opinion, such projects should have at least minimal value for the community. The object of criticism was the MOTHER token of singer Iggy Azalea.
She, in turn, responded to Buterin’s statement with a cartoon with the caption: “He was just hungry.”
He was just hangry pic.twitter.com/AlTwEtfIKd
— IGGY AZALEA (@IGGYAZALEA) June 5, 2024
Hayden Adams commented on Azalea’s publication. According to him, the singer only confirmed Buterin’s words. He recommended that Azalea use the profits from the project to solve social problems.
No issues with memecoins or celebcoins — I think there’s value to memetic attention and it’s cool to create markets for it
That said, the underlying purpose and value of the tech goes way beyond financial games. And the best builders in the space are motivated by positive social… https://t.co/FQhawNl7GP
— hayden.eth 🦄 (@haydenzadams) June 6, 2024
Also, according to Adams, Buterin, first of all, wants such projects to be of interest in themselves and to go “beyond financial schemes.” Neither he nor the co-founder of Ethereum are against memcoins as such, Adams emphasized.
Source: Cryptocurrency
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