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Vitalik Buterin Warns of Moral Reversal in Crypto Sector

Vitalik Buterin criticizes the crypto sector’s drift towards blockchain casinos, which he sees as a “moral reversal” that could demotivate him.

Vitalik Buterin, co-founder of Ethereum, has expressed concern about what he sees as a worrying trend in the crypto sector: the widespread acceptance of blockchain casinos. During an Ask Me Anything (AMA) session, he talked about his growing frustration with the criticism aimed at Ethereum for its reluctance to wholeheartedly embrace gambling platforms.

Peut-être que la chose la plus décevante pour moi récemment, c’est d’entendre quelqu’un dire qu’Ethereum est mauvais et intolérant parce que nous ne respectons pas assez les ‘casinos’ sur la blockchain, alors que d’autres blockchains acceptent toutes les applications et sont donc meilleures.

Vitalik sees this trend as a “moral reversal” in the sector. He even hinted that if this mindset became the norm, he would no longer be motivated to continue his involvement in the industry.

A crypto community that remains committed to its values

Despite his concerns, Vitalik nuance his remarks by pointing out that face-to-face interactions with members of the crypto community have given him a different perspective. Unlike online critics who condemn Ethereum for its lack of openness to gambling platforms, he observes that the sector’s fundamental values remain intact in physical exchanges.

J’ai une responsabilité envers cette communauté et je ne peux pas l’abandonner.

He encourages Ethereum actors to build together the ecosystem they want to see emerge, even if it means redefining the role of the Ethereum Foundation in supporting projects.

The Ethereum Foundation seeks to reconnect with its community

For several months, frustration has been building among Ethereum users, who criticize the Ethereum Foundation (EF) for drifting away from its community base. In response to this growing criticism, the non-profit organization is trying to improve its image and re-establish dialogue with its ecosystem. One of its most recent initiatives is the recruitment of a social media manager, a decision announced by Josh Stark, a long-time EF member.

We're putting together a team

Come be part of it, as a social media manager at the @ethereumfndn

pic.twitter.com/t5fUVpUGHI

Josh Stark (0xstark.eth) (@0xstark) February 20, 2025

A strategic position to rebuild communication

The role of the future social media manager will not be limited to managing the EF’s X, Facebook, and LinkedIn accounts. They will also need to be active on web3 platforms like Farcaster and Lens, while managing the official @ethereum account. The goal? To better communicate about protocol developments and re-engage the community. This is a significant challenge as the EF struggles to establish itself as an influential voice within its own network.

In its job posting, the EF emphasizes that it does not control Ethereum and that it is not the only entity funding its development.

Nous faisons partie d’un large écosystème d’organisations, d’individus et d’entreprises qui soutiennent Ethereum. Notre mission est de faire ce qui est le mieux pour le succès à long terme d’Ethereum.

The Ethereum Foundation adapting its strategy

Vitalik’s statements come as the Ethereum Foundation adjusts its funding policy. Recently criticized for selling Ether to fund its operations, it responded to community concerns by reinvesting 45,000 ETH (120 million dollars) in DeFi protocols like Aave, Spark, and Compound.

This shift has been well received, with many members seeing it as strengthening Ethereum’s position within the DeFi ecosystem. The Foundation also announced that it is exploring other strategies, including staking, and solicited the community’s input on the best ways to use its funds.

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