Vitalik Buterin on Ethereum Dependency: “ETH Can Absolutely Survive Me Spontaneously Combusting Tomorrow”
Buterin: “I Think Ethereum Can Absolutely Survive Me Spontaneously Combusting Tomorrow”
After a heated argument on Twitter, Vitalik Buterin, the most famous of the co-creators of the Ethereum Network, has affirmed that the ETH network is basically self-sufficient at this point and that it would be able to survive without him if he ever got out the game (by “spontaneous combustion”, he suggested at the occasion).
— vitalik.eth (@VitalikButerin) October 5, 2018
Will Buterin Detach From Ethereum?
The debate started as part of a social media argument in which people ended up accusing Vitalik Buterin of pumping Ethereum. He affirmed that the Ethereum network could do well on itself and that it would have a future even if he was unable to continue to contribute to it.
As you might know, Vitalik Buterin has a lot of Ethereum. He was accused of “pumping” his ETH holdings, which was largely pre-mined and when asked if he was planning to take a back seat in the future of the asset, he replied that this was already in progress and that the network would simply do well without him.
Ethereum Maintains Support
Even without Buterin in the future, it is clear that the Ethereum network will continue to be strong. At the moment, the currency is facing a strong suppression of price as the ETH/USD trading pair is hitting 15-month lows now and trading just under $170 USD.
Despite these issues, Weiss Ratings claimed that Ethereum would take half of Bitcoin’s market in the future and a forecast made by Tetras Capital has stated that there is space for Ethereum to grow back in price at the moment. They seem to consider Bitcoin to be a “one-trick pony” and a considerably more limited technology while Ethereum is certainly backed by a superior technology, which will make a difference in the future.
Also, third party development continues to be very strong in the Ethereum network and Bitfinex will release an Ethereum dedicated platform in some weeks. Many people believe seem to believe in the future of Ethereum whether Buterin will stay as a developer or not.