{"id":136328,"date":"2024-08-28T10:30:54","date_gmt":"2024-08-28T07:30:54","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136328"},"modified":"2024-08-28T01:49:12","modified_gmt":"2024-08-27T22:49:12","slug":"vitalik-buterin-reveals-90-of-his-wealth-is-in-ethereum-amid-community-concerns","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/vitalik-buterin-reveals-90-of-his-wealth-is-in-ethereum-amid-community-concerns\/","title":{"rendered":"Vitalik Buterin Reveals 90% of His Wealth Is in Ethereum Amid Community Concerns"},"content":{"rendered":"<p>Buterin <strong><a href=\"https:\/\/x.com\/VitalikButerin\/status\/1828448417585971661\" target=\"_blank\" rel=\"nofollow\">revealed<\/a> <\/strong>that about 90% of his net worth is in <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">ETH<\/a><\/strong>, signaling his confidence in the cryptocurrency.<\/p>\n<p>This comes amid debates within the Ethereum community regarding the platform\u2019s significance in decentralized finance (DeFi) and the importance of ETH\u2019s value for securing the network under its Proof of Stake (PoS) system. Some community members have expressed concern that the EF hasn\u2019t strongly advocated for ETH as a store of value, especially in light of recent significant transactions.<\/p>\n<p>One such transaction involved the transfer of 35,000 ETH (valued at $94 million) to the Kraken exchange, raising eyebrows over the potential market impact. Aya Miyaguchi, the EF\u2019s Executive Director, explained that the move was part of routine treasury management to meet operational costs, including grants and salaries, which require fiat currency.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/us-congressman-involved-in-high-volume-altcoin-trading\/\" title=\"US Congressman Involved in High-Volume Altcoin Trading\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/tradinggggavora-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">US Congressman Involved in High-Volume Altcoin Trading<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>In response to transparency concerns, EF member Josh Stark provided a breakdown of the Foundation\u2019s expenditures, including grants supporting the Ethereum ecosystem. The Foundation also plans to release a detailed financial report by the end of the year to address ongoing concerns.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GV_XwNeWMAAxWnG?format=jpg&amp;name=small\" alt=\"Image\"><\/p>\n<p>Despite the criticism, some community members defended the EF, pointing out that its spending is relatively minor compared to Ethereum\u2019s market cap. Meanwhile, Buterin\u2019s views on DeFi, particularly the sustainability of yields, have also sparked discussions, with some in the community emphasizing DeFi\u2019s critical role in the crypto space.<\/p>\n<p>As these conversations unfold, Ethereum \u201cwhales\u201d have been observed selling large amounts of ETH, further fueling discussions about the platform\u2019s future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum co-founder Vitalik Buterin recently addressed concerns about Ethereum&#8217;s role as a store of value, especially after scrutiny surrounding the Ethereum Foundation&#8217;s (EF) recent financial activities.<\/p>\n","protected":false},"author":3,"featured_media":34712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22,24],"tags":[],"class_list":["post-136328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vitalik Buterin Reveals 90% of His Wealth Is in Ethereum Amid Community Concerns<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/vitalik-buterin-reveals-90-of-his-wealth-is-in-ethereum-amid-community-concerns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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