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Of all the crypto-quadrillionaires out there, I trust Vitalik the most to not be just in it for the cash. He really does have a vision for Ethereum's place in

Of all the crypto-quadrillionaires out there, I trust Vitalik the most to not be just in it for the cash. He really does have a vision for Ethereum's place in the world, whether or not you agree with it. He's conspicuously burned or donated hundreds of millions of dollars (albeit not super liquid) in other crypto assets basically because they were a distraction. He's given away billions in Eth, and has approximately 0 conspicuous consumption.

ashtonkem 5y ago
He’s one of the very few ones I merely disagree with.
gruez 5y ago
> He's given away billions in Eth Source? Also, is it "billions" ...of ETH? ...of dollars? At present market value? Or market value at the time of transaction?
- johnnyApplePRNG 5y ago
  There are less than 117 million ETH in existence.
  - hanniabu 5y ago
    Hilarious to see how some comments that are objectively and verifiably true, like this one, are being downvoted.
- bogota 5y ago
  https://www.google.com/amp/s/www.forbes.com/sites/ninabambysheva/2021/05/12/ethereums-co-founder-vitalik-buterin-donates-over-1-billion-to-india-covid-relief-fund-and-other-charities/amp/ https://www.google.com/amp/s/www.forbes.com/sites/ninabambys... It was 1 billion at time of donation but sits at about 400MM now. Im not sure about his eth donations but he has shown he isn’t greedy for money. The above was talking in dollars not ETH.
  - gruez 5y ago
    >https://www.google.com/amp/s/www.forbes.com/sites/ninabambys https://www.google.com/amp/s/www.forbes.com/sites/ninabambys... >It was 1 billion at time of donation but sits at about 400MM now The source you provided says he donated $1B in various tokens/coins, not in ETH (as bpodgursky originally claimed). This is an important distinction, because a $1B donation in a very thinly traded coin/token is worth significantly less than a $1B donation in a popular cryptocurrency like eth/btc. The same source also says he only has about $1B in ETH, which makes me even more doubtful he actually donated $1B (in value after liquidation, not at market price).
    - dogecoinbase 5y ago
      This is exactly correct. Many people gave him various coins (typically in the hope that he would then promote them) -- he gave those away. I guess it worked, because you now have people saying "He's given away billions in Eth".
      - kingleo23 5y ago
        He definitely should have checked and publicly acknowledged the market depth and been more cognizant of the local market top before giving away a mere 400mm of his private wealth to charity. He used coins dumped to his public address by scam projects attempting to co-opt his legitimacy to fool naïve investors and in one stroke stopped that practice and donated a 9 figure sum to Covid relief in India and other causes.
coralreef 5y ago
Vitalik has the intelligence to back it up. Waterloo dropout, Thiel fellowship, the guy is the smartest in the space.

ashtonkem 5y ago

He’s one of the very few ones I merely disagree with.

gruez 5y ago

> He's given away billions in Eth Source? Also, is it "billions" ...of ETH? ...of dollars? At present market value? Or market value at the time of transaction?

johnnyApplePRNG 5y ago
There are less than 117 million ETH in existence.
- hanniabu 5y ago
  Hilarious to see how some comments that are objectively and verifiably true, like this one, are being downvoted.
bogota 5y ago
https://www.google.com/amp/s/www.forbes.com/sites/ninabambysheva/2021/05/12/ethereums-co-founder-vitalik-buterin-donates-over-1-billion-to-india-covid-relief-fund-and-other-charities/amp/ https://www.google.com/amp/s/www.forbes.com/sites/ninabambys... It was 1 billion at time of donation but sits at about 400MM now. Im not sure about his eth donations but he has shown he isn’t greedy for money. The above was talking in dollars not ETH.
- gruez 5y ago
  >https://www.google.com/amp/s/www.forbes.com/sites/ninabambys https://www.google.com/amp/s/www.forbes.com/sites/ninabambys... >It was 1 billion at time of donation but sits at about 400MM now The source you provided says he donated $1B in various tokens/coins, not in ETH (as bpodgursky originally claimed). This is an important distinction, because a $1B donation in a very thinly traded coin/token is worth significantly less than a $1B donation in a popular cryptocurrency like eth/btc. The same source also says he only has about $1B in ETH, which makes me even more doubtful he actually donated $1B (in value after liquidation, not at market price).
  - dogecoinbase 5y ago
    This is exactly correct. Many people gave him various coins (typically in the hope that he would then promote them) -- he gave those away. I guess it worked, because you now have people saying "He's given away billions in Eth".
    - kingleo23 5y ago
      He definitely should have checked and publicly acknowledged the market depth and been more cognizant of the local market top before giving away a mere 400mm of his private wealth to charity. He used coins dumped to his public address by scam projects attempting to co-opt his legitimacy to fool naïve investors and in one stroke stopped that practice and donated a 9 figure sum to Covid relief in India and other causes.

coralreef 5y ago

Vitalik has the intelligence to back it up. Waterloo dropout, Thiel fellowship, the guy is the smartest in the space.