Vitalik Buterin, the co-founder of Ethereum, the second-largest cryptocurrency by market capitalization, has seen a noticeable decline in his activity on the social media platform X, formerly known as Twitter. This decrease has drawn attention, with speculation arising about the reasons behind it.
The issue came to light after an X user, known as “Autism Capital,” pointed out Buterin’s diminished presence on the platform. Autism Capital suggested that Buterin’s increased engagement with the cryptocurrency community on X would benefit Ethereum. The user argued that he should prioritize interaction on X rather than limiting himself to a niche platform.
Read Also: Former Ethereum Advisor Speaks on the Legitimacy of Vitalik Buterin’s Interest in Ripple and XRP
Elon Musk Enters the Conversation
Interestingly, Autism Capital’s remark caught the attention of X’s owner, Elon Musk. Musk, known for his influence in the technology and cryptocurrency sectors, expressed curiosity about Buterin’s reduced activity. In a tweet on March 25, 2024, he directly inquired, “Why did he leave?”
Why did he leave?
— Elon Musk (@elonmusk) March 25, 2024
This tweet sparked a wave of humorous responses from crypto enthusiasts on X. Some users suggested that Musk’s stance against enabling cryptocurrency payments on the platform might be a contributing factor to Buterin’s decreased engagement.
Buterin’s Activity on X Compared to Farcaster
Before Autism Capital’s observation, Buterin’s last X post was on March 17th, where he discussed the Ethereum Name Service (ENS). However, following the user’s comment, Buterin made another post highlighting ENS’s capabilities. Notably, Buterin has been significantly more active on Farcaster, a decentralized social media platform popular within the crypto community.
In February 2024, Buterin publicly praised Farcaster, expressing his belief in its long-term viability as a social media platform. He further argued that Farcaster’s unique channel feature surpasses X’s functionalities. While Buterin boasts over 5.2 million followers on X, he maintains a following of over 180,000 on Farcaster.
It’s important to consider that a significant portion of Buterin’s X followers are likely crypto enthusiasts. This suggests that X potentially offers a wider reach to this specific audience compared to Farcaster. However, X posts from Buterin often attract spam and promotions for various crypto tokens and according to him, this negative aspect of the platform is part of the contributing factor to his reduced engagement.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: Shibburn Shares Likely Shiba Inu Price All-time High Without Vitalik Buterin 2021 SHIB Burn
Ethereum Faces Regulatory Uncertainty
On the other hand, Ethereum is currently under scrutiny as the U.S. Securities and Exchange Commission (SEC) has intensified its focus on the cryptocurrency market, with Ethereum now under investigation. This development raises concerns within the crypto community, as the SEC’s decision could significantly impact Ethereum’s future.
Bill Hinman, a senior SEC official, previously declared Ethereum a non-security in 2018. However, the current investigation, as reported by Times Tabloid, suggests a potential shift in the agency’s stance, and Ethereum might just be on its way to being termed a security.
Follow us on Twitter, Facebook, Telegram, and Google News.
