Wednesday, December 8, 2021

Vitalik Buterin: My Biggest Regret about Ethereum is the Whole ‘8 Cofounders’ Thing

Vitalik Buterin, the co-founder of Ethereum (ETH), has revealed his biggest regret about the world’s largest smart contracts platform during an Ask Me Anything (AMA) session conducted a couple of days ago, which involved the limited personalities he follows on Twitter, including the billionaire tech expert, Elon Musk.

Ethereum blockchain has evolved in just six years to become a platform for global settlement, moving relatively $9 billion in value on a daily basis through decentralized finance (DeFi) applications, non-fungible tokens (NFTs), among others.

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During the AMA session that involved influential people within and outside the blockchain and crypto ecosystems, different questions were directed at Vitalik Buterin who was relatively 20 years old when he launched Ethereum along with 7 other co-founders, including Charles Hoskinson, the founder of Cardano (ADA) and Gavin Wood, who founded Polkadot (DOT).

In the course of the AMA on Twitter, Sunny Aggarwal, the co-founder of Osmosis and Sikka, asked of his biggest regrets in his journey with Ethereum development so far.

Surprisingly, Vitalik Buterin said “The whole “8 cofounders” thing (and choosing them so quickly and nondiscriminately).”

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What Made 8 Ethereum (ETH) Co-Founders Part Ways?

The following are the eight Ethereum co-founders:

Vitalik Buterin, Canadian entrepreneur Anthony Di Iorio, programmer Jeffrey Wilcke, poker coach Mihai Alisie, SyNerG Music CEO Joseph Lubin, computer scientist Gavin Wood, mathematician Charles Hoskinson, and Amir Chetrit, who worked on Colored Coins.

Back then, there was a big debate on whether Ethereum should be a for-profit corporation or not. This issue caused a big division that made each of them go their separate ways, leaving only Vitalik Buterin who kept pushing through thick and thin.

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In a similar question asked during the AMA session, Buterin pointed out that “People are harder to tightly coordinate in small groups than I expected. You can’t just get everyone to sit around in a circle, see each other’s inherent goodness and get along, especially when huge incentive conflicts are at play.”


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Solomon Odunayo
Solomon Odunayo is a cryptocurrency journalist with over 3 years of experience in the crypto industry. He's sternly interested in covering developments of emerging and established blockchain projects.

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