Ethereum co-founder Vitalik Buterin has voiced concerns about profit-driven models in blockchain protocols, specifically referencing platforms like Solana. He warned that such models could undermine Ethereum’s core values of decentralization and its social foundation.
Buterin highlighted the stark contrast between Ethereum’s vision and what he perceives as a “greed-is-good” mentality often associated with traditional finance, such as Wall Street. He reiterated that Ethereum’s guiding principles are rooted in open-source values, comparing Ethereum’s mission to pioneering projects like Linux and Mozilla.
In a recent statement, Buterin stressed that Ethereum’s original goal has remained constant: to build a global, censorship-resistant, permissionless blockchain. He pointed out that these principles are essential for maintaining the integrity of the network and ensuring it remains accessible to anyone, anywhere.
One key area where Buterin has expressed skepticism is the increasing calls for high-gas-limit layer-1 scaling solutions, which some blockchain competitors advocate for. He argues that such solutions could undermine Ethereum’s social and technical structure, which has supported the development of its ecosystem. Buterin is particularly wary of proposals that shift the focus away from Ethereum’s successful layer-2 scaling strategy, believing that adopting high-gas-limit layer-1 solutions would erode the values that have made Ethereum successful, including fostering research and development.
These comments come at a time of growing tension within the Ethereum community over issues of leadership and governance. Buterin’s reflections on scaling are seen as a defense of Ethereum’s current trajectory, which relies on layer-2 solutions to improve scalability without compromising decentralization.
In summary, Buterin’s latest remarks underscore his commitment to Ethereum’s original mission and his reluctance to embrace profit-driven, high-gas-limit scaling solutions that might jeopardize the network’s social structure and open-source ethos. As Ethereum continues to grow, these philosophical and technical debates will likely play a crucial role in shaping its future.
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