Originally published on: September 06, 2024
Ethereum co-founder, Vitalik Buterin, has decided to prioritize donations over investments, stating that the proceeds from selling Ether will go towards supporting public goods within the Ethereum ecosystem and broader charity initiatives. This decision came in response to accusations of personal profit-taking following a series of cryptocurrency transfers involving Buterin.
In response to a user’s inquiry on his investment policy, Buterin emphasized the importance of funding projects aligned with Ethereum’s values and mission. He expressed the belief that supporting valuable projects directly through donations is more beneficial than seeking returns for future charitable initiatives.
While acknowledging the possibility of using investment profits for good in the future, Buterin clarified that his current focus is on supporting projects he deems valuable. He also made it clear that he does not plan to invest in layer-2 or token projects outside of Ethereum, choosing instead to funnel resources through donations.
Buterin’s decision reflects his commitment to advancing the Ethereum ecosystem and promoting public good over personal financial gains. This strategic shift showcases his dedication to supporting initiatives that align with Ethereum’s core values and mission for the future.
