Ethereum co-founder Vitalik Buterin recently explained that he will no longer invest in layer-2 projects and that all proceeds from Ether sales will be donated “to support public purposes within the Ethereum ecosystem or charitable causes.”
Buterin’s comments came in response to questions raised by users on X about a series of recent cryptocurrency transactions he made. As Cafebitcoin recently reported, Buterin was accused by cryptocurrency users on social media of dumping millions of Ether (ETH) for personal gain. He later denied the accusations, saying that “all of the transactions were for the purpose of supporting various projects that he found valuable.”
On September 6, Buterin continued the conversation to respond to an X user who questioned his anti-investment policy. Buterin described the value as essentially giving money to companies that align with Ethereum’s values or those willing to commit to advancing its mission.
“Wouldn’t it be nice to invest in projects you believe in, with positive external factors, and then be able to put the profits/yields to good use in the future?” wrote Kelvin Santos, co-founder and CEO of crypto exchange Quiver Trade.
Donate vs. Invest
Buterin's response echoed Santos' comments but offered a different take on the idea of profits and returns:
The benefits you describe are real but currently seem outweighed by the benefits of taking a clear stance, setting an example, and gaining confidence that I'm not part of some conspiracy to distort the Ethereum protocol in favor of random infra/L2 Token I hold.
In the same conversation, Buterin made it clear that he has no intention of investing in layer-2 projects or Token outside of Ethereum in the near future. “My goal when giving money to projects is to support things that I believe have value,” he wrote, adding that “in the future, I plan to do this only with donations.”
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