Vitalik Buterin, the Ethereum creator and co-founder, wrote a blog post on Friday defending "Bitcoin maximalism" with persuasive argument and detail. Although the post appears to be mostly genuine, its release on April Fools' Day raises a slew of suspicions regarding his true motives.
Although the post appears to be mostly genuine, its release on April Fools' Day raises a slew of suspicions regarding his true motives.
The maximalist ethos opposes any changes to Bitcoin itself, while simultaneously claiming that more complicated blockchain systems have fundamental and inescapable problems. Buterin's admiration for maximalists is surprising, given that Ethereum is the most frequent and high-profile target of maximalist criticism, owing to the fragility brought by the smart contract features' complexity.
Buterin appears to repeat these criticisms of the system he created in his piece, including a jab at Ethereum's ideas to produce money for developers. He even criticizes his own practice of engaging with morally dubious business and political leaders verbally.
"Some of these persons... are actually involved in major human rights violations that Vitalik strongly opposes," writes Vitalik. "Does Vitalik comprehend how much some of these folks are at odds with each other geopolitically?"
While this may be interpreted as an ironic troll, Buterin appears to be utilizing the inherent ambiguity of an April Fools' publication date to highlight the nuance and complexity of the discussion over maximalism.
His apparent “attacks” on Ethereum are best interpreted as making the case that the crypto ecosystem encompasses many different approaches, even when he ramps up the rhetoric for April Fools’ trolling purposes. He describes “team ‘blockchain’” – implicitly including many Ethereum folks – as “privileged people in wealthy countries who love to virtue-signal about ‘moving beyond money and capitalism’ and [who] can't help being excited about ‘decentralized governance experimentation’ as a hobby.” By contrast, he describes “Team ‘Bitcoin’” as “a highly diverse group of both rich and poor people … who are actually using the capitalist tool of free self-sovereign money to provide real value to human beings today.”
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