Altcoins News
By James Thorp
1 / 11
David Vorick had his thoughts about Vitalik's recent meme coin donations: I believe these donations were immoral, though I also believe Vitalik had honest intentions.
2 / 11
This has the net effect of involuntarily turning Vitalik into a billboard for the project. The tokens of this project are now one of his biggest holdings, it's a material part of…
3 / 11
Vitalik's response was to sell some of the coins and donate the rest, effectively leveraging the power he was given as the main financial institution of the project to fund…
4 / 11
Imagine that someone declared Elon Musk as CEO of their company. And Elon Musk says "I didn't want this role, but since I'm CEO I might as well sell/donate all the stock and put…
5 / 11
If you zoom out a little bit, any money received by charities did not originate from Vitalik's wealth. And it also did not originate from the founders of the meme coin project.
6 / 11
Vitalik effectively took it upon himself to do a massive wealth transfer from token's speculators to a charity of his choice, against the expectations, intentions, and desires of…
7 / 11
Vitalik should have burned the coins. He resolves the problem where he's a massive unwilling billboard for the project, and also avoids the ethical mess of taking money from…
8 / 11
He also stated, “"I'm mad at one of the only corporations in America that genuinely cares about the environment so I'm going to give my money instead to one of the corporations…
9 / 11
Good reminder that the people make the product. Ownership is not leadership. This probably is a reinstatement to how important it is to be truly decentralized without getting…
10 / 11
Noteworthy, 90% of buyers are there simply to make fast money. Not because they have a positive nor negative feeling towards any token.
11 / 11
If people have the right to infringe on the rights of others (e.x. by pouring their money into a technology that's killing the planet - and therefore billions of other people -…
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