Ethereum Founder Criticizes Metaverse Of Meta And Calls Michael Saylor A Clown

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2022-08-05 20:15:40

Vitalik Buterin’s latest move is quite negative when it comes to large projects and investment funds in the blockchain field.

Vitalik Buterin, Founder of the Ethereum Network

Vitalik Buterin thinks that Mark Zuckerberg is unlikely to succeed with the metaverse project

Sunday 31/07. Vitalik Buterin, the founder of Ethereum, expressed his opinion on Twitter about the future of the metaverse field. He also made a point of evaluating businesses looking to build the metaverse that they are unlikely to succeed in the near future.

Vitalik frankly admits that the metaverse “will grow” but that “all current efforts by companies to create Metaverse will go nowhere.” He pointed to Meta by name in the comment on his tweet: “Anything Facebook makes now will be a bomb.” The Ethereum founder argues that companies focusing on Metaverse will likely fail because “it is too early to know what people really want.”

Comments on the near future of the metaverse field
Vitalik Buterin points to only Facebook’s name

Vitalik has been known for his outspoken personality over the years, while he often uses his Twitter account and blog to discuss Ethereum’s technology and how decentralization can affect the world. Although he comments a lot on NFT because of his surprise at the boom in 2021 and does research on the speculative side of the market, he rarely discusses Metaverse.

Whether Vitalik Buterin’s views are right or wrong, it takes time to verify. But last Thursday (July 28), Meta announced that it was suffering a quarterly loss in the development of the metaverse of $2.81 billion. Thereby bringing the loss from the beginning of the year to now to $ 5.78 billion.

Vitalik Buterin Calls Bitcoin Tycoon Michael Saylor a Clown (Total Clown)

Michael Saylor is currently the CEO of MicroStrategy Incorporated with the mission of making Bitcoin the primary reserve currency. To date, the company has accumulated over 120,000 BTC units, and Saylor has always talked about how Bitcoin is the revolutionary currency for the new world order.

People like Michael Saylor are known as Bitcoin Maximizers. with the belief that no other digital currency has potential and future prospects. “Why do maximalists keep picking heroes that turn out to be total clowns?”

The move was in response to an earlier post Saylor had stated about securities law in the Decalogue: “The basis of securities law is that you must not lie, cheat, or steal. That’s the foundation of the law,” Saylor said. Thus, he rejects the popular argument that securities laws are outdated.

This is why Saylor views Ethereum as unethical. Earlier this month, he asserted that the second-largest cryptocurrency by market capitalization “is clearly a security.” In June, the boss of MicroStrategy also highlighted a “parade of haters” – alluding to altcoins actually hurting Bitcoin, urging the government to regulate the crypto industry as a whole.

The Ethereum community was quick to react to Saylor, recalling that the ardent Bitcoin advocate was charged with securities fraud by the US Securities and Exchange Commission (SEC) in 2000. Saylor paid a fines to settle with the regulator but not admitting or denying the allegations. The company is accused of reporting huge profits despite losses, thereby artificially increasing its value. Saylor lost a record $6 billion in just one day after incorrect book sales were exposed.

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