Vitalik Buterin Reveals the Most Disappointing Moment for Ethereum

Ethereum co-founder Vitalik Buterin has voiced concerns over criticisms directed at Ethereum’s stance on blockchain-based gaming applications. During a Wednesday AMA session on the chat app Tako, Buterin addressed user Mable Jiang’s inquiry about moments in the past year that left him frustrated or disappointed with the Ethereum Foundation, its community, or the industry. Jiang also asked if he had ever considered taking a break. In response, Buterin expressed his disappointment, particularly over criticisms that Ethereum is “bad and intolerant” for not embracing blockchain-based casinos as openly as other networks. “ Perhaps the most disappointing thing for me recently was when someone said that Ethereum is bad and intolerant because we don’t respect the ‘casinos’ on the blockchain enough, and other chains are happy to accept any application, so they are better.” He stated . Despite occasional online rants about the network, Buterin, however, noted he finds comfort in personal interactions with the Ethereum community, most of whom remain committed to the platform’s original values. “I have a responsibility to this community and cannot abandon them. We Ethereum need to work together to create the world we want to see,” he added. Buterin also suggested potential strategic shifts to enhance the network, emphasizing the need for structural improvements for the network and greater decentralization within the Ethereum Foundation. He noted that the foundation, which currently facing a backlash for lack of neutrality, might need to be less neutral at the application layer and take a more active role in supporting certain initiatives. “ This will require some changes,” he stated, adding , “But this project is worth doing.” Notably, Buterin’s response comes amid an ongoing debate in the blockchain space about balancing ethical considerations with open access. Some networks, like Solana, have taken a more permissive approach, welcoming applications across various sectors, including gambling and speculative ventures. However, this openness has also led to high-profile failures, such as the collapse of LIBRA, a meme coin on the Solana network. Recently, LIBRA collapsed, wiping out $4.5 billion in investor funds and causing a 15% drop in Solana’s value. Ethereum, in contrast, has long positioned itself as a network focused on decentralization, innovation, and long-term sustainability. These qualities have attracted institutional interest, with entities like BlackRock launching tokenized investment funds on the Ethereum network. Meanwhile, beyond his frustrations, Buterin remains actively engaged in Ethereum’s evolution, particularly its scalability through Layer 2 (L2) solutions. In January, he reaffirmed Ethereum’s commitment to scaling via L2s, identifying key challenges such as insufficient space for BLOB objects and L2 heterogeneity. He detailed upcoming upgrades, such as the Pectra update, which aims to enhance Ethereum’s transaction throughput with long-term goals, including achieving 100,000 transactions per second (TPS). He also underscored the importance of Ethereum’s economic model, advocating for ETH to serve as a “triple point asset,” functioning as a means of exchange, a consumable product, and a store of value. To strengthen Ethereum’s economic position, he proposed incentivizing L2 projects, optimizing rollup revenue structures, and adjusting BLOB pricing strategies.

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