Also a victim of the crash of the stablecoin LUNA?Ethereum founder says he’s no longer a billionaire

He is also one of the victims of the crash of the stable currency LUNA. Of course, he will not buy LUNA coins, but the impact of this crash is too great, and it also affects the value of the cryptocurrency in his hands.

Ethereum co-founder Vitalik Buterin said on Twitter on Friday that he is no longer a billionaire.

Buterin, who co-founded the ethereum network in 2014, had plunged 59 percent as of Friday from a high of around $4,800 reached in November 2021. At its peak, Buterin’s ethereum holdings were worth $1.5 billion at one point.

In another tweet on Friday, Buterin said: “Ultimately you make mistakes in your beliefs, (especially if you’re in politics, but also in some other fields) to correct that mistake means admitting the previous I did something wrong and contributed negative value to the world.”

He also discussed the trade-off between “open mind” and “passion,” while expressing support for the ethereum blockchain he helped create. “Followers take note: no, ethereum is not a bug,” he wrote.

Buterin, a Canadian programmer born in Russia, is also one of the victims of the crash of the stablecoin LUNA. Of course, he will not buy LUNA coins, but the impact of this crash is too great, and it also affects the value of the cryptocurrency in his hands.

But it is worth mentioning that Vitalik Buterin is actually very opposedThe “algorithmic stability” mechanism of Terra (LUNA) stablecoin, he once said ““Algorithmic stability” is a promotional term that is distinct from other stablecoins that are backed by assets.

Changpeng Zhao, the founder of Binance, joked last week that due to the collapse of the stable currency LUNA, he has “returned to the original” overnight.

However, Changpeng Zhao did not really go bankrupt because of this. His net worth was estimated to be around $14.8 billion as of last Thursday. Most of his wealth likely comes from his roughly 70% stake in Binance.

Join T Kebang Facebook Fan Group

Similar Posts

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.