Vitalik Buterin scolds millionaires for their arrogance

Key facts:
  • Buterin believes that people who have a lot of money can use it to support public goods like the Internet.

  • In his view, people are repeating 20th century behaviors but with themselves at the top.

“There are honorable ways to burn 50 million dollars more than buying a luxury yacht to impress people.” With this phrase, Ethereum co-founder Vitalik Buterin encouraged more than four million followers on Twitter to donate to various public projects through Gitcoin grants.

The famous developer known as Ethereum said in a publishing In that social network His goal is to make the world more like Daath Ilan, a fictional world invented by writer Eliezer Yudkovsky, who usually expresses himself on topics related to artificial intelligence. In Dath Ilan the society is more advanced in terms of public policy, education and advancement without having more technology than the world today.

In a tweet, Ethereum developer Vitalik Buterin mentioned more honorable projects where it would be better to burn money
Vitalik Buterin believes that millionaires can use their money for more altruistic causes. Line: @VitalikButerin / Twitter

Vitalik Buterin’s reference to this world relates to “a utopia where, instead of flaunting their money by wasting it on worthless follies, the rich wish to use it to subsidize public goods.”

For this developer, the community should “try to implement visions like these, and not just repeat non-fiction nonsense from the 20th century, except with us at the top”.

Vitalik Buterin’s support for the initiative was eloquentso much so that the co-founder of Ethereum went so far as to say, in his opinion, “All Gitcoin donors deserve beautiful and large statues in the metaverse to honor their contributions.”

Other projects supported by Vitalik Buterin

But it is not the first time that Vitalik Buterin has lent his support to projects aimed at improving the Internet we use today. As reported by CriptoNoticias, the developer recently expressed that web3 proposes a model for the internet that solves the problems of centralization, privacy and security of interest to its users today.


There are also other Ethereum projects that have received Vitalik Buterin’s approval before the public. One of his favorites is UBI, the token that performs the provisioning function comprehensive basic income For those who validate their identity in the Proof of Humanity protocol.

What is Gitcoin and what is its function

Gitcoin is a fundraising platform for various projects related to technology More precisely, to an “open-source, collaborative, and economically enabled Internet”. On this platform, developers of protocols, infrastructure and tools can get the funding they need to implement the projects they offer.

This financial assistance can be provided through award-winning hackathons, rewarded research programs, or community grants.

According to the official website data, $64.8 million has been distributed to over 2,800 projects created on Gitcoin, which has 312,000 active developers. The platform has a section that presents practical and educational materials for programmers. In addition, there is a network space and has a Decentralized Autonomous Organization (DAO) to manage the protocol.

The graph shows the increase in funding contributions to open source software development on GitCoin over the years
Detailing Gitcoin’s contributions to web3 projects in recent years. Source: Gitcoin

In the current round of donations, It is possible to collaborate with projects such as Coinbase, Polygon, Graph Protocol, Unlock Protocol, Chainlink, ENS Domains and Aave, among many other things that the developer has flagged in his post. At the time of writing this article, there are still 13 hours left to contribute to these projects.






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