{"id":14195,"date":"2024-06-10T10:49:41","date_gmt":"2024-06-10T07:49:41","guid":{"rendered":"https:\/\/forklog.com\/en\/wintermute-ceo-criticizes-buterin-for-attempting-to-build-socialism\/"},"modified":"2024-06-10T10:49:41","modified_gmt":"2024-06-10T07:49:41","slug":"wintermute-ceo-criticizes-buterin-for-attempting-to-build-socialism","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/wintermute-ceo-criticizes-buterin-for-attempting-to-build-socialism\/","title":{"rendered":"Wintermute CEO Criticizes Buterin for Attempting to &#8220;Build Socialism&#8221;"},"content":{"rendered":"<p>The hypothetical collapse of Ethereum will not occur due to Solana&#8217;s higher <span data-descr=\"transactions per second\" class=\"old_tooltip\">TPS<\/span>, but rather because of the duality in its leaders&#8217; positions, according to Wintermute CEO Evgeny Gaevoy.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">If ETH fails in the future it wont be because &#8220;Solana is faster&#8221;, it will be because the eth &#8220;elite&#8221; is still stuck in a massive contradiction<\/p>\n<p>Blockchain tech is impressively super well conductive to create purely capitalist incentive based systems<\/p>\n<p>At the same time vitalik,\u2026 <a href=\"https:\/\/t.co\/VJwxWN3mRN\">https:\/\/t.co\/VJwxWN3mRN<\/a><\/p>\n<p>\u2014 wishful cynic (@EvgenyGaevoy) <a href=\"https:\/\/twitter.com\/EvgenyGaevoy\/status\/1798628027758268701?ref_src=twsrc%5Etfw\">June 6, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The head of the market maker responded to recent statements by Vitalik Buterin regarding celebrities&#8217; &#8220;experiments&#8221; with meme coins.<\/p>\n<p>The co-founder of the second-largest cryptocurrency by market capitalization urged a focus on projects aimed at public goods rather than enriching insiders. He cited the NFT collection and animated series Stoner Cats by Ashton Kutcher and Mila Kunis from 2021 as &#8220;more honorable&#8221; celebrity involvement.<\/p>\n<p>Gaevoy believes blockchain fosters the development of incentive-based capitalist systems. Buterin and Uniswap co-founder Hayden Adams attempt to address related issues by advocating for socially worthy goals and asserting this commitment among key developers. The expert also recalled the &#8220;endless attempts to deal with MEV.&#8221;<\/p>\n<p>The Wintermute CEO is convinced that one cannot simultaneously build a capitalist and a planned socialist system. For this reason, Gaevoy prefers the former, despite its &#8220;ugly reputation,&#8221; because &#8220;it actually works.&#8221;<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;You either create capitalism or planned socialism. Sorry, but you really can&#8217;t have both,&#8221;<\/em> he emphasized.<\/p>\n<\/blockquote>\n<p>In May, Buterin <a href=\"https:\/\/forklog.com\/en\/news\/vitalik-buterin-reflects-on-ethereums-technical-missteps\">listed<\/a> five blockchain architectural decisions he would like to change if possible.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The hypothetical collapse of Ethereum will not occur due to Solana&#8217;s higher TPS, but rather because of the duality in its leaders&#8217; positions, according to Wintermute CEO Evgeny Gaevoy. If ETH fails in the future it wont be because &#8220;Solana is faster&#8221;, it will be because the eth &#8220;elite&#8221; is still stuck in a massive [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,1138,842,200,1149],"class_list":["post-14195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-opinions","tag-politics","tag-vitalik-buterin","tag-wintermute"],"aioseo_notices":[],"amp_enabled":true,"views":"42","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=14195"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14195\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/14194"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=14195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=14195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=14195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}