{"id":71794,"date":"2022-12-21T19:30:14","date_gmt":"2022-12-21T17:30:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=71794"},"modified":"2025-09-08T11:09:35","modified_gmt":"2025-09-08T08:09:35","slug":"paxful-ceo-criticises-ethereum-and-announces-delisting-of-the-asset","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/paxful-ceo-criticises-ethereum-and-announces-delisting-of-the-asset\/","title":{"rendered":"Paxful CEO criticises Ethereum and announces delisting of the asset"},"content":{"rendered":"<p>Paxful chief executive Ray Youssef told customers in a newsletter that on December 22 at 15:00 (MSK) the platform will delist Ethereum.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We finally kicked <a href=\"https:\/\/twitter.com\/hashtag\/ethereum?src=hash&#038;ref_src=twsrc%5Etfw\">#ethereum<\/a> off our marketplace. 11.6m humans safer. Integrity over revenue \ud83e\udd1d\ud83c\udffd Who is next ? <a href=\"https:\/\/t.co\/JTJXa5RYJ8\">pic.twitter.com\/JTJXa5RYJ8<\/a><\/p>\n<p>\u2014 Ray Youssef (@raypaxful) <a href=\"https:\/\/twitter.com\/raypaxful\/status\/1605529289054527488?ref_src=twsrc%5Etfw\">December 21, 2022<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abThe biggest problem in the world is economic apartheid. This is the root of all human suffering. I want to see a world in which Bitcoin frees billions of people held by this evil system, especially the suffering residents of the Global South. That&#8217;s why I created Paxful \u2014 to fulfil this mission\u00bb, he wrote.<\/p>\n<\/blockquote>\n<p>Youssef also listed specific reasons for Ethereum&#8217;s delisting:<\/p>\n<ul class=\"wp-block-list\">\n<li>change of algorithm from <a href=\"https:\/\/forklog.com\/en\/news\/what-is-the-proof-of-work-pow-algorithm\">Proof-of-Work<\/a> to <a href=\"https:\/\/forklog.com\/en\/news\/proof-of-stake-how-it-works-and-why-it-is-so-popular\">Proof-of-Stake<\/a>, which caused the second-largest cryptocurrency by market capitalization to lose its uniqueness and resemble a digital form of fiat;<\/li>\n<li>decentralisation and control of Ethereum by a small group of people;<\/li>\n<li>numerous scams worth billions of dollars, despite some successful use cases of the ecosystem.<\/li>\n<\/ul>\n<p>According to Paxful&#8217;s CEO, scams created thanks to tokenization opportunity \u201cstole Bitcoin&#8217;s valuable moment\u201d and cost proponents of digital gold \u201cseveral years of progress.\u201d<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abWe are not perfect, but we will always do the right thing, even if it is unpopular and costs us money,\u00bb he wrote.<\/p>\n<\/blockquote>\n<p>In December, Youssef <a href=\"https:\/\/forklog.com\/en\/news\/paxful-ceo-urges-self-custody-of-bitcoin\">urged<\/a> Bitcoin holders to store their cryptocurrency themselves rather than using centralized exchanges.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\" noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paxful chief executive Ray Youssef told 11.6 million customers in a newsletter that on December 22 at 15:00 (MSK) the platform will delist Ethereum.<\/p>\n","protected":false},"author":1,"featured_media":71795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,46,1526],"class_list":["post-71794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-ethereum","tag-paxful"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/71794","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=71794"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/71794\/revisions"}],"predecessor-version":[{"id":71796,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/71794\/revisions\/71796"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/71795"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=71794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=71794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=71794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}