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Ethereum's development community is experiencing a renewed focus on utility and moral building, according to various commentators. Some believe that the departure of opportunistic investors has paved the way for a more earnest and constructive environment. Advocates argue that the platform has the potential to serve the unbanked population globally, which numbers approximately 1.4 billion, and that its decentralized nature can democratize capital formation. However, Ethereum core developer Péter Szilágyi expressed disappointment in the broader cryptocurrency industry, likening it to a casino and noting that speculative elements overshadow genuine value creation. This sentiment reflects a growing concern within the community about the direction of the industry amidst ongoing market challenges.
Ethereum core developer Péter Szilágyi expressed his disappointment in the cryptocurrency industry: Crypto is a damn casino and speculative aspects outrank the true values way too heavily. All crypto achieved was a huge value transfer, but I fail to see any value creation thus…
Never thought I’d see the day where I might believe in Ethereum more than an Ethereum team lead. I get it, it can seem like other industries are changing the world while crypto is building casinos and toll roads All through 2019 I got annoyed being constantly pitched ICOs and… https://t.co/hNc3zamVG8
Ethereum team lead fails to see "any value creation thus far" in crypto. Doesn't he know that 1.4B people globally are unbanked. Even in the US, it's 4.5%. Already the 2021 study by the Fed itself found that high-income individuals treat crypto as investment, but poorer use for… https://t.co/c9mjJvxRd1 https://t.co/K6WvCiMhmc