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Avalanche (AVAX) Founder Emin Gün Sirer Warned About These Projects Occupying the Agenda: “He said garbage
Avalanche (AVAX) founder Emin Gün Sirer criticized the latest popular topic of cryptocurrencies in his statement.
Avalanche's Turkish founder, Emin Gün Sirer, issued a harsh warning about the proliferation of Layer-2 (L2) projects in the cryptocurrency market, especially after Ethereum's latest Dencun update.
Sirer warned that many of these L2 projects, which he called “garbage,” are trying to fill the void left by FTX founder Sam Bankman-Fried (SBF), who has been accused of fraud. He criticized these projects for using centralized sequencers without anti-fraud practices and for divesting their founders' personal tokens before launch. He likened these practices to manipulation games played by SBF:
“We all ignored the big red flags about SBF because he 'looked smart' and 'made a lot of money.' Then it turns out he was an idiot, a sociopath, and was stealing our money. Sirer also warned that the next cycle will be even more violent and worse behavior will be displayed.
Taken from Bitcoin System.
Avalanche (AVAX) Founder Emin Gün Sirer Warned About These Projects Occupying the Agenda: “He said garbage
Avalanche (AVAX) founder Emin Gün Sirer criticized the latest popular topic of cryptocurrencies in his statement.
Avalanche's Turkish founder, Emin Gün Sirer, issued a harsh warning about the proliferation of Layer-2 (L2) projects in the cryptocurrency market, especially after Ethereum's latest Dencun update.
Sirer warned that many of these L2 projects, which he called “garbage,” are trying to fill the void left by FTX founder Sam Bankman-Fried (SBF), who has been accused of fraud. He criticized these projects for using centralized sequencers without anti-fraud practices and for divesting their founders' personal tokens before launch. He likened these practices to manipulation games played by SBF:
“We all ignored the big red flags about SBF because he 'looked smart' and 'made a lot of money.' Then it turns out he was an idiot, a sociopath, and was stealing our money. Sirer also warned that the next cycle will be even more violent and worse behavior will be displayed.
Taken from Bitcoin System.
