Home " Bitcoin (BTC) " Ethereum's Vitalik Buterin calls memcoin "overinvested".
Ethereum's Vitalik Buterin calls memcoins 'overinvested'
Vitalik Buterin believes some areas of cryptoinfrastructure are overblown and others are ignored, and calls for a shift in focus.
Vitalik Buterin follows up on his colorful ideas.
Vitalik Buterin expresses concern over overinvestment in the #cryptocurrency sector caused by the memcoin debate.
Buterin argues that the term "infrastructure" covers a wide range of projects.
Buterin highlighted several areas of cryptoinfrastructure that he believes are currently underinvested.
While memcoins such as Shibainu, Dogecoin and Pepe have been skyrocketing in value recently, with all four up over 60% in the last seven days, Vitalik Buterin, co-founder of #Ethereum , took to Twitter to express concerns about the He expressed concerns about the investment.
Buterin expressed his opinion on "dog coins.
Buterin's comments were in response to a tweet by Roko Mijic, who complained about the "woefully inadequate" state of the cryptocurrency infrastructure, which has led to the resurgence of "dog coins. " Buterin admitted that he had previously agreed with Midzic's assessment, arguing that public goods infrastructure suffers from a lack of investment due to its inherent economic incentives.
However, Buterin now argues that the problem is more subtle. Buterin believes that the term "infrastructure" encompasses a wide range of projects, some of which are public good in nature and others that are essentially "a zero-sum game with network effects.
Buterin believes that some categories of infrastructure are currently overinvested in while others are fatally neglected. Buterin gives several examples of underinvested areas of infrastructure:
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