Ethereum Co-founder Vitalik Buterin Shares Insights on Sam Bankman-Fried’s Reputation
Ethereum co-founder Vitalik Buterin has revealed that a larger section of the crypto community did not respect Sam Bankman-Fried as depicted by the mainstream media.
Buterin has been a long critic of Bankman Fried since the collapse of the latter’s digital asset exchange, FTX, and has made new revelations concerning the matter.
Speaking in a podcast interview with Sriram Krishnan and Aarthi Ramamurthy, Buterin spoke on the reputation of SBF, how the sector continues to recover from the infamous scandal, and the growth of Artificial Intelligence (AI).
According to Buterin, the crypto industry had reservations about SBF from the beginning although no one expected $8 billion to go into thin air.
“I think a lot of people have this misconception that everybody deeply respected Sam and that he caught the entire ecosystem by surprise … but if you're looking at Ethereum influencers like Anthony Sassano, a lot of them disrespected him and FTX from the beginning."
The main reason for Buterin’s judgment was SBF’s inability to project the cause of cryptocurrencies and related technologies without financial benefits.
“He was just not able to articulate a vision of why crypto was good—he just clearly saw it as purely a business opportunity. It's like, 'Oh, hey, crypto is this thing where you can make money,” he added.
Recall that after the collapse of FTX, Buterin noted that people were mostly drawn to the marketing of FTX which he compared to the “1930 dictators” adding that cryptocurrencies are more than the lifestyle and brands of the company.
Buterin also spoke on the rapid development of AI in several industries including cryptocurrencies hailing the level of adoption so far.
According to him, AI would help human capabilities in the
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