Vitalik Buterin calls out ETHW hard fork proponents as “trying to make a quick buck”

Speaking successful a closed property league during South Korea Blockchain Week, Ethereum founder, Vitalik Buterin, called radical pushing for a hard fork of Ethereum to clasp proof-of-stake “simply trying to marque a speedy buck.”

Justin Sun precocious announced enactment for a hard fork of Ethereum post-merge by listing 2 caller tokens connected his Poloniex exchange. The tokens volition beryllium named ETHS and ETHW, related to proof-of-stake and proof-of-work, respectively. ETHW volition correspond a recently created hard fork of Ethereum wherever GPU miners proceed to excavation Ethereum aft the merge of the Beacon chain. Some Chinese miners person reportedly signed up to beryllium a portion of this caller concatenation successful conjunction with Justin Sun.

Further, Sun is looking to incentivize a determination to fork Ethereum to clasp a mentation of the existent web wrong a proof-of-work chain. He is offering up to 1 cardinal ETHW to physique a developer assemblage should the concatenation go realized.

We presently person much than 1 cardinal #ETH. If #Ethereum hard fork succeeds, we volition donate immoderate forked #ETHW to #ETHW assemblage and developers to physique #ethereum ecosystem. https://t.co/ee4kGSuVoK

— H.E. Justin Sun (@justinsuntron) August 4, 2022

Vitalik stated that helium has seen thing but enactment for proof-of-stake from wrong the assemblage and noted that astir radical who privation to clasp proof-of-stake are “outsiders” from the Ethereum ecosystem.

Justin Sun, the laminitis of the Tron blockchain, is undoubtedly an outsider to the Ethereum ecosystem by galore accounts. Vitalik besides referenced that proponents of a hard fork “own exchanges and are conscionable trying to marque a speedy buck.”

Speaking connected a question arsenic to whether a hard fork could origin issues with NFTs surviving connected some forked chains, Vitalik replied, “I foresee marketplace disorder if that proof-of-work hard fork becomes thing substantial.”

However, Vitalik rapidly enactment the onus connected the proof-of-work concatenation alternatively of accepting that this could origin issues with what galore volition see “mainnet.” Should a fork summation traction, Vitalik expressed, “I’m definite there’s going to beryllium problems… if they privation to marque a fork, it’s connected them to mitigate those problems.”

The station Vitalik Buterin calls retired ETHW hard fork proponents arsenic “trying to marque a speedy buck” appeared archetypal connected CryptoSlate.