Vitalik Buterin has revealed how much ETH he’s holding. The founder of the Ethereum blockchain responded to allegations by NYU economist and critic of cryptocurrencies Nouriel Roubini, who labeled Buterin and Ethereum co-founder Joseph Lubin as thieves and scammers.
“I never personally held more than ~0.9% of all ETH,” said Buterin in a tweet. “My net worth never came close to $1b. Also, I’m pretty sure there are no criminal laws against pre-mining.”
Later Buterin released a statement which contained detailed information on all his holdings and trades. According to the statement, the 24-year-old developer holds no more than 365,003 ETH, currently worth just under $73,7 million. During Ethereum’s peak in 2017, such an amount would have been worth more than $500 million, but according to the Ethereum co-founder, he had ‘considerably less than 0.9%’ of all ETH at the time.
Buterin did confirm he has other addresses, but claimed they are ‘quite small’ compared to the one he shared. He also stated the Ethereum Foundation currently holds around $660,000, and has at most owned around $3 million.
Often nicknamed ‘Dr. Doom’ for predicting the 2008 financial crisis, Nouriel Roubini accused Buterin of ill actions after the Ethereum founder tweeted a prediction for a financial crisis ‘some time between now and 2021’. Buterin’s statement seemed to be a jab at financial doomsayers who try to predict financial crises.
“Not because I have any special knowledge or even actually think that, but so that I can have a ~25 percent (or whatever) chance of later being publicly acclaimed as ‘a guru who predicted the last financial crisis.’”
Roubini responded to the tweet, telling Butering to ‘just shut up’ and criticizing him for not delivering on his promises of Proof of Stake and a ‘scalable, decentralized & secure’ system. After Buterin’s response, Roubini went on to attack the crypto sphere as a whole, using today’s drop in prices as an argument.
“The Crypto Meltdown & Apocalypse continues. Yesterday ETH, XRP & other key crypto-currencies plunged another 10% for a total loss from peak of 90%. Crypto is in total meltdown but all the panicking scammers, bots, shills, trolls, criminals, carnival barkers are out to attack me!”
During the debacle, Roubini was targeted by supporters and ‘fans’ of Ethereum and Vitalik, who attacked him on Twitter for his perceived ‘lack of expertise’. Roubini was scheduled to debate Coin Center tomorrow at a congressional hearing on cryptocurrency.