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Vitalik Buterin: influence of “the Rothschilds” or the world’s richest business leaders overestimated

The world financial system is under full control of the rich and their families - this is what conspiracy theorists want the public to believe. Cryptocurrency anarchists sometimes share this sentiment, but creator of Ethereum Vitalik Buterin apparently does not: in the new post on Reddit, he doubts the influence of “old-money-type high society people” and even welcomes their efforts to issue a potential institutional digital currency if they ever want to do so.

With that said, Vitalik Buterin is still concerned about the privacy issues which became apparent after the Cambridge Analytica scandal (briefly described on Bitnewstoday in a report regarding its abandoned cryptocurrency plans) and how the society should view the opinion of the majority.

14-09-2017 00:00:00  |   News

Comments towards Buterin include the views of conspiracy theorists who do not agree with Buterin, others suggest to install an ASIC defense in the ETH network if he doesn’t like major corporations (apparently not knowing about the future move to the PoS concept which will make mining irrelevant). A relatively solid argument about the harm made by corporations towards the crypto sphere has been posted in connection the ban on credit cards - although this measure is understandable. Buying cryptocurrency on credit is extremely risky, and some bank clients can blame the banks for losses.

Image: Chip Somodevilla / Getty Images

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