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YOLO: Vitalik Buterin sends 1000 ETH to developers (and 100 TPT to a random...)

www.chepicap.com 19 December 2018 16:30, UTC
Reading time: ~3 m

Vitalik Buterin the founder of Ethereum and famous "non-giver of Ether" just gave away $100,000 in ETH, because, YOLO.

The funds were sent ot Prysmatic Labs afert one of their developer scompained about budget restrictions to vitalike in a tweet, prompting the prodigy to send over some of his personal stash:

Just sent 1000 eth. Yolo.https://t.co/s1q8K5Wlhs

— Vitalik Non-giver of Ether (@VitalikButerin) December 19, 2018

Prior to this act of altruism, was a discussion surrounding the progress (or lack thereof) of Ethereum development.

The discourse was initiated after a statement from Fred Wilson - co-founder of Union Square Ventures - describing the shortfalls of Ethereum leadership:

Oct 2018 @fredwilson w/ "tough love" comments on Eth

TLDR; He says Ethereum isn't killing it, they're blowing their lead. They're wittling value away by missing ship dates & are lacking basic operational leadership to get shit down

What do you think?https://t.co/kclM08t5s6

— Ryan Sean Adams (@RyanSAdams) December 18, 2018

This sparked others to comment on the supposed lack of progression from ethereum in areas including scaling. Buterin responded personally:

Hard to increase focus on scalability when we're close to 100% on that already....https://t.co/kil3rHFIb6

(And also the 1.x stuff on top of this for shorter-term scalability boosts)

— Vitalik Non-giver of Ether (@VitalikButerin) December 18, 2018

In turn, Preston Van Loon, a developer at Prysmatic Labs - a client focused on the scaling issue – jumped into the fray, describing the hardships of developing with lack of funding, to which Vitalik responded by saying:

 “Just sent 1000 eth. Yolo.”

Accompanying his response was a link to etherscan providing proof of the transaction:


Unsupringly, Buterin was then inundated with funding requests; one of which he actually acquiesced to:

Guess I have to 🤣

(Though precommitment: this is the last one)

Same instruction as to Mikerah: please put the address somewhere on https://t.co/gz5CS5usfn so I can verify you're not an evil hacker working for @northkoreadprk gov trying to *increase* the world's centralization

— Vitalik Non-giver of Ether (@VitalikButerin) December 19, 2018

Buterin wasn’t finished with the altruism just yet, one last request caught his eye….

Sent you 100 TPT: https://t.co/ttL6bNjBTB

No idea what TPT is, just some random coin I got airdropped for some reason. So you can keep it.

— Vitalik Non-giver of Ether (@VitalikButerin) December 19, 2018

What followed was some of the best comments seen from crypto Twitter in weeks…

Vitalik "giver of whatever I've got lying around" Buterin

— Tor Bair (@TorBair) December 19, 2018  

Do we need to send 2,000 ETH first?

— Crypto Rand (@crypto_rand) December 19, 2018

"Vitalik YOLO-er of 1000 ETH"

— 👹 Ameen Soleimani (@ameensol) December 19, 2018

“Vitalik Non-giver of Ether”

> Just sent 1000 eth.


— Faraaz Nishtar 🦊 (@FaraazNishtar) December 19, 2018

Read more: Despite recent issues, ConsenSys says Ethereum network strong and growingA bank in Brazil is about to use Ethereum to issue a stablecoin

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