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Ethereum’s Vitalik Buterin YOLOs it, Turns ‘Giver of Ether’ With $100,000 ETH Donation to Prysmatic Labs

yolo on fist

The boy genius behind Ethereum, Vitalik Buterin, has spontaneously sent 1,000 ether (ETH) – the equivalent of $102,950 – to a wallet address belonging to Prysmatic Labs, a team of blockchain engineers pivotal toward any would-be future success of the Ethereum network.

Prompting the generous donation from Buterin was, of all things, a Twitter discussion between (amongst others) he, SpankChain’s Ameen Soleimani and Prysmatic Labs’ Preston Van Loon.

The discourse came about by way of Mythos Capital’s Ryan Adam’s sharing of a video uploaded today by one of the leading crypto investment funds, Multicoin Capital. In the latter stages of the video – a 46-minute conversation between Multicoin’s Tushar Jain and Fred Wilson – the prominent venture capitalist voiced concern with the seemingly lethargic progress being made by developers working on scaling the Ethereum blockchain.

They (the Ethereum Foundation) don’t have enough money. They don’t have enough developers. Their go-to-market strategy is non-existent. They’re not behaving like a company.” – Wilson

In discussing Wilson’s assessment of Ethereum at the time of the New York-based Multicoin Summit (i.e., October 24th), Soleimani shared “I find myself agreeing” with the USV co-founder, and that “Ethereum has taken its lead for granted for too long.”

Having tagged Buterin in his commentary (along with fellow Ethereum Foundation co-founder Joe Lubin), the Russian-Canadian programmer replied with the following tweet:

As further discussion ensued from various members of the crypto community, Van Loon added that Prysmatic Labs’ “biggest distraction… is that [the team is] still working full time for other jobs.” He continues, “even with recent grants (Prysmatic Labs were granted $500,000 in mid-October), it’s hardly enough to take the whole team full time with significant pay cuts and it’s certainly not [enough] even for us to scale the team to where we need it.”

To that, Buterin replied with a late contender for tweet of the year:

Ever the man of the people, Buterin even had some fun with others who swarmed to the Twitter discussion, as seen below where he sent 100 Teleport tokens (TPT) to Daniel Goldman’s address.

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