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Vitalik Buterin, the co-founder of Ethereum (ETH), has recently revealed his resentment for Ripple and XRP community, following the new regulation in Canada that places restrictions on certain digital assets, including one of the largest smart contract platforms, Solana (SOL).<\/p>\n
In a recent tweet, Buterin recalled Ripple\u2019s filing of December 2020, which classified Ethereum (ETH) as a China-controlled digital asset.<\/p>\n
Read Also: Ripple CTO David Schwartz Takes a Dig at Stellar Lumens to Show that XRP is Bigger than XLM<\/a><\/em><\/strong><\/p>\n In response to an Ethereum community member that said if XRP was restricted in the new regulation, he wouldn\u2019t have bothered, Vitalik Buterin wrote, \u201cXRP already lost their right to protection when they tried to throw us under the bus as \u201cChina-controlled\u201d imo.\u201d<\/em><\/p>\n XRP already lost their right to protection when they tried to throw us under the bus as “China-controlled” imo:https:\/\/t.co\/t6cbMtjsEV<\/a><\/p>\n \u2014 vitalik.eth (@VitalikButerin) August 17, 2022<\/a><\/p>\n<\/blockquote>\n As aforementioned, a new Canadian crypto regulation is limiting the value of crypto people can buy in certain regions to $30,000 per year. This affects certain cryptocurrencies like Solana (SOL), but digital assets such as Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC), are excluded from the restriction.<\/p>\n In response to a complaint in relation to the new restriction from David Hoffman, the founder of Bankless.eth, Buterin said he\u2019s happy to see Ethereum community members pushing against regulations that affect other legitimate cryptocurrencies.<\/p>\n Buterin tweeted, \u201cGlad to see Ethereum people pushing against regulations that privilege ETH over other legitimate cryptocurrencies.\u201d<\/em><\/p>\n Glad to see Ethereum people pushing against regulations that privilege ETH over other legitimate cryptocurrencies.<\/p>\n (I have not dug into the details of what specifically is going on and to what extent it’s a gov thing vs a compliance decision of one business, but either way\u2026) https:\/\/t.co\/NDYPh5rqsk<\/a><\/p>\n \u2014 vitalik.eth (@VitalikButerin) August 17, 2022<\/a><\/p>\n<\/blockquote>\n Read Also: XRP Adopted By Binance Card as Ripple Opens Blockchain Hub in Toronto<\/a><\/em><\/strong><\/p>\n As expected, this comment from the number one citizen of the Ethereum ecosystem caused a stir on Twitter, and vital members of the XRP community, such as David Schwartz, John Deaton, and Jeremy Hogan did not reserve their comments.<\/p>\n In response to the sensitive comment from Ethereum co-founder, David Schwartz, the CTO at Ripple, wrote<\/a>:<\/em><\/p>\n \u00a0<\/em>\u201cThe goverment should punish projects that disagree with our narrative\u201d seems pretty on brand for ETH.<\/em><\/p>\n \u201cAlso, I do think it\u2019s perfectly fair to analogize miners in PoW systems to stockholders in companies. Just as eBay\u2019s stockholders earn from the residual friction between buyers and sellers that eBay does not remove, so do miners in ETH and BTC.<\/em><\/p>\n \u201cJust as eBay stockholders want to leave as much friction between buyers and sellers as they can because that\u2019s their revenue stream, so do miners in ETH and BTC. That\u2019s part of why they have higher fees than XRPL.\u201d<\/em><\/p>\n Read Also: Brad Garlinghouse States Reason Why He Thinks Ripple Will Win XRP Lawsuit against the SEC<\/a><\/em><\/strong><\/p>\n\n
What Brought about Vitalik Buterin\u2019s Statement?<\/strong><\/h2>\n
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XRP Community Members React<\/strong><\/h2>\n