Ethereum Founder Seeks Advice From Nerayoff
Former Ethereum Advisor, Steven Nerayoff, recently fulfilled his promise to the crypto community by publicly releasing a 2015 recording of a private conversation with Ethereum founder Vitalik Buterin. The release of the three-hour-long revealing conversation has created a stir within the crypto community, shedding light on previously undisclosed aspects of ETH’s developmental flaws and processes.
Details Of The Recording
Nerayoff and Buterin’s conversation shows a deep relationship between them and reveals insights on multiple developmental processes and problems with the Ethereum blockchain before its launch.
The recording reveals a phone call conversation covering a range of topics, with Buterin admitting to a lack of operational infrastructure within the organization for Switzerland. Buterin stated, “First of all we kind of lack boots on the ground in Switzerland that are able to help us with things like legal issues, maintaining a team in Switzerland, which we’re supposed to do and so forth. And part of the reason behind that.. yeah, basically no one is particularly interested in being in Switzerland at this point. and also there’s no one who’s currently in the leadership right now that really has exactly the right skills to do stuff like bookkeeping, accounting, interfacing with lawyers and so forth.”
Ethereum Founder Seeks Advice From Nerayoff
Nerayoff’s X (formerly Twitter) post highlights that Ethereum was facing considerable challenges in 2014, and Buterin sought Nerayoff’s guidance to save and restructure the blockchain network for long-term success. The 2015 recording shows Nerayoff providing Buterin with detailed insights on the problems with ETH, including proper governance and conduct by co-founder Joseph Lubin, as well as a general lack of competence and communication within the ecosystem.
So far, the recording does not provide any proof of the fraud accusations the former Ethereum advisor made against Buterin and Lubin. However, the recording does reveal Nerayoff acting as an advisor for the blockchain network.
The aftermath of the recordings is yet to be seen as the ETH founders have continued to remain silent. Nevertheless, the scandal could potentially pose some risks to ETH’s reputation and credibility.
Source: X Jimknox123, NewsBTC, BNN Bloomberg, and Tradingview.com.
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About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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