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Vitalik Buterin’s Financial Asset Revelation: What Cryptocurrencies Does Vitalik HODL?

Image Credit: Bloqwire

Vitalik Buterin, the prodigal Russian-Canadian developer, is the co-founder of Ethereum and Bitcoin Magazine. Although he found Ethereum in 2014, Buterin is comparable to veteran cryptographer Satoshi and Charlie Lee. Ethereum’s ground-breaking ICO technology was also responsible for the 2017 token frenzy.

Nevertheless, the cryptocurrency market is still in its early stages. Regulatory uncertainty and competition from Stablecoin and DLT are a potent more secure and controlled alternative which is more likely to be preferred by the Governing bodies of Nations. The bear market has also sustained for an extended period making it difficult for the developing teams of cryptocurrencies. Hence, the investors are left uncertain about their Cryptocurrency Portfolios.

While XRP, Bitcoin, Ethereum, Litecoin, and EOS are in the top ten coins that are currently making news, Vitalik reveals his holdings of cryptocurrency and other financial assets. The revelations were made in a Reddit post titled “AMA on about Ethereum Leadership and Accountability.”

Vitalik Stated:

Non-ethereum-ecosystem tokens: BCH, BTC, DOGE, ZEC; total value < 10% the value of my ETH

Non-ETH ethereum ecosystem tokens: KNC, MKR, OMG, REP, total value <10% the value of my ETH

Significant corporate shareholdings: Clearmatics, Starkware 

Revenue in the last 12 months other than ethereum foundation salary: a few advisor tokens 

Non-financial interests: friends in the ecosystems represented by the above projects, as well as some non-token ethereum ecosystem orgs (eg. L4, Plasma Group, EthGlobal, EDCON) and non-token non-ethereum orgs (mainly professional cryptography and economics circles)

I'd definitely support more people actively involved in protocol decision-making making such statements!

Vitalik also commented on Ethereum’s shift from PoW to PoS. His comments were aligned to address the concerns of ‘pro-rich’ design which could be promoted by PoS (Proof of Stake) as an entity or individuals with higher a stake would earn more.

Due to the complexity of the shift and the nature of the market, the Etheruem Foundation has had to make small trade-offs against the egalitarian design in the initial phases of launch.

“Favoring anti-egalitarian trade-off choices in PoS perhaps? Though I feel like we've tried very hard to push the design in a pro-egalitarian direction.”

Ethereum has massive community support and more than a thousand tokens running on its platform. Vitalik has been actively involved with the Ethereum Community as well. Ethereum’s first Hard Fork is scheduled for 28 February 2019. The market has also expressed its positive inclination as the price of Ethereum is trading at $140 as of writing this.