Buterin Speaks Out Against Blockchain Gambling in AMA

- Vitalik Buterin criticizes blockchain gambling, calling it a “moral reversal” in the crypto space.
- Buterin warns that a “moral reversal” in the crypto space could make him leave Ethereum.
- He reaffirms commitment to Ethereum’s vision despite online debates on gambling applications.
Vitalik Buterin recently shared his frustration with the growing acceptance of blockchain gambling in the crypto industry. During an ask-me-anything (AMA) session on Tako, the Ethereum co-founder expressed disappointment over the criticism Ethereum has received for not fully embracing gambling applications. He called this shift in values a “moral reversal” and stated that if the industry continued in this direction, he would reconsider his participation.
His comments sparked discussions about Ethereum’s stance on speculative applications compared to other blockchains like Solana. Over the past year, Solana has attracted a wave of new developers and projects, many of which are tied to meme coins and speculative gambling applications. Some Ethereum community members worry that the network is losing its competitive edge by not supporting similar ventures.

Source: Tako
Buterin made it clear that he would not support a future where blockchain gambling defines the industry. He stated that his involvement with Ethereum would end if the space maintained its present direction. According to him, the Ethereum community maintains consistent beliefs in real-world discussions, although online discussions provide the impression of a values shift. This confirmed his dedication to maintaining Ethereum’s future direction.
Related: Ethereum Eyes $2,850 While Solana Targets $178 Before Drop
His statements came shortly after the Ethereum Foundation faced criticism over its financial decisions. On January 20, the foundation sold Ethereum to fund its operations. Some community members suggested it should have used decentralized finance (DeFi) solutions instead of selling tokens on the market. The criticism raised concerns about Ethereum’s financial management and long-term decentralization strategy.
In response, the foundation made a strategic move. On February 13, it deployed 45,000 ETH, worth around $120 million, into various DeFi protocols. These funds were allocated to lending platforms such as Compound, Spark, and Aave. The Ethereum community welcomed the decision, seeing it as a step toward better financial management.
The foundation later confirmed that this was only the beginning. It also revealed plans to explore staking as an additional revenue strategy. This approach aims to reduce the need for token sales while strengthening Ethereum’s economic model through DeFi-based income streams.
The industry now faces a critical question—should blockchain prioritize financial innovation or ethical responsibility? The Ethereum community must decide whether to maintain its current path or follow trends that prioritize high-risk applications.
The post Buterin Speaks Out Against Blockchain Gambling in AMA appeared first on Cryptotale.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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