Show Notes
Multiple Traders Revolt Against #Vitalik Buterin After More #ETH Dumps
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Multiple Traders Revolt Against #Vitalik Buterin After More #ETH Dumps
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Episode
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February 01, 2025
•
00:08:46
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Episode Transcript
[00:00:00] Out of Cycle Update.
[00:00:03] The revolt is complete. Excellent CryptoTalk FM. My name is Leister. I'm your host. Not feeling well today I noticed. I stumbled across social media and noticed that I appear to have caused or exacerbated a revolt of sorts against the man I refer to as Idiot Vidlik because they're attacking him like crazy.
[00:00:25] A couple of months ago, I did coverage on the dumps that the man was doing on your head. And I told you to stop worshiping the guy as a God because he was dumping on your head. And some of you came back and said, you know, community doesn't know nothing. I gave some posts from the community where they were asking, why are you dumping on the head? And that's what happens. You get a girl and no matter what, there's still some people in the cult because Ethereum now has a cult and it's like, geez, I don't know. So on Twitter, it's going crazy, you know, and there were some additional notes and I. I love what I see. I love seeing people turning against this dude and everything he's doing. And some good points were made and I wanted to talk about those real quick. This won't take long.
[00:01:05] But what was happening was apparently there was another dump of a hundred eth. It's not a lot, but there was a dump. And apparently somebody saw that there was a dump out for Dai and there was. Somebody actually asked Idiot Vidlick directly and he came back and the first word he said was broken. So we already know what it is.
[00:01:25] Does. Was the guy even born in America? I don't know if he was, but you're saying bro. You are saying bro. We know he's getting pissed off. He. He's about snap. You know, he's getting pissed off. He's tired of it. It's easy to go away. Stop doing what you're doing. Stop dumping on people's heads. Anyhow, some responses talked about, you know, why aren't you using the chain itself instead of dumping, like selling, why don't you? And somebody said, why don't you stake it? User Eric Connor, who's verified Eric Connor said, quote, the Ethereum foundation could easily stake, eat and use D5 to cover most, if not all, their internal budget. This is getting extremely tough to defend. Stop. So I don't agree that it could because the budget is lofty. Someone gave a number like a hundred million dollars to run this business of salary and expenses and overhead. So I don't know that staking could get all of it. But it brought up an intriguing idea. Because if your staking is not getting you what you want, but it's a viable way to get some, then it may encourage you to fix the staking to where you get more right. So it gives you an incentive to actually improve the chain and make things better. And then idiot village chimed back and he was talking about, look, this is the, this foundation is the reason that your fees are down and the reason that he's defensive, he's angry, he's pissed because he's attacked. Meanwhile, he's missing the point, which is people saying, why don't you just stake the right and use that as the revenue stream and then get smarter about how you manage money and get rid of the dead weight. Because apparently that's, I mean, that's bloated. If you got a hundred million dollars in overhead, that's bloated. It's crazy. And someone else called out, how the hell is your budget higher than like hard? I think it was like Harvard and all the high end classes. Your budget's higher than Harvard. That's why you're dumping. And then you were. And then somebody else said, why don't you just give eth to them as salary and then they can choose to dump it or not. But it's better than. Because I said it's the optics.
[00:03:17] This idiot going and doing these bulk sales and then he does it at the time that the price is down, which makes it even worse.
[00:03:24] User Eric Connor again came back, said, quote, there should be some type of on chain activity happening to slow the bleed. Imagine if that was done from the start. You'd have more eth, less bad optics around, dumping, etc. Responding that, oh yeah, we use the chain. And top reasons dumping his tone depth, he stop. So this Eric Connor, he gets it, right? He gets it, he gets the problem. The problem is the optics. And there could have been ways to avoid the negative press around what's happening with this guy. User Ponzi junkie says, quote, idiot Vidlick is embarrassment. And it's embarrassment. He spelled it wrong for crypto.
[00:03:59] User Rawl Wort says, quote, do you want Ethereum foundation to exist forever? You're supposed to remove itself with current funds, it'll last another decade if eth's price remains stagnant. So assuming I don't see why they should prolong their life. We need a new alternative to the Ethereum foundation, not putting Ethereum foundation on life support.
[00:04:19] User Calvin says, quote, trying to be neutral, but instead pissed everyone off lmao User Eric Sanchez says quote don't worry, it's just a swap with a laughing meme. Useronly Pulsechain says some peeps from Ethereum foundation are not necessary.
[00:04:36] User sai which is 0x Saitama. He's actually pretty notorious says quote worst than I thought. Imagine instead providing DAPP support with ETH liquidity, enabling them to operate while selling on the way up and collecting fees. Couldn't be me. User 9354 ETH says quote seems like trying to make ETH price go up is an explicit non goal of the Ethereum Foundation.
[00:05:01] User Viper nft says quote do they know you don't have to sell to earn? I thought yes but user American says quote It's a good time to talk with boring sleuth. That's the truth seek guy with the on chain information he has on that foundation so he's calling out some shady business is what it is. Uses Scarface Triple X says quote how can these people research a thing they don't use?
[00:05:26] And user Leongo says quote easy renamed to EF Fund. That one's great. Fantastic.
[00:05:37] Then somebody quote tweeted a Peckshield message. If you heard me on car salesman's project I said when Peckshield gets involved it usually is indications of a rug pull so you don't want to see it. Peckshield on the 20th of the month said Quote Ethereum foundation has swapped 100 ETH for 336,000 Dai tokens and then showed the trail.
[00:06:01] User Trading underscore act says quote their brains actually do not work at all. The fuck do you need 300,000 for so urgently? What could you possibly as the Ethereum foundation when the entire world's watching need 300,000 of a public sell order for mindless dick roaches? Retard you use the duo 9 ycc says quote rug user pass as in pass et says quote they literally sold because it was going down increasingly. I don't know who wouldn't do that. User Max Magnus says quote the fuck with the meme of the cat in the overall saying what they doing over there? You know use a dark crypto Larp says quote Fuck you idiot. Vin licking Ethereum. User Rock pretty says quote I guess that's confirmation there will be no Ethereum strategic reserve today.
[00:06:51] User XP Sland Bread says quote they are probably clapping like a NASA launch too because the stable coin they swap for is decentralized.
[00:07:00] User Davion the DK says quote days since the chain was last successfully Used zero.
[00:07:09] So I'm, I'm. I'm happy and proud that I was able to initiate this great revolt. You know, this outrage, this, this, this anger. I want it. This is what we need. Because things change when there's mass disruption. We get everybody on board to understand the guy's a fucking idiot. And I'm telling you that, I've been telling you this right now you understand, because the dumps kept happening. It's not, you know, it's not just salary. It's like, dude, you're doing it when everything's down, which makes no sense, and you're not doing anything to help it go up, which makes no sense. And then the optics are pissed off, and you don't get that either. So I'm not telling you what to do with your cash. I'm not telling you anything. If you support the idiots, support the idiots your business. The point is, people are frustrated, people are angry. And it's going to keep on happening because he's going to keep on doing it. I warned you multiple times. You didn't listen to me. Get my credit. Because now you see it. That's what He's a dumper. At this point, henceforth and forthwith I'm going to refer to him as Idiot Vitalik, the rug puller. Just like Manny the rug puller. Because essentially, it's like a slow rug. I can't describe it any other way. How else can you describe it? That the damn thing's being suppressed because of these large dumps that he didn't care about? If you support him because you're a simp for him, have at it. But shame on you. Shame on you for letting him influence you to thinking something other than what's obvious in front of your face. You could see for yourself to be the truth.
