The Merge: Vitalik Buterin, self-proclaimed Proof-of-Stake (PoS) guru?

Just recently, prominent venture capitalist Paul Graham made a post on Twitter regarding the future of crypto. According to the latter, the collapse of the economy of the entire cryptocurrency sector is imminent. Some time after this publication, Vitalik Buterin indicated that he would have learned that “something big is about to happen“. But his tweet is mysterious to say the least, leaving the crypto community perplexed.

The enigmatic publication of Vitalik Buterin

This November 21, Vitalik Buterin did a mysterious Twitter post about the future of cryptocurrency. Indeed, he said:I hear […] something big is about to happen. Please acknowledge that my elite social connections with people who are ahead of things make me cool, and help validate my cool image.“. Some think the Canadian programmer was trying to poke fun at Paul Graham’s post.

The tweet in question

This might suggest that Vitalik Buterin reportedly didn’t take warning seriously of the venture capitalist. Indeed, on November 20, Paul Graham said : “A person I have known for over ten years, whom I consider trustworthy, is convinced that the crypto economy will soon experience systemic risk. I don’t know anything concrete, but if I was exposed, I would be worried“.

Cryptocurrency: what future for the sector?

It seems the crypto community ignored Graham’s tweet and deemed his warning unnecessary. However, it is obvious that investors and others in the cryptocurrency industry are worried about its future.

Indeed, many wonder what will be the next crypto companies to crash, after FTX. Last week, crypto skeptic Liron Shapira said that Bitfinex, Tether, and Binance could be the next to fail.

A few hours ago, Paul Graham commented on Buterin’s post saying: “I didn’t forward this message to look cool“. The founder of Ethereum then said: “I did not answer you”. “I will explain in more detail where I am coming from. Basically, there’s a “thing” going on here where people are spreading rumors, and a lot of people are retweeting them, and a lot of people are starting to trade on this info“, he added.

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