When running a business, product or idea, a plan both long-term and short-term needs to be outlined. In the digital money world, this is no different, a developer needs to have that outlined for at least a few years ahead. Planning makes you keep the project in place performing checks and balances along the way. Ethereum’s founder, Vitalik Buterin, does not consider this plans into the future to be important for the success of his project. In a recent interview by Financial Times, Vitalik has made it clear that he does not have a long-term plan for Ethereum, he said,
“Last year it got to the point where [the fame] got more annoying than good, Ethereum got big and just so happened that Ethereum evolved without, I guess, other figures quite as large as myself I generally don’t plan more than three months ahead, let alone five years”
His sentiments may not be so kind in the crypto world but considering the volatility that surrounds the cryptos, it’s wise to let Ethereum evolve at its own pace without making plans into the future of Ethereum. Buterin being in the limelight concerning Ethereum does not mean he is at alone. He has a team who drives the coding to make Ethereum what it is today and what it may turn out to be tomorrow in terms of features, updates etc.
For Buterin, project Ethereum is not run by the greed for money, for him, Ethereum is a project rather a career decision. Vitalik does not consider getting rich through cryptos as something to be happy about saying that those that are reaping fruits of crypto investing have “ridden the crypto-tsunami to riches, flaunting it as investment prowess”.
Although not a compliment, Buterin says:
“Where everyone who won the draw seems to feel like they deserved it for being smarter, I was loyal and I was virtuous and I held through and therefore I deserve to have my five mansions and 23 lambos!”
Should Vitalik have a long-term plan for Ethereum or a short-term plan is enough considering the volatility in the virtual money world?
Let us know your thoughts in the comments section below.