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Vitalik Buterin recently donated billions worth of to India, to fight the Covid-19 pandemic in the country. He gave it to https://cryptorelief.in (India COVID-Crypto Relief Fund.) Now, this is one of the biggest if not the biggest donations to India we have seen so far.

And the money that he donated comes from a meme coin, Shiba Inu. Vitalik sold his trillion Shiba Inu and the profits went as donations.

I do hope that it will make the big difference, as we all know we have heard horror stories as thousands of our Indian brothers are dying, as the second wave really took a tool on the country.

I hope the money will be put to good use. Thank goodness that many people who become multimillionaires, think of others and help them as in this case. I make some donations too, on a small scale and as I increase my net worth, I will donate more.

This will boost Ethereum's popularity with Vitalik doing humanitarian effort and 1 billion isn't a measly number that you just donate, I am sure that Vitalik thought of it thoroughly. And not to mention that this donation is also useful for him since it will be tax exemption for him.

It is a great move from Vitalik, at a time when some of the richer billionaires (Elon Musk, Zuckerberg.etc) refused to donate anything to the fight against COVID 19. Anyway, this was the first time I came to know that Vitalk is a billionaire. I thought he had sold most of his ETH stash long ago, before the prices rose. I just hope that the India Covid-Crypto Relief Fund will spend the money in a good way. But at the same time, since the government in India is planning to ban cryptocurrency, I would like to know how they are going to proceed with this donation.

This action is wonderful, hopefully, the donations received and will be received by India will serve as a great help to stop the spread and killing of lives caused by the pandemic. Maybe their government will consider the help of crypto in such situations. It is not really just because of the crisis but it is really financially useful towards development. Hopefully, this will also serve as an eye-opener so that they will not continue to ban or unban cryptocurrencies in their country. I hope they see more of the good it does.

The donations are not directed to the government, but towards an NGO which works for the COVID 19 victims. But still, I expect the Indian government to express gratitude towards Vitalik. $1 billion is just too huge. Whatever foreign donations India has received ever since the beginning of 2021 amount to a much lower amount when compared to this. I expect Prime Minister Narendra Modi to personally express his gratitude towards Vitalik Buterin, for this unmatched act of kindness. I don't think that in the recorded history any of the billionaires have ever donated this much amount for a single cause.

One again confirms what we were saying for so long. Cryptocurrency is the savior of humanity.

lol this was the money they sent to Vilatlik's wallet  ;D they thought Vitalik will not sell the ones they sent to him. i was laughing when he actually did it.
the team was trying to burn tokens by sending them to vitalik's wallet.

but its for good cause though. helping India with the crisis they have now is a very noble thing to do. and that at least the money didn't go waste. thanks to vitalik.

Sounds a bit unbelievable, but someone invented another in a series of unnecessary tokens, then inflated its price and donated it to someone who sold it and donated a fiat to charity ??? Although the end goal is more than noble, one should ask whether it is ethical to sell something that does not make too much sense to raise money to help others?

At a time when people are dying in front of their hospitals and have no oxygen to save them, the powerful Indian government is preparing to conquer space and increase spending (https://www.businessinsider.in/science/space/news/isro-will-transform-in-2021-as-india-pumps-big-money-to-draw-in-startups-for-the-second-space-age/articleshow/80683054.cms) in that sector. And more than obvious disregard for people and their health - but also a warning to all Indians to elect politicians whose people come first, and only then dust and rocks on the Moon or Mars.

I hope that the situation in India won't get worse because people dying is only going to go up in that region if they continue to not follow some health restrictions. I don't fully feel bad for what has happened because there was a surge of increase in contact because of an event and people still went to it even though they know that the pandemic is going to be present. You are right though, that tokens burned did went to a good cause and 1 billion is a serious money.

This is an absolutely great move from Vitalik Buterin. This is one of the many evidences that crypto can be put to good use. May people have always believed that crypto is a scam or a bad thing that should be avoided but now they'll know that it is good that it can be used to help a lot of people especially to fund the fight against Covid-19 pandemic.
I only hope that the money will be used judiciously by the Relief centre and not wasted.
Millions of infected people now have hope because of a single act of kindness from a crypto lord.

Oh please... For the first time, a shitcoin has been used for some good purpose. During the current bull rally, shitcoins such as Dogecoin have amassed crazy valuations, benefiting those who manipulated their prices. Now what is wrong here, if Vitalik uses the proceeding from one such shitcoin to help the people in need? You would have been OK, had he pocketed the profits and purchased half a dozen luxury yachts for himself? All these years people were creating shitcoins and making billions for themselves. And when someone uses a shitcoin for a good purpose, all the hell breaks loose. I don't really understand you guys.

It's not about that someone did a good deed - it's not debatable, but you can't say that creating shitcoin is justified to achieve some noble goal, no matter what people have been doing for 10 years - because no one explicitly forbids them to do so. I've already written that your government spends billions on space programs and weapons, while at the same time people are dying in the streets - it's sad that you have to be saved by shitcoins - and all those poor bastards who invested in it will at least be comforted that they didn't finance yachts and luxury cars.

He is not the first but this is the biggest donation I guess, whether it was sent as crypto or in the fiat form?

Previously Brett Lee donates 1 Bitcoin for oxygen supplies- India has always been a second home for me (https://www.indiatoday.in/sports/ipl-2021/story/ipl-2021-brett-lee-donates-1-bitcoin-for-oxygen-supplies-india-has-always-been-a-second-home-for-me-1795579-2021-04-27) and he donated it as in the crypto form.

US, Russia and even China helped India to overcome this but still the condition is worse with 400K cases per day and 4000 deaths. The only reason why the fatality rate increasing is due to the unavailability of liquified oxygen to the patient at the required time.

I feel sorry for those Shiba holders or investors, it might this coin now dumped and Vitalik is their big whale.

IMO, feel bad with the people who went into Shiba investment to gain profits and then realizing just after their glorious celebration, one of their biggest coin investor has been sold to be donated in India.  Like seriously?  How on earth did Vitalik decide to do it?

Let’s just say that Vitalik was able to help a lot of people in need, but I don’t think it has to be investors and the people who stayed in the cryptocurrency who has to suffer and get punished for it.  This might be the main reason why Shiba went to the floor and this is really hurting their heart.  Well, this is how it is so I think we just had to handle it and I hope the money will put it into good use and that's a great help to them.

Such a huge gesture from vitalik, this is how we become our brothers keeper, by lending a helping hand during the time of great difficulties, covid-19 has been hitting hard on some countries and don't seem to be slowing down, i hope with all the support the Indians are getting they will have enough resources to combat this deadly disease, thumbs up to vitalik and many other's who are donating to this fight. what matters is the motive behind it and not the source, people should look beyond that.  

Awesome thing is, he didn't even sold all of his shibs neither, he sold just a portion of it and he donated it, which if used properly could have been a good thing for shiba but the reality is that they just forced Vitalik for this, they just sent him a so much of it and they marketed it like "see even vitalik owns so much of it" and that marketing blew up in their face, they just couldn't see him selling all of it, which is why I think this was a perfect situation.

Shiba who did something they didn't get permission for get wrecked, Vitalik who got free money found a way to use it, and India who is not in a good situation right now ended up helping people in need thanks to this fund. It is all the right things that happened here, one bad act by shiba turned into something huge for India and I am very happy about it, a great way to use this.

Now India is very chaotic and indeed requires a lot of money, but this information is very good and helps people in India to fight Covid-19. I hope that all the funds given will be channeled properly because there is a country playing in this tragedy. There are countries that use this disaster as land to benefit from the assistance provided. perhaps one of which is reducing the funds that will be given to the public or victims who have the virus Covid-19. Hopefully there will be many great people who continue to help fellow human beings.

Vitalik Buterin is one of those billionaires who still understands the plight of many people during a crisis or even just in general. Even though I kind of hated him when ETH was first launched, my respect for him grew tremendously over the years because of things like this. Those billions he could easily pocket for himself and invest on another coin, but no, he decided to donate it on the COVID-19 crisis in India. Even though most of it was given, it's free money nonetheless. A class act and certainly worth recognition.

It’s pretty obvious, out of hundreds of tokens, he have purposely choose it, while keeping the rest of them. He has completely went silent and go into hiding after making such a relentless decision, I don’t think he would return to the crypto ever again.

Reading the news from various parts of India, it seems like a really good deed from Vitalik because India is going through the worst time the country has ever seen. There are almost 1 million cases a week if not more and the number don't seem to cease anytime soon. The government in India has already collected massive donations and I just hope they are not going towards pleasing the leaders.

He could have easily invested such a big amount in any upcoming project but really nice on his part that he decided to donate instead of investing it.

I am not entirely sure who managed the India-Covid-Relief funds which are sent by Vitalik but I hope they are in safe hands because corruption is one of the biggest problems after corona virus in India.

Good action on the part of Vitalik to make a generous donation to India that it currently needs to relieve its citizens who suffer from Covid19.
From these aid initiatives I see that
India in the future could be more flexible for the adoption of cryptocurrencies in the country.

It also strikes me that the donation was made with another coin. If my thinking is correct, each donation will be exchanged to Fiat and for the large amount Vitalik preferred it to be with a growing coin like Shiba so as not to affect the price of ethereum.

https://www.google.com/amp/s/indianexpress.com/article/technology/tech-news-technology/ethereum-founder-vitalik-buterin-donates-1-billion-meme-coins-to-india-covid-relief-7313176/lite/ (https://www.google.com/amp/s/indianexpress.com/article/technology/tech-news-technology/ethereum-founder-vitalik-buterin-donates-1-billion-meme-coins-to-india-covid-relief-7313176/lite/)

You shouldn't just thank Vitalik for helping India in this covid crisis, you should also thank Shiba Inu team. He found a good use for the fee money sent to him.

The covid in India is the worse, we can already see dead bodies being burned on the ground, they even cut tree branches just to have a pile to burn. Such a desperate situation there.

Take note that he donated it thru selling the meme coins that he got in liquidity. There are 2 sides of it.
If you are a holder of one or more of these meme coins then you might be angry or disappointed with him because he lets you lose money by selling it, by dumping it.

Now if you aren't a holder into any of these then you see VB as an angel who helped many people in India. Well, they really needed help and its very happy to see a person doing this. I just hope that this will create a domino effect and more people that are related to crypto will help countries like India in their fight against COVID19.

Overall, I'm just happy that a person like him helped other people. India really needed other people's help right now because they are suffering so much right now.

The second wave of the virus has plunged India into many crises crypto can help India a lot. Many people in India will overcome their crisis by facilitating this system of crypto it can be used to launder stolen or hidden funds more effectively this crypto laundered money will at least get back into the economy which will benefit for free and these will never be done so that money is out of circulation so why would they be financing their money through crypto many believe that former bankers can expect to benefit from crypto in two more ways. The work of providing grants to help in the immediate recovery of health care and economic recovery is also progressing rapidly.

This is not humanitarianism. He is giving away useless tokens. It is money created out of thin air and given to him for free. It is performative charity and nice publicity for ethereum but it is an action that cost him nothing at all. I guess it's better than buying lambos and Rolex watches, which is what all the other shitcoin developers are doing with their pre-mined wealth.

Considering the current situation in India right now, we can clearly see how much help it needs. Regardless how suspicious the help that is given by Vitalik, no matter what hidden agenda he has that is correlated with boosting Ethereum's popularity, the help he is given will surely aid the country a lot. Many people are dying each day due to the continuous epidemic dominance and even the tiniest help would matter for them right now. Let us keep on praying for our Indian brothers for the betterment of our country.

That's my stand on this issue, if he has ulterior motives, I think that we just set it aside, let's focus on the people that needs the help right now. This issue will have to take some rest and focus on the much bigger problem which is the pandemic.

You guess? Even if he didn't cash out, he literally owned that money. Way to undermine the effort.


They would have suffered eventually. "Investors" knew the risks and it would have crashed eventually as it didn't have any serious use case or reason to exist. Shiba Inu didn't bring anything new to the table and everyone knew this. Maybe people will learn from this but i doubt it.

Saying is: "Your keys, your money" and everyone who bought in, bought in knew that Vitalik owned more then 50 trillion tokens. Somehow they thought that Vitalik would endorse a token that has zero innovation and makes this whole space look scammy.

Let's just hope that the money that vitalik buterin donated will be in good use in india especially this time that they face a lot of problems because of the covid 19. What's funnier is that shiba inu is listed on an exchange after vitalik buterin donated shiba inu token that is worth billions. Read more here https://markets.businessinsider.com/currencies/news/shiba-inu-binance-indian-exchange-dogecoin-ethereum-vitalik-buterin-donation-2021-5-1030431008.

Agree, not to mention that the devs intentionally sending the token to vitalik's address meanwhile we all know that vitalik's address is relatively active, why don't the developer just send it to burn address if they truly want to burn the 50% of total supply?
doesn't make sense at all, now that vitalik dumping it every one crying so hard, meanwhile if they are true investor they should know the consequence of someone owning 50% of total supply, ridiculous.

I was going through various Indian social media channels. Despite the enormous amount involved here, the mainstream media hasn't given much importance to this story. Even the social media is silent for the most part. I found only a few articles in newspapers, and even in those articles some of the individuals were doubting his intention behind this huge donation. Overall, it was disappointing for me. I was expecting the media to cover the story on the front page.

He might be having some hidden agenda behind dumping that coin, but it happened for something good then its acceptable!

Not only him, lot of people donated huge amount of money to the Indian government for the recovery of their people but what is the ground reality is India itself having enough money in their hand but money can't anyone to recover from covid, they are lacking the products which is what India need right now like medical supplies, oygen, beds and even doctors.

Kind of agree with the corruption because there is no transparent data available where all these relief funds are going, mean while India is building a luxury house for Indian prime minister for 13,500 crores around 200 million dollars if I am not wrong. :-X

Why do you expect the media (especially the mainstream ones), which are certainly under the control of the ruling politicians, to give space for cryptocurrencies to be promoted as something that can be helpful to society in this particular case? Because when the situation calms down, there is no doubt that attacks on crypto will start again - and that is just proof that those in power want to keep the lever which allows them to have control over people.

All countries that have a negative opinion about cryptocurrencies have a very low degree of human freedoms - just look at some European countries like Germany or Switzerland, or maybe Japan - why is it not a problem for them to completely legalize cryptocurrencies?

What matters though is that the funds goes to the right channel. And maybe that is the reason why it wasn't sensationalized by local or even mainstream media. And I think it doesn't needed too, the most important thing is that Vitalik help is going to reach and will definitely help India in a big way as his donations is worth billions of dollars. And what will Vitalik get from the media? nothing, on the contrary they might find some negative about it.

Because, the developers wanted to say to the whole world that "look vitalik owns 50% of all shiba!! This coin is so awesome that even Vitalik owns so much of it!!" and do a marketing that way without getting permission from Vitalik himself. That has always been the case, that was the only reason to send it to Vitalik and not some other place.

I do not think that anyone really cares about anything that would happen in the future as long as they could make money, the creators of shiba just cared about how much money they could make. Yesterday I saw creator of Doge tweeting to Elon with a cry eye emoji, someone asked the creator if he considered mining hurting the world and dude said "I coded it in 2 hours, I didn't consider anything". People do not really consider anything other than just making money and this is the result of it and nothing more.