Vitalik Buterin donated billions to India to fight Covid-19 crisis

[verita1]

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/

[target]

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.

[LogitechMouse]

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.

[Xinarae*]

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.

[FinneysTrueVision]

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.

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.

[sapnu]

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.

[zanezane]

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.

[o48o]

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.

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

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.

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.

[nakamura12]

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.

[TastyChillySauce00]

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.

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

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.

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.

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.

[Sithara007]

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.

[mersal]

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.

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.

[Lucius]

Overall, it was disappointing for me. I was expecting the media to cover the story on the front page.

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?

[Dave1]

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.

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.

[sana54210]

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.

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.