Vitalik Buterin sold himself

[dragoz11]

I don`t consider this as a betrayal for crypto and I respect him because even he created one of the most promising coins he has the courage to make objective analysis regarding crypto .

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[NeuroticFish]

"If you're trying to figure out where to store your life savings, traditional assets are still your safest bet."
Source: https://www.cnbc.com/2018/02/19/ethereum-creator-vitalik-buterin-warns-about-cryptocurrency-investment.html

Ok, how come the creator of one of the main cryptocurrencies had the idea to suggest us to invest in traditional assets?
Which also means he is telling us to keep all our money in a government-controlled bank, while the main purpose of crypto is to save us from the gov robbery and banks.

Somebody tell me how much did they pay him to say that insane sentence.

If he's not out of his mind, they threaten him to death ?

Actually it's a call for sanity.
Everybody tells to not invest more than afford to lose. Everybody tells that cryptocoins are a high risk investment. Everybody tells to diversify. He just said the same with different words.
The only bad thing is the timing. He could have told that before Bitcoin dropping to 1/3 and getting all the cryptos with it (although the drop should have been expected).

[ChinkyEyes]

It seems like your English isn't good enough to make a judgment about what he's said, because your assessment of his suggestions is completely false and out of context.

I hope you are right.

Anyway my intent is not to discredit the cryptocurrencies or people who create them.
I'm very pro-crypto.

I just worry because the gov used to publish fake news against crypto, spread terror messages about risk, volatility, blah blah just because crypto can hinder their business.

And now i see a crypto VIP suggesting to invest in traditional assets... it makes me worry and think the gov is threatening them (they did that to Assange , Snowden, etc., so it's not fantasy )

First of all it is always a good thing to diversify your assets so him suggesting we go traditional route is not bad in any sense. Secondly, you sound like you are on a conspiracy trip which it could be true that Rothschild own a lot of the power and money but that doesn't make it so you can't make money in those markets. Also the reason there is going to be more regulation in this space is because of the scammers, pump and dumps, and all other nasty wild wild west practices. If these weren't ongoing regulation wouldn't be looming and I think Buterin is suggesting we play around in markets that are more regulated and protected. The average person who knows nothing about crypto will get eaten alive and for that reason I think this is why he suggests traditional methods of investing.

Jumbled thoughts I know, apologies.

There is a crypto hype, and the average joe is going to get REKT. Most of them don't do enough research, that is why vitalik is saying this. Look at how many scam ICOs there were last year. And let's not forget about bitconnect, how many have been burned by that ponzi scheme? Most warnings in the mainstream media are there for the average person, this is why governments have recently become very active with regulations regarding crypto currencies. Too many people are in shit coins and getting scammed by dodgy ICOs.

[paxmao]

vitalik is not typicall "west " crypto milionare or lambo lover. skin, dont eat much ..

He seems to have the greatest wealth of all, that is, time to enjoy his life doing what he wants. He obviously is not there to buy lambos. Believe it or not, I do understand him in that sense.

[Carlsen]

Don't forget that Buterin was talking about life savings. Only older people have that!
And most of the older people I know, they have no understanding of crypto currencies!
You simply can not encourage somebody to put an amount so important for him into something he has no clue of!
That would be wrong on so many levels!

[SaShiRaJaVu]

Ok, how come the creator of one of the main cryptocurrencies had the idea to suggest us to invest in traditional assets?
Which also means he is telling us to keep all our money in a government-controlled bank, while the main purpose of crypto is to save us from the gov robbery and banks.
Somebody tell me how much did they pay him to say that insane sentence.
If he's not out of his mind, they threaten him to death ?

To be frank that is his opinion and you have to understand that everyone can have their own opinion. He does not believe that his invention could create the future,he is just trying out his luck and reap their benefits as long at it goes and see from there  .I am not too sure about the context of the speech,either way i am not into crypto currency to have the best investment platform,but to be part of the innovative one.

[snkneo]

The keyword is safest. And that is true, especially for most people who are not too computer savvy.

I think it's very good of him to be honest and not shill because it would benefit him more.

[scorilo]

well he is half right. The crypto currencies are very volatile, you need to accept that. But there are a lot of new cryptos that offer practical use and that means they can be more stabile since they are not made just for trading.

[joms07]

Vitalik Buterin was born in Russia in 1994 to computer scientist Dmitry Buterin and Natalia Ameline. He was raised in Kolomna, Moscow Oblast, until he emigrated to Toronto Canada with his family. Placed into a gifted class in the third grade, he shined in a number of subjects including math, programming, and economics; in one story, he is said to have added three digit numbers in his head twice as fast as the average1.

[btc_angela]

He jus trying to share what he think is best for everyone. But I don't think that sold himself. Maybe he is just saying it as a regular guy not involved in crypto.

The keyword is safest. And that is true, especially for most people who are not too computer savvy.

I think it's very good of him to be honest and not shill because it would benefit him more.

Correct. He just trying to emphasize that there are a lot of investment platform out there that can really make you very safe in the long run. He knows how volatile crypto and how it works and its good that he is not against traditional assets as safe haven.