Ethereum creator Vitalik Buterin says less than 10% of his non-Ethereum holdings are in Bitcoin, Bitcoin Cash, Dogecoin and Zcash. The self-disclosure by Buterin undercuts complaints that his cryptocurrency investments are a potential conflict of interest.
In a Reddit AMA (ask me anything) session about Ethereum and its leadership, Buterin disclosed that he holds 350,000 ETH, worth approximately $51 million.
He holds Ethereum-based tokens Kyber Network, Maker, Omisego and Augur in his portfolio. They represent less than 10% of the value of his Ethereum.
Buterin notes that in addition to income from the Ethereum Foundation, he has received other salary over the past 12 months, including undisclosed amounts in “advisor tokens” presumably for his work on behalf of some of the Ethereum-based projects mentioned above.
He says he is a shareholder in Clearmatics, a London-based fintech, and Starkware, which is developing full proof stack for the Stark zero-knowledge protocol. He also has non-financial interests in L4, a startup that’s building Web 3, a decentralized web that removes middlemen.
Justin Drake, another ETH developer, says 99% of his token value is in ETH. He uses DAO as collateral to leverage ETH and claims to have close to zero fiat.
Regarding self-disclosure, Buterin says,
“I’d definitely support more people actively involved in protocol decision-making making such statements.”
[the_ad id="42537"] [the_ad id="42536"]