ETH price indeed matters for the development of the Ethereum, says Vitalik Buterin, who also notes that if the price is zero, then the network cannot be secure.
Ethereum Price Matters Says Vitalik Buterin
Speaking to a full house at the Columbia Journalism School on Wednesday, March 20th, Ethereum co-founder, Vitalik Buterin, stated that the price of the Ethereum token (ETH) 00 must sustain its high level to ensure that the Ethereum ecosystem continues to develop.
The 25 year old Russian-Canadian programmer explained to host Laura Shin that many of his fellow developers previously didn’t pay much attention to Ether price. Back then, much of the Ethereum team downplayed the market price of the ETH token as the focus was largely on developing smart contract technology.
It was also a way for the Ethereum team to distinguish itself from other crypto projects that were “Lambo-ing” instead.
In retrospect, however, this position was incorrect, he admitted.
“I’m going to be really candid,” said Buterin.
Some of the…