ETH - As Dogecoin Shiba Inu Surge Ethereum Co-Founder Vitalik Buterin Warns 'Some Categories..Are Way Over-Invested' | Benzinga
Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin has pointed out that important parts of cryptocurrency technology are not getting enough investments compared to popular meme currencies like “dogcoins.”
What Happened: As Shiba Inu (CRYPTO: SHIB), Dogecoin (CRYPTO: DOGE), FLOKI (CRYPTO: FLOKI) and other meme coins rally, Buterin on Saturday responded to an X user Roko about the crypto infrastructure’s deficiencies.
I feel like 2 years ago I completely agreed, and my high-level argument was something like "infrastructure is public goods, the incentive to fund public goods is N times smaller than optimal (that's basic econ 101), so it's practically impossible for there to be too much… — ...