At the same time, regulators worry that it will be used by Russian oligarchs to evade sanctions.īuterin has sprung into action too, matching hundreds of thousands of dollars in grants toward relief efforts and publicly lambasting Putin’s decision to invade. Cryptocurrency has also provided a lifeline for some fleeing Ukrainians whose banks are inaccessible. More than $100 million in crypto was raised in the invasion’s first three weeks for the Ukrainian government and NGOs. In the war launched by Russian President Vladimir Putin, cryptocurrency almost immediately became a tool of Ukrainian resistance. Three days after the music stops at ETHDenver, Buterin’s attention turns across the world, back to the region where he was born. And he fundamentally rejects the idea that anyone should hold unilateral power over its future. Buterin is not the formal leader of Ethereum. That’s because he designed it as a decentralized platform, responsive not only to his own vision but also to the will of its builders, investors, and ever sprawling community. The irony is that despite all of Buterin’s cachet, he may not have the ability to prevent Ethereum from veering off course. “And those are often far from what’s actually the best for the world.” “If we don’t exercise our voice, the only things that get built are the things that are immediately profitable,” he says, reedy voice rising and falling as he fidgets his hands and sticks his toes between the cushions of a lumpy gray couch. And so he has reluctantly begun to take on a bigger public role in shaping its future. But he acknowledges that his vision for the transformative power of Ethereum is at risk of being overtaken by greed. Above all, he wants the platform to be a counterweight to authoritarian governments and to upend Silicon Valley’s stranglehold over our digital lives. Buterin hopes Ethereum will become the launchpad for all sorts of sociopolitical experimentation: fairer voting systems, urban planning, universal basic income, public-works projects.
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