Ethereum Insider Sparks Controversy: Accuses Buterin of Idea Theft from Cardano

November 16, 2023 at 02:30 PM GST updated: December 23, 2023 at 12:16 AM 2 mins read Crypto Live News

Ethereum insider alleges Buterin copied innovative concepts from Cardano’s Charles Hoskinson.
Previous accusations involve claims of secret dealings with SEC and fraudulent ICOs.
Steven Nerayoff promises proof of allegations against Ethereum’s co-founders in coming days.

In a startling revelation, Ethereum insider Steven Nerayoff has renewed allegations against Vitalik Buterin, co-founder of Ethereum, claiming intellectual property theft. Nerayoff, who had previously accused Buterin of copying his ideas, now suggests that Ethereum’s co-founder also imitated concepts from Cardano’s Charles Hoskinson.

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What timing! This is why I just said @Cardano_CF is my top pick in crypto. You will hear on the recording me telling @VitalikButerin he made a major mistake in getting rid of @IOHK_Charles & should bring him back.

Are the clueless smug @ethereum cultists who got rid of Charles… https://t.co/x5w6yDRB4M
— Steven Nerayoff (@StevenNerayoff) November 15, 2023

Cardano, established in 2017 by Charles Hoskinson, a former Ethereum founder, witnessed his departure in 2014 due to a disagreement with Buterin over the project’s nature. While Hoskinson advocated for a commercial approach, Buterin favored a non-profit initiative.

Seven years later, Nerayoff asserted that getting rid of Hoskinson was a “huge mistake” and questioned Ethereum enthusiasts who supported Buterin’s alleged imitation of Cardano.

Nerayoff further claimed that Buterin replicated innovative ideas from Ripple to develop Ethereum’s smart contract functionality. He accused Ethereum co-founder Joseph Lubin of stealing his concept for Initial Coin Offerings (ICOs) and utility tokens.

According to Nerayoff, these two aspects have been the only successful elements for Ethereum, raising concerns about the platform’s technological foundation.

These accusations are not the first from Nerayoff, who recently alleged secret dealings between Ethereum executives and SEC chair Gary Gensler, surpassing fraud levels compared to FTX founder Sam Bankman-Fried.

He promised to provide proof of these claims within the next 4-5 days, intensifying the controversy surrounding Ethereum’s leadership. As of now, Buterin and Lubin have not responded to these allegations. The crypto community awaits further developments as Nerayoff continues to unveil his claims against Ethereum’s core team.