Ethereum (ETH) co-founder no longer believes in cryptocurrencies

Tue 20 Jul 2021 ▪ 11h21 ▪ 3 min de lecture - par Matthieu Palois

A new bombshell in the world of cryptocurrencies: Anthony Di Iorio, one of the co-founders of Ethereum, announces his intention to leave the crypto industry that he considers risky and not useful enough.

Ethereum orphaned by its founders

As the cryptocurrency market goes through one of its toughest times, the Canadian co-founder of the second largest cryptocurrency announces his wish to abandon ship.

Originally Ethereum was launched by eight founders: Anthony Di Iorio, Charles Hoskinson, Gavin Wood, Mihai Alisie, Joseph Lubin, Amir Chetrit, Jeffrey Wilcke and Vitalik Buterin. After this announcement, the only person on the list to continue working on Ethereum is Buterin.

Hoskinson has left ETH to launch the Cardano cryptocurrency (ADA), while Wood has taken a similar step to start Polkadot (DOT). Alisie and Lubin have each launched their own ETH platforms with AKASHA and ConsenSys respectively. Di Iorio thus will follow the path of Chetrit and Wilcke who have also left crypto.

Worried about his personal safety

For Anthony Di Iorio, the choice to leave Ethereum and more broadly the cryptocurrency industry by selling Decentral Inc., a Toronto-based innovation hub and software development company, is justified by the fact that for him the crypto industry has a risk profile he is not “too enthused about”. “I don’t feel necessarily safe in this space. If I was focused on larger problems, I think I’d be safer,” Di Iorio said.

Di Iorio used to be the digital director of the Toronto Stock Exchange in 2016 and in recent years he has specialized in venture capital investment. He is also known for founding the Decentral digital asset wallet, which currently has over one million users.

Now he seemingly wants to turn the page on the crypto industry and invest in other areas that he deems more important: “I want to diversify to not being a crypto guy, but being a guy tackling complex problems. I will incorporate crypto when needed, but a lot of times, it’s not,” he said. “It’s really a small percentage of what the world needs.”

Is this just an announcement or is Anthony Di Iorio really considering leaving the crypto industry for good? Either way, it’s not certain if he plans to liquidate all of his own digital assets.

Matthieu Palois

Mon intérêt pour les nouvelles technologies m’a téléporté dans l’univers blockchain. Dimension à la fois complexe et tellement vaste que mon cerveau a d’abord réagi en mode "Error 404" frôlant la faille spatio-temporelle avant que j’en comprenne peu à peu les codes. Le chemin est encore long avant d’obtenir le salut du dieu Crypto, mais en attendant j’en profite pour partager ma passion avec vous.


The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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