Buterin explained why it is important that the Ethereum price is high

Ethereum Vitalik Buterin, the founder of the cryptocenter, has heard that the high price of ETH is important for the security of the entire network and the development of its next ecosystem. He announced it at a Colombian school of journalism on March 20 during an interview with Laura Shin in her "Unchained" section.

In response to the question of whether developers should look at the Ethereum price, the buterin pointed to an "earlier rhetoric" that explicitly reduced the importance of the ETH value. "Partially it was anti-signaling to distinguish Ethereum from other cryptocurrency projects that are too focused on" pumping "prices. However, at the same time, we wanted to minimize the legal risk by basically trying to make the project more remote from something that would be subject to financial regulation. ”

However, crypto-space regulators are now better known and know, although many people try to pretend that the market price of the project is not important to them, as it actually works.

,, I can tell you why it is really important that the price is higher. First of all, of course, safety. If the price is zero, the network cannot be safe. That's true about proof-of-work and proof-of-stake concepts, ”Buterin said.

The second reason why it is important for the price to be high is that the creators and participants of the projects within the cryptocurrency ecosystem tend to have a share in the project and are therefore more motivated to work as tokens if the value of these assets is high.

At the same time, the Buterin stated that his role in the project was to refrain from stupid steps that could jeopardize the Ethereum price and lead it in a sway. As an example of such a possible step he introduced the flooding of the market with new tokens.

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