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TL;DR
MakerDAO is switching from Ethereum to Solana, which means its community charges will now go to Solana.
In response, Ethereum founder Vitalik Buterin simply bought all of his MakerDAO holdings (~$580k).
When Steve Jobs was fired from Apple in 1985, he did one thing comparable – promoting off all however one in every of his shares.
Full Story
When Steve Jobs was fired from Apple in 1985, he bought off all however one in every of his shares and rode off into the sundown.
Vitalik Buterin adopted the same path final week when MakerDAO introduced it will be switching from Ethereum to Solana.
For these of you taking part in at residence…
This is what MakerDAO is/does:
MakerDAO is the issuer of the ‘DAI’ stablecoin – a coin that stays pegged to the value of the US greenback.
This is what switching from ETH to SOL means:
MakerDAO is overhauling its operation, and shifting to Solana – which is form of like an organization saying:
” what, screw Microsoft – we’re shifting to Apple’s working system.”
Level being: the community charges which can be generated by MakerDAO’s new and improved system are actually going to Solana, as a substitute of Ethereum.
This is what Vitalik did in response:
He bought all of his MakerDAO holdings, which amounted to roughly $580k.
A small sum of money within the grand scheme of issues, however a strong snub when pointed at MakerDAO.
It is no ‘horse head subsequent to you in mattress’ – however it will get the message throughout.
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