While XRP Surges 20%, Expert Says Vitalik Buterin Neglects Ethereum Scaling Efforts

Crypto expert Crypto Bitlord criticizes Vitalik Buterin for neglecting Ethereum scaling efforts amid the 20% surge from XRP.

Market commentator Crypto Bitlord has gone to X to voice concerns regarding Ethereum’s progress. He criticized Ethereum co-founder Vitalik Buterin for not focusing enough on scaling the network, claiming Buterin is more concerned with personal matters. 

I’m sorry but @VitalikButerin isn’t doing enough for $ETH

He’s taking first class flights and worrying about a mask when he should be scaling etherium

In that time $XRP is up 20% while $ETH has barely moved

The sad thing is he knows it. Grifting each day away at conferences

— Crypto Bitlord (@crypto_bitlord7) July 13, 2024

This statement comes amid a significant 20% increase in XRP’s value, highlighting a stark contrast in performance between the two cryptocurrencies. Bitlord’s comments have also sparked diverse reactions from the crypto community, reflecting varied perspectives on Ethereum’s future.

Crypto Bitlord accused Buterin of neglecting Ethereum’s scaling efforts, pointing out that Buterin is seen taking first-class flights and focusing on trivial issues like mask-wearing. The pundit asserts that these purported distractions have contributed to Ethereum’s sluggish movement in the market.

He highlighted that while XRP has surged by 20%, Ethereum’s growth remains minimal. Bitlord’s criticism underscores a sentiment of frustration among some Ethereum supporters, who believe Buterin’s current actions are insufficient for advancing the platform.

Divergent Views from the Crypto Community

The crypto community’s response to Bitlord’s critique reveals a spectrum of opinions. A pseudonymous veteran known as Yakuza defended Buterin, emphasizing his past contributions to Ethereum’s success.

Yakuza argued that Buterin’s efforts have brought Ethereum to its current status, suggesting that recent inactivity does not negate his historical impact. 

Conversely, another analyst dismissed the comparison between XRP and Ethereum, asserting that XRP will never surpass Ethereum. This analyst emphasized Ethereum’s potential and ongoing roadmap, suggesting that the platform’s long-term vision remains intact.

However, there are also voices of dissent within the community, with some analysts expressing skepticism about Ethereum’s ability to scale effectively. These critics argue that Ethereum’s current and future scalability issues make it an unviable option for mainstream adoption.

Comparing Ethereum and XRP

Over the past month, the price performance of Ethereum (ETH) and XRP has shown notable differences. Ethereum experienced a steady decline initially, followed by stabilization and a gradual recovery, ultimately trending upwards but remaining below its starting point for most of the period. 

In contrast, XRP displayed significantly higher volatility, with several sharp drops and quick recoveries. Notably, XRP surged dramatically towards the end of the period, resulting in a substantial positive gain that surpassed its initial value.