"The Secret History of Ethereum"

CN
11 days ago

"The Secret History of Ethereum"

2015

On a dark and stormy night

Vitalik (Little V) had just found his true mentor in China

In addition to freeloading, he occasionally needed to brainstorm for the development of Ethereum, seeking input from all sides

Wanxiang had just completed its investment in Ethereum at this time

But at this time, Ethereum:

  • No one was paying attention
  • No one understood
  • No one was playing

A bunch of "suckers" investors gathered around the table, demanding their rights from Little V while discussing how to recoup their investments

The main issue being discussed was: What the hell is the use of Ethereum?

Little V scratched his head and said: I don't know what it's used for, but the technology is awesome

An investor was so angry that he said:

Let me throw out an idea for everyone. In the past, if you wanted to create a coin, you had to assemble a team of 10 people, fork the code of Bitcoin, make some changes, and then you could create a copycat coin, like DOGE, LTC, etc.

Let's not think too much about it. Let's just consider Ethereum as an IPO platform. The slogan for promoting ETH is "Let everyone use blockchain to create coins and harvest leeks."

Leeks who want to buy coins on Ethereum must use ETH.

This way, everyone should have a chance to recoup their investments.

Ethereum = a casino where everyone can create coins

This was the original mission that Little V accepted. He needed to explain the purpose to the entire community like this, otherwise the investors would not let him off.

Two years later, the ICO frenzy arrived, and a myriad of coins were launched

Little V finally began to show some strength

Those big players we are familiar with today, at that time, still had youthful faces, holding sickles, and one by one ascended to the altar

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