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Co-founder of Ethereum: 'I'm disappointed' that crypto critics have not used the slogan 'beware of geeks bearing grifts'

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Co-founder of Ethereum: 'I'm disappointed' that crypto critics have not used the slogan 'beware of geeks bearing grifts'
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Vitalik Buterin, Co-founder for Ethereum | Facebook

Vitalik Buterin, co-founder of Ethereum, expressed surprise that critics of cryptocurrency, artificial intelligence (AI), or network states have not adopted the phrase "beware of geeks bearing grifts" as a slogan. This statement was made on the social media platform X.

"I'm disappointed that none of the crypto (or AI, or network state, or...) critics so far have used "beware of geeks bearing grifts" as a slogan," said Buterin. "It's just.... right there for the taking!"

In 2025, criticism of cryptocurrency, AI, and network-state movements intensified. According to Business Insider, hedge fund manager Paul Singer argued that AI valuations risk exaggeration and that cryptocurrency threatens U.S. dollar dominance. This underscores cultural and political unease about disruptive technologies.

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Public trust in cryptocurrency continues to evolve. A 2025 CivicScience survey found that 35% of Americans have invested in or plan to invest in digital assets, marking the highest level since tracking began in 2019. CivicScience reported that engagement is strongest among Generation Z and Democrats, suggesting shifting confidence as cryptocurrency becomes a mainstream investment option.

Technology skepticism is increasingly tied to cultural and political critiques, particularly regarding AI governance. Brookings noted that surveys in 2025 show people in the U.S. and U.K. are more concerned than optimistic about AI’s societal role, with distrust directed at both technology companies and governments to manage its risks responsibly.

Buterin, a Russian-Canadian programmer, co-founded Ethereum after publishing its white paper in 2013 and launching the network in 2015. As reported by Crypto.com University, he pioneered smart contracts, enabling decentralized finance (DeFi) and Web3 applications. He continues to influence blockchain development in areas such as scalability, governance, and cryptoeconomics.

Ethereum is a decentralized blockchain platform created in 2013 and launched in 2015 to support programmable smart contracts and decentralized applications. According to Wikipedia and EtherWorld, it has undergone key milestones such as the 2022 transition to proof-of-stake, establishing itself as the backbone of DeFi and Web3 ecosystems worldwide.

Organizations Included in this History
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Brian Armstrong, CEO of Coinbase, said that broader cryptocurrency use will emerge from seamless products where users benefit without engaging with the underlying systems.

Oct 22, 2025

Michael Saylor, co-founder of Strategy Inc., announced that the company has expanded its bitcoin holdings and reported a 25.9% year-to-date yield for 2025.

Oct 22, 2025

Lark Davis, founder of Wealth Mastery, advised traders to avoid leverage and risky "revenge trading" amid widespread liquidations and emphasized the importance of protecting capital.

Oct 22, 2025

Kent Lin, Co-founder of Optimum, said that Bitcoin's market capitalization is approximately 7% of gold's, suggesting that the rally in gold expands potential upside for Bitcoin.

Oct 22, 2025

Anna Milne, founding director of research for the CAFE Association, said that membership focuses on industry leadership that combines innovation with consumer protection, rather than merely adhering to baseline compliance.

Oct 20, 2025

Edward "Coach" Weinhaus, the Founding Executive Director of the CAFE Association, emphasized that fraud is a shared problem and detailed the organization's plan to educate consumers and support responsible companies.

Oct 17, 2025