Prior to co-founding Ethereum, Vitalik Buterin, the “coding genius” was involved in the development of a computer program to solve NP-complete problems in polynomial time, supposedly by simulating a quantum computer for which, he allegedly collected funds from investors.
According to Gregory Maxwell, a Bitcoin Core developer and Co-Founder and Chief Technology Officer of Blockstream, Buterin “ran a quantum computer scam.” The subject reared its head after Dan Hedl, Co-founder of Interchange, tweeted about Buterin “trying to convince investors to fund him in constructing a quantum computer to mine Bitcoin.” Buterin responded,
“Never tried to convince anyone to give money to *me* [or to any entity I had a financial interest in] for that project. I recommend you re-evaluate your model of me; the process may even convince you ethereum is interesting and worth your time to explore and participate in!”
Shortly after the response from the Ethereum Co-founder, Hedl apologized and stated that his tweet was based on an archived post of Maxwell. He tweeted,
“Apologies if I had bad information! Sourced it originally from this Greg Maxwell post”
In the original post, Maxwell had accused the Buterin of “building a reputation for himself by writing tech explainers of other people’s ideas,” usually without crediting the actual authors until someone pointed it out.
Buterin has previously stated that he was “fooled” by the people involved in writing the project paper. He called them, “basically cranks, con artists” who were trying to deploy a different strategy by using classical computers “to stimulate quantum.”
Chayanika holds a Journalism degree and is currently working with AMBCrypto.