Well, well, well. It seems that Coinbase CEO, Brian Armstrong, has decided to throw a little love Ethereum‘s way in a recent social media post. I know, I know – who needs enemies when you’ve got friends like these?
The Ethereum whitepaper was published 12 years ago today.
Ethereum changed the course of crypto by giving builders greater tools – including a Turing complete language!
Shoutout to @VitalikButerin, the Ethereum co-founders, and the entire Ethereum community. So many of the…
– Brian Armstrong (@brian_armstrong) November 27, 2025
And just like that, the Bitcoin maximalists were not having it. Can you hear the outrage? Apparently, they don’t have time for all that “innovation” nonsense.
No it was a step backwards. Reliance on a centralized banking system figure, CEO, foundation or team is centralization and no different than fiat.
All centralization will end the same. Corruption. Greed. And inflation.
Ethereum is centralized pseudo money.
– Metteyya (@therealmetteyya) November 27, 2025
Diverging Paths (AKA How to Lose Friends in Crypto)
Remember 2013? Oh, those were the days. Armstrong and Buterin met for the first time at a Bitcoin conference in San Jose. Back then, Buterin was just a lowly Bitcoin Magazine writer, and Armstrong probably thought, “Hey, this guy writes well. He might be a crypto genius one day!” Spoiler: He was right. But it wasn’t meant to be. Armstrong, keen to bring Buterin into the Coinbase fold, offered him a job. But alas, Buterin had a little visa problem. Oops!
Fast forward a few months, and Buterin was back in Canada, publishing the Ethereum white paper that changed everything. Talk about a glow-up. And while Armstrong and Buterin’s paths diverged, both men eventually made it onto the Fortune 40 Under 40 list in 2017. #Humbling
The Plot Thickens: The Controversial Ethereum Listing
Enter Ethereum, stage left. In 2015, the crypto world was changed forever, with Ethereum quickly becoming the second-largest cryptocurrency by market cap (no big deal). Now, Coinbase, which had built its reputation on being the go-to exchange for all things Bitcoin, was faced with a tough decision. In July 2016, it did the unthinkable and listed Ethereum. Cue dramatic gasp from Bitcoin maximalists.
So yes, let’s just say the Bitcoin diehards were less than thrilled with that little move. And why? Because, of course, they believe in one thing and one thing only: Bitcoin. Ethereum? Centralized pseudo-money. 💸
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2025-11-27 23:16