Paxful to delist Ethereum following push for integrity post-FTX
Ray Youssef, CEO and co-founder of Paxful, announced plans to remove Ethereum from the platform and said that the “revenue is nice but integrity trumps all.”. Ethereum as “poorly designed” and uncompliant with the “1st principles” of cryptocurrency.
Lithium Ventures chief product officer Tom Littler explained first principles as criteria used to “help you differentiate the wheat from the chaff.” In brief, these are decentralization or a new system of ownership, incentives to encourage positive social behavior, and no middlemen. “ETH will fail” due to this complexity and the potential changeability it brings at the fundamental level.
Source
https://t.me/CryptoMarketUpdates
