Y Combinator founder Paul Graham's "cryptocurrency crisis theory" was rebutted by Vitalik and he has unfollowed Graham.

The renowned American venture capital firm Y Combinator founder Paul Graham, who is also the co-founder of the early Internet application Viaweb. Earlier today, Paul Graham stated that he heard cryptocurrency is heading towards a systemic crisis and unfollowed Ethereum co-founder Vitalik on Twitter after an argument.

Rumors of "Cryptocurrency Crisis"

Y Combinator founder Paul Graham recently stated:

"I have a friend I've known for over ten years and trust. He believes that the cryptocurrency economy is heading for a brief but systemic crisis. I can't confirm this, but if I were exposed to such a risk, I'd be very worried."

After sparking discussions, Paul Graham further commented:

"This is not my statement but his, referring to that friend. Since I don't know any details, I feel it's not appropriate to edit this content. Also, because I'm not clear on the details, asking me what this friend means is pointless. I know as much as you do."

Vitalik's Retort: Just Showing Off?

Ethereum co-founder Vitalik Buterin responded in a sarcastic manner:

"I knew something important would happen through my sources. Please understand that it's my social elite network that informed me of these things earlier, I'm cool, and please witness my cool image." This implied a subtle jab at Paul Graham for merely showcasing his distinctiveness.

In a frustrated response, Paul Graham stated:

"You're being a real jerk by saying that! I'm not doing this to show off. I reluctantly disclosed this because my friend asked me to. He believes it would be helpful for those exposed to risky assets."

Crypto Twitter personality Cobie chimed in, mimicking Paul Graham's tone:

"This is not what Vitalik said, but me. Because he doesn't know any details, I feel it's not appropriate to edit this content."

Eventually, Paul Graham went on to unfollow Vitalik Buterin.

Chamath Palihapitiya's Concerns

Chamath Palihapitiya, well-known for his promotion of NFTs, bullish stance on Solana, and involvement in SPACs (Special Purpose Acquisition Companies), expressed worries about the potential ripple effects following FTX in a recent podcast: