Social Media FUD Triggers High-Profile Departure of Ethereum Classic Developer

Another coder from a leading blockchain project is throwing in the towel. This time, it’s Anthony Lusardi, who is resigning from his post as U.S. director of the Ethereum Classic Cooperative. Lusardi is leaving because he “simply cannot deal anymore,” according to his explanation.

It’s the second high-profile developer defection in as many months, with Ethereum’s Afri Schoedon abruptly announcing his departure from the second biggest blockchain project in February. And while Lusardi is leaving the coop, he will remain involved with Ethereum Classic.

He’s blaming an exasperating experience with the crypto community on social media in which he had to double as a communications director.


Join CCN for $9.99 per month and get an ad-free version of CCN including discounts for future events and services. Support our journalists today. Click here to sign up.


He stated:

“My role was highly visible and largely required me to respond and deal with a lot of social media. If something bad happened, people would spread FUD and I’d have to respond. If something good happened, same thing. It felt as if no news was the only good news I’d actually get.”

Social Media FUD Triggers High-Profile Departure of Ethereum Classic Developer 1

Source: SFOX on Medium

ETC Coop is designed to “accelerate the growth of Ethereum Classic,” the latter of which was created on the heels of the DAO hack and subsequent hard fork of Ethereum. The developer teams have had their share of differences, but in the end, it was the community that pushed both Lusardi and Schoedon away.

Bob Summerwill, who is the executive director of the ETC Cooperative, told CCN:

“It is very sad to see Anthony go. Being a public face can be very exhausting, and there has been lots of tribalism within crypto. Social media is an amplifier. Cryptocurrencies, in particular, bring money into the mix too.  It can be very tough.”

Summerwill added that for the time being, he and director of developer advocacy Yaz Khoury will be “holding the fort at the ETC Coop.”

The Ethereum Classic Coop will continue supporting Ethereum Classic, and Lusardi says the number of people working and volunteering on the project is increasing. He just didn’t seem to like who he was becoming.

“I simply have noticed that my reactions to things are outsized for what they are and what my personality is. I had thick skin for the last 3 years and recently lost it. That’s what happened and that’s why I can’t do this full time.”

Lusardi says he won’t go far and will continue contributing to Ethereum Classic as well as Bitcoin. He will explore other roles within crypto. As for Schoedon, he appears to be keeping a low profile since quitting Ethereum after a tweet that he crafted as a joke got taken too far.

ETC Price Lags

Lusardi’s departure is a blow the ETC Coop considering he has been with Ethereum Classic since the beginning, first as a volunteer and later getting hired full time. That type of commitment is something that is inherent with blockchain developers but even they have their limits.

Adding insult to injury for Ethereum Classic, the ETC price has taken a beating in 2019, shedding 15% while bitcoin is up about 5% year-to-date.

Social Media FUD Triggers High-Profile Departure of Ethereum Classic Developer 2

Losing Lusardi is a tough lesson for the crypto community and one whose importance is vital if the blockchain builders will be able to continue doing what they do best — “buidling” and not putting out fires.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

What Are E-stablecoins And How Do They Operate?
What Are E-Stablecoins And How Do They Operate?
August 11, 2022
How to Choose a Legit Crypto Casino?
August 5, 2022
Spend Crypto
5 Ways to Spend Crypto
August 2, 2022
What Is A DAO LLC?
What Is A DAO LLC?
August 2, 2022
Can Running A Lightning Node Earn You Passive Income?
Can Running A Lightning Node Earn You Passive Income?
July 5, 2022


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin23,933 0.28 % 0.63 % 0.46 %
Ethereum1,877.7 0.72 % 1.21 % 5.74 %
Tether1.001 0.20 % 0.22 % 0.06 %
USD Coin1.000 0.44 % 0.25 % 0.18 %
BNB314.95 0.24 % 1.26 % 3.07 %
Cardano0.5624 0.66 % 0.18 % 4.65 %
XRP0.3748 0.33 % 0.31 % 1.21 %
Binance USD1.004 0.14 % 0.42 % 0.18 %
Solana42.12 0.56 % 2.22 % 3.81 %
Dogecoin0.08533 0.50 % 9.12 % 21.53 %

bitcoin
Bitcoin (BTC) $ 23,867.00
ethereum
Ethereum (ETH) $ 1,869.82
tether
Tether (USDT) $ 1.01
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 314.56
cardano
Cardano (ADA) $ 0.559979
xrp
XRP (XRP) $ 0.374339
binance-usd
Binance USD (BUSD) $ 1.00
solana
Solana (SOL) $ 42.95
dogecoin
Dogecoin (DOGE) $ 0.084779