Vitalik Buterin supports the crypto community’s right to redefine ‘inflation’.

Vitalik Buterin, the founder of Ethereum, confirmed that the crypto community already “has the right to kill” the term inflation.

Buterin's comments came in response to a post by digital media company Axios XPost, which said the term “inflation” now means higher prices rather than rising prices.

Despite the “tongue-in-cheek” nature of the Axios post – as X Community Notes (CN) points out – CN explained that “the definition of inflation is not changing”.

Buterin's Farcaster post argued that Axios' definition of inflation is that the crypto community has already defined the term.

“[…] Now we have decided that it means ‘increasing currency in general'.

Buterin's response to the Axios post drew support from other Farcaster users, including former Coinbase employee Binji.eth.

Typically, inflation refers to an overall increase in the price of goods and services, which reduces purchasing power because money is scarce.

However, a shift in the traditional redefinition of inflation – as noted by Buterin – suggests that ongoing global inflation is fundamentally unhinged from “aggregate supply”.

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Tech investor Lee Edwards criticized Axios' initial tongue-in-cheek X post, saying:

“You can educate your readers instead of confirming misconceptions.”

Buterin has recently devoted a lot of time to Farcaster, pushing community-focused solutions and initiatives to protect privacy and prioritize exploit fixes.

From proposing solutions to Ethereum's mining value (MEV) problem to supporting the rise of zero-knowledge (ZK) proof social media, Buterin's involvement in the decentralized community is no surprise.

However, the Ethereum Foundation has yet to comment on the growing community concerns about researchers Dankrad Fest and Justin Drake joining EigenLayer's ranks.

EigenLayer's decision to become a consultant for significant compensation in EIGEN tokens has sparked considerable debate in the crypto community.

Some members of the community supported the transparency of the statement, while others opposed the decision, pointing out that “huge compensation” would influence decision-making.

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