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On June 7, 2014, all eight Ethereum co founders gathered at a rented house in Zug, Switzerland to sign incorporation documents
The plan was to make Ethereum a for profit company
Instead, Vitalik Buterin walked out onto the terrace alone
He stood there by himself while everyone waited inside
Then he came back and announced that CEO Charles Hoskinson and co founder Amir Chetrit were fired and Ethereum would become a nonprofit instead of a company
They never signed the documents
Hoskinson was telling people he was the CEO of Ethereum and doing media interviews as the face of the project
Vitalik had two nicknames for the two Amirs on the team: Amir Taaki was “Anarchist Amir” and Amir Chetrit was “Capitalist Amir”
Chetrit was pushed out for not contributing enough
Hoskinson was pushed out for trying to turn Ethereum into a Silicon Valley startup
The entire meeting is known internally as Ethereum’s “Red Wedding”
Vitalik later said: “I did realize at that time that not everyone in the cryptocurrency field is like me, fighting for ideals
Many people just want to make a lot of money”
Hoskinson went on to create Cardano
The 20 year old who fired him built a $200,000,000,000 network