- The Importance of Long-term Crypto Applications
- Critique of Short-term Financial Projects
- Dangers of Centralization
Vitalik Buterin, the co-founder of Ethereum, has shared his views on the future of crypto applications, emphasizing the importance of decentralization and sustainability.
The Importance of Long-term Crypto Applications
Buterin stated that he looks for applications that are useful in the long run and do not sacrifice the principles of decentralization.
Critique of Short-term Financial Projects
Buterin criticized the hype around yield farming in 2021, considering these projects temporary and without a long-term plan. He highlights the importance of understanding the source of yield and advises caution.
Dangers of Centralization
Buterin discusses that financial decentralization is only part of the issue and emphasizes the importance of fighting centralization in other areas of technology. He expresses concern over political attacks on encrypted messengers, centralized identity systems, and social media platforms. He also points to the growing threat from powerful countries that control internet access and monitor users.
Vitalik Buterin emphasizes the need for sustainable and decentralized applications as well as the importance of counteracting centralization in various technological areas.
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