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Ethereum’s Vitalik Buterin: Libra doesn’t have political neutrality in comparison to other crypto projects

In a recent interview with BLOCKTV, Ethereum Co-Founder Vitalik Buterin talked about the future prospect of Facebook’s Libra while also identified concerns regarding Telegram’s impending blockchain. Buterin acknowledged Libra’s newfound presence in the crypto community and admitted that its introduction had “shaken up the space in interesting ways.” The fact that a multi-billion company had […] The post Ethereum’s Vitalik Buterin: Libra doesn’t have political neutrality in comparison to other crypto projects appeared first on AMBCrypto.
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Vitalik Buterin Stays Confident about Ethereum 2.0 and Optimistic about Facebook’s Libra

Coinspeaker Vitalik Buterin Stays Confident about Ethereum 2.0 and Optimistic about Facebook’s LibraOn Sunday, the Ethereal Summit took place in Tel Aviv. The Summit is a global series of conferences focused on connecting leading companies and influencers shaping the future of blockchain. At the event, Ethereum founders Joseph Lubin and Vitalik Buterin were among the speakers. They commented on the development of the upcoming Ethereum 2.0 update and discussed possible collaboration with Facebook within their nascent cryptocurrency – Libra.Prospects of Ethereum 2.0Ethereum 2.0 will facilitate a number of on-chain transactions while at the same time maintaining key aspects of decentralization and security. It combines important projects like Proof-of-Stake (PoS), sharding, and eWSAM. As Vitalik Buterin stated, the new network aims to run ‘tens of thousands of transactions per second,’ and he is very confident about the launching phase of Ethereum 2.0 scheduled for January 3, 2020.During the event in Tel Aviv, Buterin promised that the network will be interoperable with applications built on the original blockchain. Buterin said:“[Ethereum 2.0] is an updated version of the same vision. It’s a sandbox where people can try things and see what works. The thing that has changed are the tools we use.”According to Buterin, everything is ‘finalized except for things that come up during the security audits’. He added:“The clients are now talking to each other. The next step is to make sure they can maintain a public network at scale. We’re talking about potentially hundreds of thousands of validators aggregating a huge number of transactions.”Further, Ethereum co-founder replied to critics who believe that the rewards received on the Ethereum 2.0 network will be too low for validators to keep the network running. Buterin commented:“There have been a lot of misconceptions there. There are people throwing around the 1 percent statistic. In reality, the maximum reward is 1.7 percent per year, only in the case where literally everyone is staking. In the case that a smaller number of validators are staking, the rewards go up a bit.”Ethereum and Facebook May CollaborateVitalik Buterin also had an interview with Globes, where he shared his opinion about Libra – a stable currency designed by Facebook on a reliable and secure open-source blockchain, supported by a reserve of actual assets, and managed by an independent association.First, Ethereum co-founder explained why he does not consider Libra’s current structure reliable in terms of privacy. According to Buterin, Libra does not have means for protecting the users’ privacy. Moreover, it does not provide enough scalability. Keep users’ currencies in custody wallets is also not the best idea. He added:“In a situation like this, it’s always possible that a certain company will create a wallet that does not carry out such a process, and there may be people who will use it for money laundering.”Moreover, Buterin considers such projects as Libra as ‘a wakeup call for governments’:“In my opinion, projects like Libra are like a wakeup call for governments, which are now realizing that if they don’t revise the technology of their sovereign currency, they will have competition. We are therefore now seeing a lot of interest in creating a sovereign digital currency.”At the same time, Buterin is generally positive about Facebook’s initiative. He believes that Ethereum and Facebook should work together. Buterin said:“There’s definitely people looking at making a Libra Litecoin that runs on the Ethereum blockchain. I think we should extend an open hand to systems that are more decentralised than we would like.”Ethereum co-founder and ConsenSys CEO Joseph Lubin supports such a view. During the Ethereal Summit, Lubin said:“There’s definitely been some talks. There’s the possibility of interoperability with Ethereum if there’s a viable wallet connection. But I don’t see [Libra] being a viable competitor to Ethereum as a decentralized [financial system]. Actually, it could be an excellent onboarding mechanism for us.”Libra is quite a controversial project and a number of governments set to ban any further development of Libra. But if Facebook one day partners with Ethereum to work on the improvement of Libra’s system, everything may change.Vitalik Buterin Stays Confident about Ethereum 2.0 and Optimistic about Facebook’s Libra
Coinspeaker

Ethereum’s Vitalik Buterin says Libra is a wakeup call for governments

Facebook’s nascent crypto project libra has run into serious problems, with fresh objections being raised from regulatory bodies across the globe, right from its announcement in June. Recently, France’s finance minister Bruno Le Maire announced that they won’t allow any development of Libra in their country as it threatens government’s monetary sovereignty. Right after France’s […] The post Ethereum’s Vitalik Buterin says Libra is a wakeup call for governments appeared first on AMBCrypto.
AMBCrypto

Vitalik Buterin in Ethereal: This Is How I Eliminate Scams In ICOs

The Ethereal Summit is currently taking place in Tel Aviv, Israel. One of the more interesting panels was that of Ethereum’s co-founder, Vitalik Buterin. Titled “Q&A On Ethereum 2.0 With Vitalik,” the discussion revolved around plenty of things concerning the future of the network, including scalability solutions.  Discussing one of the hottest trends in the past months, namely, Decentralized Finance (DeFi), Buterin touched upon a matter which concerned plenty of people since back in 2017: the unacceptable number of scam Initial Coin Offerings (ICOs).  Public Interest Projects: Appropriate Spin on ICOs ICOs were a hot topic back in 2017 and throughout most of 2018. Yet, as it turned out, the majority of the projects failed to deliver on their promises and couldn’t develop and deploy the product they raised money for. Hence, why a lot of people consider them to be rather scammy.  Commenting on the matter, Vitalik Buterin proposed a solution made possible by the concept of decentralized finance – something that’s been getting quite hot throughout the past few months.  He refers to the solution as “public interest projects” and gives the following explanation: What this is a spin on the ICO idea that I had one and a half years ago. So the idea is instead of projects having ICOs where people will just send them the money, and they, well, go away, you have a scheme where people put their tokens into a smart contract. […] The developers don’t just have access to the tokens, they can’t take them. Instead what happens is the money gets put in Compound, or some other interesting thing […] and then the interest goes to the developers. In other words, instead of people blindly trusting a certain project, they’d lock their tokens into a smart contract. That money will then be deployed into a DeFi solution which provides a certain interest rate and that’s how the project will be funding its future endeavors.  The idea is rather interesting, mainly because it takes away the risk for investors. Since their money is locked in a smart contract, this eliminates the risk of the project running away “in Indonesia or something,” as Buterin said himself.  The Power of Decentralized Finance Decentralized Finance is perhaps one of the hottest topics among the crypto community throughout the past few months and it’s catching speed fairly quickly.  The main concept is that traditional financial systems would leverage the decentralized nature of blockchain-based technologies, hence making said systems faster, cheaper, and, more importantly, globally accessible.  Commenting on the matter live at Ethereal Summit in Tel Aviv, Buterin said:  I’m very excited about that DeFi offers in principal. The idea that anyone, anywhere in the world can just have access to a system that lets them pay each other […] and basically lets them choose their own financial exposure is very powerful to me. That’s something that a lot of people just don’t have access to. Yet, Buterin also warned that people shouldn’t be heavily encouraged to put their money in DeFi protocols mainly because they are still untested and have a non-zero chance of failure. The post Vitalik Buterin in Ethereal: This Is How I Eliminate Scams In ICOs appeared first on CryptoPotato.
CryptoPotato

Adam Back Linked to Jeffrey Epstein? Vitalik Buterin Refutes Claims

Vitalik Buterin deemed the link between Adam Back and deceased billionaire Jeffrey Epstein as tenuous at best. But social media posters noted potential flows of funds between MIT Media Lab and Blockstream, a company for Bitcoin-related services. Vitalik Comes to Adam Back’s Aid Adam Back, the co-founder of Blockstream, was the next in line to receive bad publicity from an alleged connection to the funding of billionaire Epstein. Ethereum’s co-founder Vitalik Buterin tweeted in his defense, stating that the connection was too far-fetched. Buterin found too many degrees of separation between the billionaire’s money and the actual activity of Blockstream. Ashamed to see anti-BTC people trying so hard (also https://t.co/Yapd63U27Q) to focus on this third degree connection (JE➜Joi➜DG➜BS and JE➜Joi➜DCI➜core devs) to argue BTC dev is horribly corrupt. Let's stop abusing tragedies to push agendas and focus on substance please. https://t.co/JVjXKr3ZCw — Vitalik Non-giver of Ether (@VitalikButerin) September 9, 2019 The link between Bitcoin Core, it turns out, started with a mention of Bitcoin (BTC) and its features of scarcity, in an old interview for TheNextWeb from 2017. Epstein mimicked some of the tenets of Bitcoin Core, in that BTC is not a currency, but a scarce store of value, even superior to gold. However, many so-called “Bitcoin maximalists” have shared a similar sentiment. At that time, Epstein was already convicted for his predatorial ways and soliciting prostitution from underage women. MIT Media Lab Linked to Crypto Projects But Redditors also dug up a deeper connection, through the now-reviled Joi Ito, the recently resigned head of the MIT Media Lab. Ito, a proponent of cutting-edge technology, apparently led funding rounds for Blockstream through his venture capital firm, Digital Garage. Ito himself only kept a materially insignificant share of Blockstream, based on the investment of Digital Garage. MIT Media Lab also spawned the Digital Currency Initiative, which is another potential link of Epstein’s funds to the crypto space. One of the beneficiaries of the Initiative was Wladimir Van der Laan, a Bitcoin Core developer. Van der Laan was at the helm of the merge process for writing any new Bitcoin Core code. MIT Media Lab became notorious after Ito continued to accept funding from Epstein. For years even after his crimes were known, Ito even covered up the actual source of financing. Ethereum’s co-founder, Buterin, receives credit for the term “Bitcoin maximalist”. Initially, the term worked as an insult, as ETH was rather competitive back in 2017, with the potential to take over BTC still seen as a viable possibility. But more recently, “Bitcoin maximalist” became a positive expression for supporting BTC before altcoins. What are your thoughts on Epstein’s links to Bitcoin? Share your thoughts in the comments section below! Images via Bitsonline, Twitter @Vitalikbuterin The post Adam Back Linked to Jeffrey Epstein? Vitalik Buterin Refutes Claims appeared first on Bitcoinist.com.
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DIGEST

Donald Trump appoints a pro-Bitcoin Chief of Staff, Facebook hires 40 ex-PayPal members and develops a stablecoin for WhatsApp, cryptojacking cases have risen 40%, Ethereum reaches 50M unique addresses, Vitalik Buterin gives $300K to three startups, the UK releases a new tax rule, OKEx launches Perpetual Swap, Coinbase migrates $5B to cold storage

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DIGEST

This week twitter-community is waiting for the BCH fork, reading Vitalik Buterin and expressing opinions... — nothing uncommon, but quite lively

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ESSENTIAL

Algorand is a new cryptocurrency and consensus protocol. Its two core technologies are the binary Byzantine Agreement and cryptographic sortition. Algorand’s main difference from other proof-of-stake systems is the absence of economic incentives for network participants, hence the viability of Algorand is currently a subject to wide debate in the community

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Token Swap: Tether Announces Token Burn Of Over 400 Million USDT

Tether has shared a piece of information about a forthcoming token burn which according to announcement would take place shortly. According to a tweet from their official Twitter handle, Tether plans to shortly move 400 million Tether USDt as part of its Omni authorized but not issue pool to the issuance address in order to burn/revoke them. Tether will shortly move 400m Tether USDt as part of its Omni authorized but not issue pool to the issuance address in order to burn/revoke them. — Tether (@Tether_to) September 16, 2019 Tether Minted 300 million USDT Few Days Ago Few days ago, Tether took to Twitter to inform its users that it was coordinating with a third party to perform a chain swap. This was planned in order to convert some tokens from their original Omni to an Erc 20 protocol. At the time of the initial announcement, 300 million Tether USDt was announced to have been minted for the swap. However, these conversions took place few days ago as Tether promised the token swap wouldn’t disrupt the total supply. In few hours Tether will coordinate with a 3rd party to perform a chain swap (conversion from Omni to ERC20 protocol) for 300M USDt. Tether total supply will not change during this process. — Tether (@Tether_to) September 12, 2019 Whale Alert, a twitter account dedicated to alerting the community of big cryptocurrency transactions, noted the coinage described above in a tweet published on Sept. 12. As per a second tweet submitted as an answer to the first one, Whale Alert offered an explanation of the type of transaction: “This USDT mint is part of a swap. The corresponding burn on Omni has not taken place yet.” And finally, Tether is burning the Omni Tether that was already converted to ERC20. Until now, no token burn has taken place on Omni blockchain. In July, it was reported that Tether accidentally minted and burned 5 million USDT tokens. However, Tether long-standing controversy about issues relating to transparency and market manipulation. The post Token Swap: Tether Announces Token Burn Of Over 400 Million USDT appeared first on Coingape.
CoinGape

Zero-Knowledge Proof Solution from QEDIT Implemented Into Kaleido Blockchain For Transaction Privacy

Kaleido, a startup blockchain solution from ConsenSys Venture Studio has gone on record to become the first blockchain platform to implement the zero-knowledge proof solution from QEDIT—the crypto private company. A Non-compulsory Feature On September 13th, 2019 QEDIT shared a paress released with Cointelegraph where it stated that the partnership it had developed with Kaleido […]
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Cryptocurrency Exchange OKEx Korea Removes Privacy Altcoins

According to an official announcement made by the South Korean branch of OKEx, the popular exchange will delist five privacy coins as early as October 10, 2019. Complications for Privacy Coins Trading of Monero (XMR), Dash (DASH), ZCash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) on OKEx Korea will be suspended on October 10, 2019,Read MoreRead More. The post by Edoardo Vecchio appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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