Vitalik Buterin Recounts Lessons Learned Since Ethereum Inception

Vitalik Buterin Recounts Lessons Learned Since Ethereum Inception

Recently, Breaker Mag published an interview with the Ethereum co-founder, discussing a wide range of issues from fake news to communication concerns

After Buterin’s Devcon4 keynote presentation, Brain Patrick Eha of Breaker Mag approached him for an interview. Eha characterized the ETH founder as a humble and ‘unprepossessing centimillionaire’, ‘without an unkind bone in his own body’.

The Interview

The interview delved into Buterin’s awareness of his work as Ethereum’s creator and developer, his view on super-quadratic sharding, and some of the lessons he learned for the past five years.

  • Around the middle of last year, a thread on 4Chan said Buterin was confirmed dead due to a fatal car crash. During that time, the price of ETH fell. He was asked if he is concerned by the community’s dependence on him.

He replies, in a decentralized system, community reliance on him is ‘definitely a problem’.

The whole point of decentralization is that you can make a system where you don’t need to know which specific people are involved in it and that they’re trustworthy in order to be able to participate in it.

  • Another question centered on whether or not those who cannot understand mathematical or programming language are in the mercy of those who could?

To which he replies that there is ‘definitely a balance there’. Some concepts are in fact complicated needing decades-long researches. This is why Buterin is not very fond of super-quadratic sharding. And doing quadratic sharding is what he opted to, in order to lessen protocol intricacies.

But you do have to be very hawkish about protocol simplicity. And there are areas where I’m trying hard to come up with ways to push the protocol’s complexity down.

  • For the past five years since Ethereum’s inception, Buterin has learned a life lesson that without addressing the fundamental issue, a dialogue will not resolve a conflict.

At some point I realized that you can’t resolve all conflicts by just getting the two people to sit down and have a conversation with each other and hug each other. That resolves it for one hour, but then they go back to their rooms, and if the underlying issues aren’t addressed then it’s not changed.

The full interview spans a total of 9 Q&A, originally published on Nov, 11 on Breaker Mag.

Ethereum

ETH
Price
272.72 USD 0.74%
0.03118000 BTC 2.16%
Volume, 24h
2,405,210,584 USD
0.00%
Marketcap
28,549,930,014 USD
10%
Emission

Related news

Multi-Collateral Dai goes live with Ethereum and BAT as collateral

MakerDAO (MKR) transitioned to the long-awaited Multi-Collateral Dai (MCD) system that allows Basic Attention Token (BAT) to be used as collateral in addition to Ethereum ahead of other tokens. AccordThe post Multi-Collateral Dai goes live with Ethereum and BAT as collateral appeared first on AMBCrypto.
AMBCrypto

Ethereum and Binance Coin to Lead Next Major Rally as Altcoin Season Looks to Prevail

Bitcoin has been outperforming most cryptocurrencies throughout this whole year. Bitcoin’s total market capitalization dominance has been increasing dramatically since January 2018 when it was only at around 30%. Bitcoin reached 50% dominance in January of 2019 and almost broke above 73% only 2 months ago. There has been a lot of discussions about when will altcoins take over or if they will take over at all. Currently, the market seems to be simply following Bitcoin’s steps but what would it take for altcoins to finally get away from Bitcoin? The main reason Bitcoin is so dominant is the fact that it holds most of the cryptocurrency pairs and fiat pairs. A new investor that wants to buy a new cryptocurrency will need to first buy Bitcoin or one of the few major cryptocurrencies in order to exchange it for the one he wants. What are Market Pundits Saying? It does seem that in the past few months, some of the larger cap coins have been exceeding Bitcoin’s performance, BNB has been a clear example throughout the whole year but has slowed down significantly. A crypto pundit Gautam Chhugani tweeted recently about his unpopular opinion of how altcoins will lead the next rally and Bitcoin will simply follow. Unpopular call: Alts will show Bitcoin the way this time. ETH, BNB will lead the rally. Bitcoin will follow. This tweet really started to gain traction when Changpeng Zhao, CEO of Binance, responded with: Popular with me. pic.twitter.com/XnIvE9Wmc6 — CZ Binance (@cz_binance) November 17, 2019 Now, this isn’t necessarily a very objective view as CZ wants altcoins to thrive because of BNB, however, other analysts have also mentioned the possibility of a new altcoin season. CryptoBitLord, a cryptocurrency trader, has said in the past that he believes the bottom for altcoins is in and this is the time to ‘go all in’ if you are into it for the long term prospect. Blockchain advisor and crypto trader, Rand has said something quite similar as well, Inference The sentiment does seem to be positive about altcoins, however, Bitcoin’s dominance is still really high even after losing 4% in the past month. Altcoins still need to prove a lot and it will be puzzling, especially with Bitcoin’s halving coming up soon. Either way, a bull run will avail everyone, altcoins, and Bitcoin. The post Ethereum and Binance Coin to Lead Next Major Rally as Altcoin Season Looks to Prevail appeared first on ZyCrypto.
ZyCrypto

Ethereum’s Transition to Proof Of Staking In Version 2.0 Scheduled For Q1 of 2020

According to crypto news sources, the first stage of the Ethereum network’s transition to Ethereum 2.0 is expected to take place in January of 2020. In a recent podcast, Danny Ryan who is a researcher at the Ethereum Foundation explained on the new sharding proposal will allow for a reduction for the amount of shards […]
Bitcoin Exchange Guide

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.