Buterin recently made some comments on the evolution of cryptocurrencies from 2018 to the present. However, he acknowledges that while there have been changes in practical aspects, the fundamental principles of blockchain technology still exist. Bloomberg anchor Joe Weisenthal discussed the shift in crypto culture and how the vision of open internet governance and universal basic income has been replaced by memes.
But Vitalik believes that despite this shift, significant progress has been made in fundamental ideas. For example, he mentioned decentralized social networks like Farcaster and Lens, which aim to improve digital democracy by making internet platforms more accessible and user-controlled.
He also talked about funding models, such as funding models consistent with universal basic income, which can ensure equal distribution of resources or support influential initiatives.
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This is why altcoins outperform Bitcoin in this market cycle.
Buterin also praised zero-knowledge (ZK) voting systems, which enhance voting privacy and security through encryption technology.
However, in today’s market emphasizing financial goals, the core elements behind blockchain – decentralization, privacy, and innovative funding models – continue to drive technological progress.
Overall, Buterin insists that the cryptocurrency community is always looking for ways to use blockchain technology to achieve greater social and technological benefits. This commitment embodies a steadfast desire to go beyond narrow economic interests and establish a decentralized and inclusive network.
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