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Vitalik Buterin on Ethereum's Five-Year Anniversary
Episode 183
Vitalik Buterin, co-founder of Ethereum, shares his thoughts on the five-year anniversary of Ethereum, challenges with ETH 2.0 and criticisms about DeFi. We discuss:
- his thoughts and feelings ahead of Ethereum’s five-year anniversary
- how to address the high gas fees on the Ethereum network
- whether the complexity of Ethereum 2.0 creates a risk for the security of the network
- whether staking will lead to a higher focus on ETH price and issues such as monetary policy
- how he looks at the ETH price with its significance for security in Ethereum 2.0
- how proof of stake systems can be more democratic
- whether staking lends itself to the kind of securitization that looks similar to mortgage-backed securities
- his concerns about DeFi
- the most optimal way for DeFi projects to distribute their tokens
- his thoughts about Bitcoin on Ethereum
- inherent risks to Ethereum users connected to China’s Blockchain Service Network (BSN)
- his views on DCEP, other CBDCs and Libra
- the indictment of Ethereum Foundation staff member Virgil Griffith for allegedly helping North Korea to circumvent sanctions
- how he plans to make the Ethereum Foundation more transparent
- whether lack of diversity would impact the success of Ethereum in the long term
- where he would like to see Ethereum in the next five years
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Episode links:
Vitalik Buterin: https://twitter.com/VitalikButerin
Ethereum: https://ethereum.org/en/
Vitalik’s blog: https://vitalik.ca
Median gas price: https://blockchair.com/ethereum/charts/median-gas-price
Average gas price: https://blockchair.com/ethereum/charts/average-gas-price
Solutions to gas price problem: https://www.coindesk.com/ethereum-developers-consider-new-fee-model-as-gas-costs-climb
Reddit AMA with the Ethereum 2.0 Research team, including Vitalik: https://old.reddit.com/r/ethereum/comments/ho2zpt/ama_we_are_the_efs_eth_20_research_team_pt_4_10/
Paper on how DeFi lending could undermine security in a POS system: https://arxiv.org/abs/2001.00919
Vitalik tweet on yield farming: https://twitter.com/VitalikButerin/status/1278337657194655744
Abra settlement with SEC and CFTC: https://www.coindesk.com/sec-cftc-hit-crypto-app-abra-with-300k-in-penalties-over-illegal-swaps
Maya Zehavi’s comments on what this could mean for DeFi: https://twitter.com/mayazi/status/1282696180741414918
China’s BSN using public chains, including Ethereum: https://www.coindesk.com/chinas-blockchain-infrastructure-to-extend-global-reach-with-six-public-chains
Unchained interview about DCEP: Published on 5 years, 4 months ago