Buterin recently commented on the evolution of cryptocurrencies from 2018 to present. However, he acknowledges that while there have been changes in practical aspects, the fundamental principles of blockchain technology still remain. 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discussed the shift in crypto culture and how the vision of open internet governance and universal basic income has been replaced by memes.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 the underlying 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 discussed funding models such as financing models consistent with universal basic income, which can ensure equal distribution of resources or support impactful initiatives.
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Buterin also praised zero-knowledge (ZK) voting systems, which enhance voting privacy and security through cryptographic techniques.
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 seeking ways to utilize blockchain technology for greater social and technological benefits. This commitment embodies a steadfast desire to go beyond narrow economic interests and establish a decentralized and inclusive network.
