This Tuesday, the founder of Ethereum, Vitalik Buterin, took part in the “AskVitalikBA” conference that was held in Argentina. Buterin’s presence brought the conference under the radar of intrigue. During the conference, Buterin shared his perspectives and beliefs on political issues as well as on cryptocurrencies. He gave a clear picture of his opinion on Proof of Stake, which he considers to be more efficient and better protected against censorship. Buterin also appeared to be pretty positive about the possibility of Ethereum growing steadily, even if it disappears from the scene for some reason. He also did not forget to appreciate the people of Argentina for their progressive perspective. However, the Ethereum founder did not have the same opinion of the government that he believed to be incapable, unlike their people.
Vitalik Buterin
The question of continuity
When asked what happens to Ethereum if it disappears, Buterin had a more confident answer. The founder seems to be convinced that the cryptocurrency doesn’t need any support from him in order to remain stable and strong. However, this is rather incompatible with the current situation. Because currently the main difference between the two largest cryptocurrencies in the world is the dependence on their founders. While Bitcoin continues to move forward despite severing its association with Nakamoto, Ethereum remains dependent on Buterin. Buterin’s vision and command are two crucial elements that are driving Ethereum’s progress right now. However, he believes Ethereum will not take a hard blow if it disappears from the scene. Perhaps he is convinced of the ability of crypto to stand on their own two feet. If the ground and the foundation are strong enough, it is not a problem to stand on your own two feet. And then maybe these words of Buterin will prove to be true
“I think the Ethereum community is big and even if I disappear for some reason it will remain a big blockchain, but obviously I’m not going anywhere. “
In 2017, Ethereum prices had seen a sharp drop after fake news claimed Buterin was dead.
Proof of the proportion VS Proof of work
During the conference, Buterin also commented on Proof of Stake’s efficiency, which is much higher than Proof of Work’s. Compared to Proof of Work, which is characterized by its high consumption of energy and mining materials, making it vulnerable to government censorship, Proof of Stake is much more efficient. Buterin is ready to migrate to PoS in the coming year. He also shared his views on scalability, which he sees as a major challenge.
Cryptocurrency in Argentina
Buterin’s presence at the conference had turned the heads of a number of people in the Argentine crypto community. This proves that the tickets sold out quickly. This once again reinforces the influence and importance of buterin in the industry in general. Buterin commented on the use of cryptocurrencies in economies like Argentina, where it is much more convenient to use them to solve problems like inflation and self-centered bureaucracy.
Remarks
Remarks
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