Ethereum founder Vitalik Buterin shared his general views on what happened in 2020 before entering the new year. Buterin, who published a brief history of the cryptocurrency world, made some explanations for the future and explained why he was bullish.
Vitalik Buterin shared a note on December 28, expressing his personal views on 2020. Buterin, referring to the crypto anarchist manifesto shared in 1992, explained what has changed since then, what developments have been made in the cryptocurrency world and what challenges have been faced.
From 1990 to the present: what to look out for in this century?
Central authority phenomenon 20. it was one of the issues that marked the century. One of the ideas discussed in the crypto anarchist manifesto was the radical change of state regulations, tax and control mechanisms, data privacy. According to Vitalik Buterin, this mission has been partially successful today.
People can now connect through complex networks, use cryptography to build systems that even the state has difficulty destroying, and use cryptocurrencies. Buterin referred to smart contract technology, recalling that thanks to this technology, something unimaginable could be done in the 1990s.
Developments in these areas were not enough to make success holistic. As governments and large companies did not disappear, they began to act in cooperation; large technology companies began to emerge. Buterin, who said that the” forest “is becoming more and more” crowded”, suggested that this gives rise to a chaotic atmosphere. Ethereum founder beyond 2020, 21. giving a message across the century, he said::
“If your definition of’ success’ is the complete disappearance of a power figure you don’t like or a whole of actions 21. by the end of the century, you will probably be disappointed. But if you are based on what happens, not what doesn’t happen in your’ success ‘ criterion, and accept that some things can be flawed, there can be an environment in which everyone can be happy.”
Why is Buterin bullish about cryptocurrency?
Buterin 20. he brought to the fore three features of the modern world, which have been tabled many times in the century. Ethereum founder listed them as follows:
One-on-one interaction is not as important as it used to be. More important are the interactions that spread from the singular to the plural and from the plural to the plural.
There is a very chaotic environment that cannot be modeled by simple equations. In particular, the interactions that spread from plural to plural are moving in line with unusual laws that we have not yet understood.
The density in the area we are in has increased. Power figures who show their presence in different worlds now have to stand closer together.
The Ethereum founder believes that these conditions may be favorable for cryptocurrency and blockchain technology. He thinks that the importance of cryptocurrencies can be explained not only by cultural and economic reasons, but also by “much more complex reasons than people think.” Buterin explained why he is looking at the future of cryptocurrencies with bullish eyes:
“One of the bullish arguments I support in the cryptocurrency world has always been: gold is becoming inadequate, the younger generation is aware of this, and the $ 9 trillion (in the gold market) will have to be shifted somewhere else somehow.“