Ethereum co-founder Vitalik Buterin This week I posted a tweet storm that reveals a contradiction between his thoughts and values.
Buterin cites ten clear contradictions, such as reducing dependence on people and building a lasting system, decentralization and love for democracy, and a tendency to agree with the intellectual elite rather than “people.” I did.
Thread: There are some open contradictions in my thoughts and values that I have been thinking about but have not yet felt completely resolved.
— Vitalik.eth (@VitalikButerin) May 17, 2022
Surprisingly, some of the contradictions mentioned suggest that Buterin is not happy with Ethereum, especially its protocol design. He also talked about his desire to make his project more like Bitcoin.
Some believe that this means that the transition from Ethereum’s Proof of Work (PoW) to Proof of Stake (Pos) is more difficult than expected.
There is growing speculation that Buterin wants to develop with Bitcoin instead.
Are you having problems with Ethereum?
Last month, Tim Beiko, the developer of the Ethereum protocol, said the merge would not take place in June, as previously announced.
Merging is the merging of PoW and PoS chains that are running at the same time. This event represents an important milestone in completing the ConsenSys layer (ETH 2.0). Current estimates set a rollout date between the third and fourth quarters of 2022.
Given the constant delay, it’s clear that developers are struggling with the scale of the task at hand.
Buterin’s Tweetstorm talks about his desire to turn Ethereum into a robust protocol that can withstand “extreme situations.” Perhaps the events at Terra reminded him of what was at stake if things went wrong.
Nevertheless, he continues that this desire believes in the reality that important ETHdApps are vulnerable to attacks. Moreover, this situation is less than acceptable from a security standpoint.
“We want Ethereum to be an L1 that can withstand really extreme situations, and many of Ethereum’s major apps are far more vulnerable to security assumptions than we think is acceptable in the Ethereum protocol design. A contradiction with my perception that it is already dependent.“”
Incorporating this, I / O CEO and former colleagues Charles Hoskinson “It’s never too late to come to Cardano,” he replied.
Buterin sympathizes with Bitcoin’s extremism
Last month, Buterin posted a blog discussing Bitcoin’s extremism.
Bitcoin Maxxis is often accused of being toxic and narrow. Buterin argues that “healthy intolerance” is permissible in defending the ideology of the most “honest” cryptocurrencies.
“The Bitcoin maximists really have a deep understanding that they are working in a very hostile and uncertain world where there is something they need to fight, and their actions, personalities and opinions on protocol design are that. What if it reflects the facts deeply? “
This post delves into this topic by addressing issues such as sound money development, the most “real” starters, and the intolerance needed to combat villains. Buterin ended up advocating more extremism.
It is fair to assume that the co-founders of Ethereum are strong supporters of Bitcoin and those who support their ideology at the expense of everything else.
Combined with recent tweet storms, especially posts that Ethereum wanted to be “more like Bitcoin,” Buterin wants to leave Ethereum and work on Bitcoin.
Ethereum wants to be a more Bitcoin-like system that emphasizes long-term stability and stability, including culture, and there are so many positively coordinated short-terms to get there. Contradiction with my perception that a change is needed.
— Vitalik.eth (@VitalikButerin) May 17, 2022
Bitcoin Magazine CEO, David BaileyCommented that such a move is far from his “2022 Bingo Card”.
Vitalik, which bounces from Ethereum to work with Bitcoin, wasn’t on my 2022 Bingo card.
— David Bailey ?? # FreeRoss (@DavidFBailey) May 17, 2022
