[HN Gopher] Interview: Vitalik Buterin ___________________________________________________________________ Interview: Vitalik Buterin Author : jger15 Score : 32 points Date : 2022-09-02 14:19 UTC (8 hours ago) (HTM) web link (noahpinion.substack.com) (TXT) w3m dump (noahpinion.substack.com) | trevmckendrick wrote: | Genuinely curious where patio11 disagrees with this interview & | why | vzaliva wrote: | Whenever I see russian-born public figure in the news these days | before reading further I check where he or she stands on the war | in Ukraine. Apparently, Vitalik is OK. | | "On April 4, Buterin sent 750 Ether, or about $2.5 million, to | the Aid for Ukraine initiative, which was created by the Ukraine | government, and another 750 Ether (in two transactions of 250 | Ether and 500 Ether) to the Unchain Fund, a charity created to | support Ukraine with humanitarian aid." | | "Vitalik Buterin, the Russian-Canadian cofounder of the Ethereum | blockchain, condemned Russian President Vladimir Putin on Twitter | minutes after Russia announced a "special military operation" in | Ukraine, effectively declaring war on the Eastern European | country." | jiggawatts wrote: | > _"...who just wants to build cool stuff and not rip anybody | off."_ | | I think it's a scathing indictment of the entire crypto industry | that this is how its key figures are introduced. | | It's like introducing a mafia boss and starting off with saying | that he hasn't killed anyone. | jmeister wrote: | No, it's a scathing indictment of NS's audience: mainstream | economists cynical about crypto(the hostility between the two | groups is mutual). | michaelwww wrote: | This is a great article. Buterin's critique of Bitcoin was very | interesting. | adastra22 wrote: | Which critique? I searched for bitcoin in the article and | didn't find anything critiquing Bitcoin itself. | simonw wrote: | This bit in particular was interesting, talking about the | comparative security of proof-of-stake Ethereum and proof-of- | work Bitcoin. | | > In the case of Bitcoin, I'm worried for two reasons. First, | in the long term, Bitcoin security is going to come entirely | from fees, and Bitcoin is just not succeeding at getting the | level of fee revenue required to secure what could be a | multi-trillion-dollar system. Bitcoin fees are about $300,000 | per day and haven't really grown that much over the last five | years. Ethereum is much more successful at this, because the | Ethereum blockchain is much more designed to support usage | and applications. Second, proof of work provides much less | security per dollar spent on transaction fees than proof of | stake, and Bitcoin migrating away from proof of work seems to | be politically infeasible. What would a future look like when | there's $5 trillion of Bitcoin, but it only takes $5 billion | to attack the chain? | | I can't bold here, but if I could I would have bolded "What | would a future look like when there's $5 trillion of Bitcoin, | but it only takes $5 billion to attack the chain? ". | [deleted] | iLoveOncall wrote: | "Man who runs and has most of his wealth in the biggest rival | of Bitcoin criticizes Bitcoin." | michaelwww wrote: | Yes, that's obvious, he's the best guy to critique Bitcoin | because he has every reason to shoot it down. What's the | response from Bitcoiners going to be? That should be equally | interesting. | habitue wrote: | Also, you're free to look at his actual statements and | evaluate them based on how reasonable they seem to you. Not | everything has to be evaluated from the perspective of | conflict of interest ___________________________________________________________________ (page generated 2022-09-02 23:00 UTC)