[HN Gopher] Interview: Vitalik Buterin
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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
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(page generated 2022-09-02 23:00 UTC)