Ethereum co-founder Vitalik Buterin admitted that he underestimated the level of development of the cryptocurrency industry and therefore could not predict the formation of the sector of non-fungible tokens.
“I correctly predicted the emergence of the DeFi sector, although incentivized file storage and computing resources have not grown that much. But of course I completely missed the NFT. The most important thing that I missed in detail is the problem of collusion in the governance of the DAO. ” wrote Buterin on Twitter.
He also said that he recently visited Argentina and noted the high level of cryptocurrency use in the country. In his opinion, stablecoins are most in demand in Argentina – many enterprises work with USDT. However, the situation will change if new threats to the US dollar emerge.
In addition, Buterin spoke negatively about the regulation of Bitcoin. He recalled that he predicted increased attention of regulators to the first cryptocurrency. The Ethereum co-founder believes Bitcoin’s decentralization will allow it to survive in any hostile regulatory environment, but it “can’t thrive.”
“A successful strategy to resist censorship requires a combination of technological resilience and public legitimacy,” Buterin explained.
Recently, Vitalik Buterin stated that Ethereum can grow independently of its involvement, and also called the PoS consensus method more efficient and less censored. Earlier, he also revealed the features of the “final” version of the Ethereum 2.0 roadmap.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
