Vitalik Buterin Speaks Up on Tornado Cash Saga

Following heated attention on Tornado Cash this week, the Ethereum founder spoke on the mixer’s recent sanction, revealing he used the blacklisted mixer not long ago. Tornado cash is a decentralized protocol that provides users with a platform to perform untraceable transactions. The protocol, built on the Ethereum blockchain, is a transaction mixer that hides and deletes links between transacting accounts. This makes it impossible for transactions performed through it to be traceable, giving its users full anonymity. Vitalik Prompts…

Centralized Stablecoins Could Impact Future Ethereum Hard Forks – Vitalik Buterin

During a recent Korea-based tech conference, BUIDL Asia, Vitalik Buterin shared his views on the future of stablecoins.  In his statement, the Ethereum co-founder asserted that centralized assets such as USDC and USDT could play key roles in certain prospective hard forks.  How Centralized USDT Could Tie into Hard Forks The event took place on Wednesday, August 3rd, and saw Buterin in attendance to speak about Ethereum’s approaching update, the Merge. Illia Polosukhin, co-founder of Near Protocol was also present…

Vitalik Calls Michael Saylor a “Total Clown” Over Opinion on Ethereum

Vitalik Buterin – co-founder of Ethereum – labeled MicroStrategy CEO Michael Saylor a “total clown” over Twitter on Saturday. The developer’s comment was in response to a clip of Saylor discussing Ethereum, securities laws, and the latter’s supposedly “biblical” basis. Saylor and Bitcoin Maximalists Chatting with the Not Investment Advice podcast in mid-July, Saylor spoke at length about Ethereum’s relationship with securities law. In one segment, he suggested that securities laws are rooted in biblical commandments, such as “thou shall…

Vitalik and Plan B Butt Heads Over the Stock-to-Flow Model

Ethereum co-founder Vitalik Buterin called out the popular Bitcoin price-analyst “Plan B” on Tuesday. He mocked the analyst’s trademark Stock-to-Flow (S2F) price prediction model, suggesting that it was irresponsible to share from the start. S2F ‘Not Looking Good’ In a tweet hours ago, Vitalik posted a picture of Bitcoin’s price plotted against the S2F model. “Stock-to-flow is really not looking good now,” he commented. With Bitcoin’s recent declines, the price has deviated even further from Plan B’s more bullish modeling…

Vitalik Buterin Doubts That Crypto Will Take Over the World

Ethereum co-founder Vitalik Buterin recently showed doubt that cryptocurrencies will replace traditional currencies on the world stage. He does, however, believe cryptos can co-exist as an alternative asset class. Assets, Not Currencies As reported by Reuters, Vitalik made his comments at the VivaTech conference in Paris. “I do not expect cryptocurrencies to take over the world,” he said. “It’s about cryptos and digital and governments.” [caption id="" align="aligncenter" width="2880"] Vitalik Buterin. Source: Fortune[/caption] As originally conceived, Bitcoin was created as…

Vitalik Buterin Opposes The Outlawing of PoW Mining

Ethereum co-founder Vitalik Buterin has opposed the idea of governments banning Proof-of-Work (PoW) mining. He said this while responding to aspiring US Senator Bruce Fenton. Instead of enforcing an outright ban on the PoW crypto mining, Buterins suggested carbon pricing. In a June 4 tweet, Fenton said no government has the right to dictate the software a person or an entity should run. According to him, code is speech. In response, Buterin said: Ultimately, I agree with this (that is,…

Ethereum Founder Says Canada’s Crypto Seizures Are Dangerous

Cryptocurrency advocates, including Ethereum founder Vitalik Buterin, are calling out Canadian authorities for seizing crypto amid the ongoing "Freedom Convoy." Canada is facing massive protests against the government's COVID 19 policies and vaccine mandates. While mostly peaceful, the protests included blocking roads and honking truck horns to cause a disturbance. Still, protesters have received a lot of support, both at home and abroad. This includes a sizable sum in donations, including in crypto. That is something that the government wants to…

Has Vitalik Buterin’s Proposal to Lower Transaction Fees Fueled Ethereum Rise?

The founder of Ethereum, Vitalik Buterin, proposed a solution to reduce the cost of transaction fees on Ethereum’s Blockchain.  Lower-transaction fee proposals have coincided with Ethereum rallies and contributed to positive investor sentiments.   In a Twitter thread on Saturday, Vitalik suggested new techniques for handling data transfer over the network, which could reduce the cost of processing transactions. Additionally, Vitalik talked about an update on Ethereum Layer 2, which involves “blob-carrying transactions.” Also, he speculated that the modifications would significantly…

Vitalik Wants To Make Some NFTs Untradeable, Similarly To ‘World Of Warcraft’ Items

Ethereum’s bright-minded co-founder has had another World-of-Warcraft-inspired idea for the Ethereum ecosystem. He recently posited that some NFTs should become untradeable to people who haven’t met the item’s conditions. While hurting the marketability and speculative side of NFTs, this could increase their value as signifiers of specific achievements/ value. "Soulbound" NFTs Vitalik aired his thoughts on the subject in yesterday's blog post titled “Soulbound”. Soulbound items in World of Warcraft refer to those it cannot trade to other players. These…

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