Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $1,070 trillion. Bitcoin is down by nearly 2% after intense seesawing this week. Ethereum increased by almost 2% over the past seven days. XRP lost more than 1% in value this week. Almost all altcoins are trading in the red, with a few exceptions. The DeFi sector decreased the total value of protocols (TVL)…
Vitalik
Vitalik Calls Out Bitcoiners for Supporting El Salvador’s ‘Undemocratic” Government
Ethereum co-founder Vitalik Buterin spoke on Saturday about the crypto community’s tendency to enable and welcome nefarious actors. He named El Salvador President Nayib Bukele as an example, accusing enthusiastic Bitcoiners of overlooking his “not democratic government.” Enabling Bad Actors In an interview with The Straits Times, Buterin discussed the numerous “small countries” whose governments are experimenting with crypto adoption. When asked whether such efforts were safe for the countries involved, the developer said it depends on how these efforts…
2 months ago 1 k views
Vitalik Writes April Fools Post Defending Bitcoin Maximalism
Vitalik Buterin – co-founder of Ethereum – wrote an uncharacteristic blog post on his site today titled “In Defence of Bitcoin Maximalism”. The post argues why a healthy level of “toxicity” towards cryptocurrencies besides Bitcoin might be justified. However, considering the date, it’s unclear how seriously we should take the developer’s words. What Makes Bitcoin Different Vitalik’s arguments primarily address two unique aspects of Bitcoin that other crypto users often fret about. The first surrounds Bitcoin’s simplistic design choices, while…
10 months ago 2.1 k views
Vitalik Believes Ethereum Is Halfway To Completion
Though Ethereum has been delayed several times on its way to v2.0, its founder remains optimistic. Vitalik Buterin recently told the Bankless podcast that he thinks the network is “50% of the way there” in upgrades. In addition, he outlined a 5 step process by which he sees it reaching its “Endgame” – a follow-up to his recent article. 5 Stages To Success Vitalik broke down Ethereum’s roadmap into five easy-to-remember stages. These are the Merge, the Surge, the Verge,…
1 year ago 3.1 k views
Vitalik is Wrong About Bukele’s Bitcoin Mandate
Ethereum’s founder just called The Bitcoin Law “reckless” and opposed to freedom. But it’s the most practical way forward for the well-being of El Salvador. The Article 7 Controversy On June 9th, 2021, El Salvador made world history by passing a digital currency, Bitcoin, as legal tender alongside the US Dollar. President Nayib Bukele and Strike developer Jack Mallers announced the law at the twelve thousand-person Bitcoin conference. The crowd received the news with thunderous applause, and congress cast an…
1 year ago 1.2 k views
Vitalik Suggests Elon Musk’s Plan For Scaling Dogecoin is Unviable
Elon Musk's claims of Dogecoin's superiority sparked a critical view from Ethereum's creator Vitalik Buterin, who firmly disagrees with him. In a blog post published on May 23, Vitalik gave some detailed thoughts on blockchain scalability. In part, the post refuted Elon's claim that a massive increase to Dogecoin's block size would scale the network to a victorious extent. On May 15, Elon claimed that if Doge speeds up block time 10X, it increases block size 10X & drops the…
2 years ago 515 views
Buterin Reveals Potential Delays in Deploying Proof-of-Stake Protocol
Ethereum Co-founder Vitalik Buterin has hinted that there could be delays in the transition of Ethereum to the Proof-of-Stake protocol. This was revealed during a question and answer section with community members on Reddit. Ethereum Is Slowly Moving Towards Proof-of-Stake The slow and complicated transition from Ethereum to Proof-of-Stake has long been chronicled. The project has been caught up in issues that have caused delays. However, Buterin believes that developers need to take their time before deploying a new version…
2 years ago 518 views