Buterin reflects on his statements in the past decade, reveals where he stands today.
As a part of his new year’s tweetstorm, co-founder of Ethereum Vitalik Buterin looked back and reacted to a few things he had said and written over the past decade and his opinions over the same in the present.
In 2013, he wrote an article on how BTC can help Argentinians and Iranians, wherein he had concluded that Bitcoin was not censorable. According to Buterin, his opinion was “generally correct”, as crypto adoption is high, but Stablecoin adoption is high as well.
The Stablecoin sector showed exponential growth throughout the year, with tether, the largest Stablecoin, reaching a market cap of $78billion.
Buterin proceeded to share a screenshot from a slideshow of Ethereum’s roadmap from back in 2015. Wherein he had predicted 6 to 12 months to be the proof of consensus stake for Ethereum. His team is now focused on design, simplicity, and the final product.
He reflected on his views about Bitcoin Cash (BCH) from 2017 when he was quite optimistic about the growth of BCH as he agreed with the big-blocker arguments in the scaling war more than the small-blocker arguments. He now considers it mostly a failure, adding that inclusive communities formed as a consequence of rebellion maybe for a just cause. But they have it tough when it comes to the long game. The major loophole lies with them valuing bravery over competence and being unified by resistance itself, not a rational advancement in the future.