Vitalik Buterin Proposes Equitable Crypto Economy Model

In a recent proposition aimed at enhancing the fairness and communal welfare within the volatile cryptocurrency market, Vitalik Buterin, the esteemed co-founder of Ethereum, has introduced a novel concept dubbed ‘degen communism.’ This innovative idea seeks to marry the daring ethos of ‘degen’ culture, characterized by its pursuit of high-stakes, lucrative investment ventures, with a systematic framework designed to safeguard all participants from the adverse effects of market fluctuations.

At the heart of Buterin’s proposition is a mechanism devised to ensure that, in the event of a hack or the failure of a project, smaller participants receive restitution prior to any consideration of larger stakeholders. Buterin envisions this approach as a step towards a more just and balanced ecosystem, a stance he publicly endorsed in the …
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Vitalik Buterin Advocates for Quality Over Quantity in Meme Coin Sector

Ethereum’s co-founder, Vitalik Buterin, recently shared his perspective on the proliferating trend of meme coins, signaling a call for a more conscientious approach within the crypto community. Buterin’s commentary, delivered on March 29, underscores his desire for meme coins that not only entertain but also contribute meaningful value to both the ecosystem and society at large.

Buterin argues for a nuanced shift away from the proliferation of meme coins, which, in his view, often lack substantial benefit beyond attracting new users. He envisions a future where meme coins serve a greater purpose, suggesting the potential of these digital assets to fund technology and societal causes, such as anti-cancer initiatives or climate change mitigation efforts.

Highlighting the saturation of the market, with over 340 meme coins currently …
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Experts Uncover Fake Videos of Vitalik Buterin Endorsing Fraudulent Cryptocurrency Wallets

Blockchain security experts at CertiK recently revealed a sophisticated deepfake video where Vitalik Buterin, the renowned co-founder of Ethereum, appears to endorse a phishing site designed to drain wallets.

This occurrence is not isolated. Cybercriminals have repeatedly leveraged Buterin’s stature to further their deceptive agendas. For instance, in September, a significant scam went viral featuring a deepfake video of Buterin promoting a bogus meme token.

Deepfakes, intricate digital fabrications that utilize AI to produce counterfeit videos or audio of well-known figures for deceptive endorsements or misinformation, are gradually becoming more prevalent in the cryptocurrency sector.

In a notable event earlier this year, attackers hijacked various YouTube channels to disseminate deepfake content of Michael Saylor, …
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Hong Kong’s Rising Crypto Ambitions: Animoca Brands’ Yat Siu Extends Personal Invitation to Vitalik Buterin

Yat Siu, the individual behind Animoca Brands has suggested accompanying Ethereum co founder Vitalik Buterin on a tour of Hong Kong to gain a deeper understanding of the regions cryptocurrency regulations. This proposal comes after Buterin expressed doubts about the long term viability of friendly laws in Hong Kong during the 2023 Web3 Transitions Summit in Singapore primarily due to Chinas ban on cryptocurrencies.

The CEO of Animoca Brands countered the notion that Hong Kongs relationship with Beijing would undermine its stability. Siu emphasized that Hong Kong operates as a market and plays a crucial role in Chinas strategy concerning emerging technologies like web3. He also highlighted that contrary to belief Hong Kong has been globally recognized as one of the worlds most stable economies.

On Johnny Ng, a policymaker from the …
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Vitalik Buterin Co-Authors Paper Describing an Alternative to Tornado Cash

Vitalik Buterin, a co-founder of Ethereum (ETH), along with core developer Ameen Soleimani, Chainalysis’ Jacob Illum, and academics Matthias Nadler and Fabian Schar, have jointly written a research study about a new privacy protocol called “Privacy Pools.”

The study proposes this framework as a possible successor to Tornado Cash, a privacy-focused service that has recently encountered regulatory challenges. Privacy Pools is structured as a “smart contract-driven protocol for enhancing privacy,” aiming to strike a balance between financial confidentiality and legal oversight.

By using advanced cryptographic methods such as zero-knowledge proofs, the protocol can confirm the legitimacy of a user’s funds without disclosing their full transaction history. The essence of Privacy Pools relies on creating a “separating equilibrium,” a …
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Vitalik Buterin about EOS, Bitcoin, Monero, Zcash and Ethereum

Ethereum Creator, Vitalik Buterin shared his thoughts on which of the blockchain systems of the system is the most promising in his opinion.

In a new video on Zcash YouTube channel, Buterin explained why he is against blockchains with a single decision-making body, such as EOS, where users select representatives who provide the functioning of the network.
A couple of years ago, I would most likely have supported Tezos-EOS, who believe that the blockchain needs to be managed. But now? I’m totally against it, I think it’s a crazy …
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Buterin agreed that “Eth could have gone down to zero”

Vitalik Buterin, the face of the cryptocurrency No. 2 by capitalization – Ethereum, reacted to the statements of analyst Jeremy Rubin, who assumes that the price of this crypto will go to zero. Surprisingly, Vitalik Buterin actually agreed that Ethereum “could have gone down to zero”. According to him, Rubin’s arguments for Ethereum in the current state, and “if the cryptocurrency stood in one place”, are “absolute truth” except for the question of using the PoS protocol, which “is not appropriate if we look at how the Ethereum network …
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ETH will go to zero!

Earlier, we wrote that ETH was called a shitcoin and its price was estimated below $100. It seems that that opinion was quite optimistic.

Jeremy Rubin, one of the inspirers of the MIT Digital Currency Initiative’s cryptocurrency initiative aimed at disseminating objective information about crypto coins, spoke about the fate of Ethereum. According to his estimates, the cryptocurrency, which now ranks second in terms of capitalization after Bitcoin, will be completely depreciated, and such a fact will not lead to the fact that the network of …
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Conflict among Bitcoin Cash developers can split the cryptocurrency

Bitcoin Cash was created just a little over a year ago as a result of a hard fork amid a heated debate over the scaling of the original bitcoin. Gradually among fork developers began to grow disagreement over the further development of Bitcoin Cash.

The recently released Bitcoin ABC client release was perceived by some representatives of the crypto community as the beginning of a real war in the development environment. However, some representatives of the Bitcoin Cash community categorically do not support these changes.

Another …
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Vitalik Buterin: I want to go to the store and pay with Bitcoin Cash

According to the founder of Ethereum, the way to develop a cryptocurrency is to allow users to easily pay for purchases with digital money
Governments should regulate the cryptocurrency market in such a way that users can easily pay with digital money with a card, says Ethereum creator Vitalik Buterin. He believes that it is necessary to simplify the use of new financial assets, only this can bring maximum benefit, writes Forbes.
“I want to be able to walk into a convenience store, get a card, pay $5 and get $5, minus some small fee of like …
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