The Russia-born coder, who built ethereum in his late teens, doesn't stay long in one place anymore. Meanwhile, the list of places he won't go keeps growing.
, and he faces mobs of fans desperate for a moment of his attention — and a selfie — virtually anywhere he goes on the planet.He isn't the prince of crypto. He isn't a cult leader of new gen cypherpunks. He isn't the wonkiest wonk, or the nerdiest nerd. Heto worthy causes, knocking down his net worth. And he isn't, according to his own estimation, the be-all and end-all authority on the ethereum network.
"Just being able to plug into the international economy. These are things that they don't have, and these are things that provide huge value for people there," Buterin told CNBC. "It's hard to even be interested in really abstract stuff like decentralized social media, when you don't really have those kinds of basics done."
"I found coffee shops without even looking for them that just happened to accept bitcoin and ether — but the problem is, they were all using Binance," said Buterin. Ethereum co-founder Vitalik Buterin speaks at ETHPrague 2023, an international conference drawing crypto developers from around the world."People need to have wallets that are actually secure, where if they lose the keys, they're not going to lose everything," Buterin added.
"As each and every one of those projects come to a certain maturity," Buterin says, the privacy-preserving bits "all sort of fall away as the thing comes closer and closer to being a 1.0. We get systems that are not actually much better than existing payment systems, because they just basically end up being different front-ends for the existing banking system."
Today, the network serves as the primary building block for all sorts of crypto projects, like non-fungible tokens , decentralized finance , and web3, a still somewhat amorphous buzzword for a third generation of the internet that is decentralized and built using blockchain tech. Meanwhile, ethereum's native token,Ethereum co-founder Vitalik Buterin speaks at ETHPrague 2023, an international conference drawing crypto developers from around the world.
"Proof-of-stake is actually easier to anonymize and harder to shut down than proof-of-work is," he says. "Proof-of-work requires huge amounts of physical equipment and requires huge amounts of electricity. These are exactly the kinds of things that drug enforcement agencies have decades of experience detecting."
Take the example of his own outsized role in the cryptocurrency he created. Unlike the pseudonymous and hidden Satoshi Nakamoto, who created bitcoin, Buterin is very much the face of ethereum.
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