In the midst of a heated online debate about meme coins, Vitalik Buterin, co-founder of Ethereum, defends the future of cryptocurrencies and refutes claims.
Starting with a criticism from a crypto supporter about how valuable meme coins are compared to new crypto innovations, Buterin talked about important steps forward. Some of these are decentralized currency, safe cross-border transactions, funds that can be programmed, and finance that does not require approval.
Buterin’s Ethereum Insights
Buterin compares the short-lived popularity of meme coins to the long-lasting popularity of crypto trends. He says that meme coins are fun to look at but have limited potential. He answers concerns that this kind of focus hurts the health of the crypto community.
On the other hand, Buterin thinks that crypto will change the way people live. He talks a lot about how zero-knowledge technology could change the way people engage online by making reputation and identity verification better.
Buterin also talks about the progress made in peer-to-peer cross-border payments, focusing on how the prices and user experiences have gotten better. He also says that decentralized social networks are great because they offer more privacy and control for users.
However, co-founder of Ethereum also talks about how prediction markets are becoming more useful and how zk-validiums and zk-powered voting could change businesses and government.
