news

bitcoin

1 X bitcoin bitcoin =

Monday

26 July 2021

Vitalik Buterin Beseeches Ethereum Crowd in Paris to 'Move Beyond DeFi' - Decrypt

Vitalik Buterin Beseeches Ethereum Crowd in Paris to 'Move Beyond DeFi' - Decrypt


smart summary beta

Buterin, 27, after a brief cross-legged meditation on stage before standing up to speak, said that Ethereum must be socially useful as well as financially beneficial, drawing a cheery response from an audience thrumming with DeFi entrepreneurs, investors and developers. .

He explained that such a process would allow Ethereum projects to flourish as a “public good.” .

But the core of Buterin's keynote laid out his hopes for Ethereum underpinning a new, ecumenical social media ecosystem that would encourage higher-quality posting and form the basis of users’ online identities.

This would stand as a direct alternative to centralized social media networks, which he criticized for their rampant data harvesting and the “misaligned incentives” which reward cynical posters with high engagement, and likes. 

Ethereum-based login options, on the other hand, would provide “credible neutrality,” censorship resistance, and a “built-in economic layer that makes it easier to do mechanism design.” He imagined social networks that only allowed vested members of an Ethereum DAO to post. 

Goto Full Article

bitcoin bitcoin price

$38387.00

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.2)

Image

BTC gains 15% in 3 hours amid tight squeeze
published: 55 minutes ago
A sharp squeeze has seen Bitcoin quickly rally to test $40,000 for the first time in roughly six weeks, reclaiming its 50-day moving average in the process.

sentiment (-0.1) Negative

Article Metadata

author

site

decrypt.co
Market data feeds provided by cryptocompare.com
bitsmart 2021