Not everything is good in the crypto-verse. However, Vitalik Buterin, who is happy to refer to himself as “the Ethereum person”, is not giving up. Being an outspoken man, Buterin acknowledged many problems that cryptocurrencies and blockchain face.
“Proof-of-work-sucks”, “many ICOs make no sense”, “different subtribes of the cryptocommunity have different misconceptions.” Buterin sure knows how to express himself, let’s say, eloquently. In his new interview, he reiterated his anti-love for centralized exchanges.
And admitted the inconvenient truth: cryptocurrencies have accomplished limited good. Buterin even said that those who believe that digital assets will replace fiat are wrong. And brought up the recurrent scalability issue that mars blockchain’s development. But he has also shown a different side of his, a more idealistic one. He did criticize blockchain, saying that it can’t solve all the problems out there. And yet he emphasized that blockchain projects need to create a meaningful social impact.