{"id":418156,"date":"2022-03-18T21:15:00","date_gmt":"2022-03-18T18:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/vitalik-buterin-talks-cryptos-perils-in-time-magazine-interview\/"},"modified":"2022-03-18T21:15:00","modified_gmt":"2022-03-18T18:15:00","slug":"vitalik-buterin-talks-cryptos-perils-in-time-magazine-interview","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/vitalik-buterin-talks-cryptos-perils-in-time-magazine-interview\/","title":{"rendered":"# Vitalik Buterin talks crypto\u2019s perils in Time Magazine interview"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a27804dcd93e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a27804dcd93e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/vitalik-buterin-talks-cryptos-perils-in-time-magazine-interview\/#%E2%80%9D_Vitalik_Buterin_talks_cryptos_perils_in_Time_Magazine_interview_%E2%80%9C\" >&#8221; Vitalik Buterin talks crypto\u2019s perils in Time Magazine interview  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Vitalik_Buterin_talks_cryptos_perils_in_Time_Magazine_interview_%E2%80%9C\"><\/span>&#8221; Vitalik Buterin talks crypto\u2019s perils in Time Magazine interview  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNjNmM2RhMjItODExYy00MzA4LWIxOGUtY2U5ZTU1ZTg0ZjU4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Ethereum co-founder Vitalik Buterin graced the front page of Time Magazine this month after he interviewed the publication about the potential perils of the industry he helped create.\u00a0<\/p>\n<p>During the 80-minute interview, Buterin <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/time.com\/6158182\/vitalik-buterin-ethereum-profile\/\">explained<\/a> the \u201cdystopian potential\u201d of digital assets if implemented incorrectly. Among his biggest worries are overzealous investors, high transaction fees and public displays of wealth by those claiming to have made a fortune trading cryptos and nonfungible tokens (NFTs). <\/p>\n<p>Although Buterin has high hopes for Ethereum \u2014 the network powering the second-largest cryptocurrency by market capitalization and countless other projects \u2014 he fears that his vision of creating a more egalitarian digital economy risks being overtaken by nefarious actors who are only after greed. <\/p>\n<p>&#8220;If we don\u2019t exercise our voice, the only things that get built are the things that are im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely profitable,\u201d he said. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The co-founder of Ethereum <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/VitalikButerin?ref_src=twsrc%5Etfw\">@VitalikButerin<\/a> was featured in Time magazine\u2019s 100 most influential people in 2021.https:\/\/t.co\/94sesOpA52<\/p>\n<p>\u2014 Cointelegraph (@Cointelegraph) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Cointelegraph\/status\/1438306665187655680?ref_src=twsrc%5Etfw\">September 16, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe interview also delved into other Ethereum-focused pain points for Buterin, such as how much power to exercise in the community during highly contentious periods in its evolution, including the infamous 2016 hack of a Decentralized Autonomous Organization, or DAO. The interview painted Buterin as a pragmatic leader taking a \u201cmiddle ground\u201d <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach to solving issues that impact the community. <\/p>\n<p>Over the years, Buterin has used his personal blog to advocate for technical solutions related to Ethereum\u2019s development. In December 2021, he published \u201cEnd<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>,\u201d a thought experiment that explores the evolution of Ethereum 2.0, which is now referred to as the \u201cconsensus layer.\u201d In the post, Buterin suggested improvements to network scalability with notable trade-offs \u2014 chief among them being the centralization of block production. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Andreessen Horowitz invests $70M in Ethereum staking protocol Lido<\/em><\/strong><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The ETH cinematic universe is getting bigger: ETH 2.0 scaling, zk-Rollups, L2s &amp; more. Meanwhile, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/VitalikButerin?ref_src=twsrc%5Etfw\">@VitalikButerin<\/a> just released his \u2018endgame\u2019 plan that solidifies his mission for a deflationary age. https:\/\/t.co\/CbIo3WZXNH<\/p>\n<p>\u2014 Cointelegraph (@Cointelegraph) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Cointelegraph\/status\/1468069509852454913?ref_src=twsrc%5Etfw\">December 7, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>While Ethereum\u2019s evolution to a proof-of-stake chain remains mired in delays, the investing community has high hopes for the future. Ethereum\u2019s Beacon Chain now <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/beaconcha.in\/\">has<\/a> over 316,000 validators and roughly 10.1. billion ETH staked.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/vitalik-buterin-talks-crypto-s-perils-in-time-magazine-interview\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Vitalik Buterin talks crypto\u2019s perils in Time Magazine interview &#8220; Ethereum co-founder Vitalik Buterin graced the front page of Time Magazine this month after he interviewed the publication about the potential perils of the industry he helped create.\u00a0 During the 80-minute interview, Buterin explained the \u201cdystopian potential\u201d of digital assets if implemented incorrectly. Among&#8230;<\/p>\n","protected":false},"author":1,"featured_media":418157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNjNmM2RhMjItODExYy00MzA4LWIxOGUtY2U5ZTU1ZTg0ZjU4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74891,74876,75995],"class_list":["post-418156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-ethereum","tag-proof-of-stake","tag-vitalik-buterin"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/418156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=418156"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/418156\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/418157"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=418156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=418156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=418156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}