Vitalik Buterin on the status of Ethereum, the future of Blockchain and Google trying to hire him




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Vitalik Buterin, co-founder of the Ethereum Foundation and Bitcoin Magazine, speaks during the TechCrunch Disrupt 2017 in San Francisco, California, USA, Monday September 18, 2017. TechCrunch Disrupt, the world's leading authority in debuting revolutionary startups, brings together the brightest entrepreneurs, investors, hackers and technology fans for stage interviews. Photographer: David Paul Morris / Bloomberg

Cofounder of Ethereum Foundation and Bitcoin Magazine Vitalik Buterin shared his thoughts on the future of the blockchain, the state of ethereum and more during a small private event held in San Francisco last week, hosted by the Blockchain by Berkeley student organization, & nbsp; Origin and & nbsp; Steve Chen, co-founder of the socialist social club, & nbsp; Buterin's chat with Jason H on has provided insights on the main topics currently dealt with by the encrypted community.

The reason why I hosted the panel with Vitalik is that I think that industry needs a correction, obviously, since too much money comes too quickly. I feel too focused on the price of cryptography and not on project executions. & nbsp; I have to meet Vitalik for over a year and see him as an Ethereum guardian. In fact, he gave me the nickname "Crypto Congressman", which now becomes my mandate in the Taiwan Parliament. I invited Vitalik for a deep conversation to express his concern and give an update on the development of Ethereum. It's important to think that the driving force behind cryptocurrency should not just be looking for money, but rather we should think about how blockchain technology will bring about fundamental change in the way our trust system is built, Hsu told me.

C0-Founder of the Ethereum Foundation, Vitalik Buterin, speaks with Congressman Crypto, Jason Hsu, on the state of Ethereum at the modernist socialist club of San Francisco Jian Shen

Before the commission began, I had the opportunity to ask Buterin some questions about what he is working on personally.

Recently, I spent a lot of time working on the stake test protocols and graphs. This is what the Ethereum research community focuses on at this point more than anything else. We believe that the game test and the downsizing are both very important and there has been a lot of progress in improving the algorithms and the development of multiple limitations in the last two months, Buterin told me. I have also looked at the economic analysis of transaction fees and how transaction transaction algorithms can be improved to substantially reduce tariffs and make the protocol alignment centers better and more efficient. These are the main things I've worked on personally.

Asked about the progress of the Ethereum Casper protocol, Buterin was enthusiastic, noting that the ethereum community was making progress.

"I think there's been a lot of state channel frameworks that came out recently." The Casper protocol is getting a lot closer to being finalized at this point. Academic analysis, "said Buterin

Developments for the future of Blockchain

Buterin commented that the largest elephant in the room facing the blockchain space at the moment is the high ratio of hype generated compared at present use cases.

The amount of sustainable use of blockchain is very low. Even if it does exist, there are a lot of people who value cryptocurrencies, yet the amount of useful things is happening is still much lower than what the $ 200 billion capitalization looks like. The main challenge for the sector, in my opinion, is to understand how to overcome that gap and to point out where there is $ 200 billion in a sense of the real final value generated, explains Buterin.

In addition, Buterin has touched the state of privacy on the blockchain, pointing out that currently there are no good ways to preserve privacy on the blockchain.

"Currently, there are no good ways to use blockchain while preserving privacy, for example, there have been good efforts to solve it using Zcash, along with research on Ethereum, however, there is still a way to go in terms of preserving privacy on the blockchain, "said Buterin.

Co-founder of the Ethereum Foundation, Vitalik Buterin, talking about the state of Ethereum at the San Francisco modernist socialist club Jian Shen

Blockchain Regulations

The regulatory actions were also a recent topic of interest for the Crypto community. While smaller countries such as Malta have set up regulations, the United States is still struggling to propose actions that will help advance the cryptocurrency market and blockchain space.

According to Buterin, the regulation's opening that is currently in demand should focus on ways to make it easier for people to use small amounts of cryptocurrency.

I want to be able to walk into a convenience store, get a card and pay a small fee to start using Bitcoin Cash. Allowing people to use small amounts of cryptocurrency for daily use is valuable within cryptography, and in particular for the use of blockchain that goes beyond cryptography. Even non-financial blockchain use cases still require transaction costs. If we can reduce this friction with a trip to the convenience store, it would be easy to start using cryptocurrency, Buterin noted.

However, Buterin said that governments seeking to create regulations must first understand the importance of services that are useful for blockchain space in general.

A simple use case would be to design national identity cards to sign digital signatures. Another more far-fetched example would be the state-generated cryptocurrency. This would be an interesting way for small counties to get on the map and provide some economic power in the world economy. Furthermore, from a regulatory point of view, the exchange of cryptocurrencies, the raising of funds for projects, etc. They must have crypto-friendly regulations. Above all, it is also necessary to encourage a strong academic ecosystem for governments seeking to pass regulations.

The State Of Ethereum

While the future of blockchain and regulations remains of great interest, the decline in Ether's prices, the currency of Ethereum, is starting to attract curiosity . While Ethereum was the platform of choice to launch blockchain projects through the first coin offerings (ICO) in the last year, Buterin said that the ICOs have become "old and boring".

Buterin also discussed the current developments of Ethereum, claiming to be satisfied with a number of things such as progress of the state and plasma channels. In terms of scalability, Buterin said the Ethereum foundation is seeking to authorize scalable properties and reach higher levels of consensus. While this is moving slower than expected, Buterin has revealed that the solution is much better than he had imagined five years ago.

"I wait impatiently when the community of cryptocurrency basically goes through labor trials" Buterin said. & Nbsp;

Yes, Google tried to hire Buterin Recently

While Buterin was able to share a good deal of insights about the future of blockchain and cryptocurrency, he ended his discussion on a humorous note, explaining how Google has tried to hire him recently.

Vitalik Buterin is arguing with Jason Hsu about how Google has tried to hire him recently Jian Shen

"Some rumors said that some months ago Google wanted to hire you, I guess you're in town for your job interview, "Hsu joked at Buterin.

"I hope we all realize it was a joke." Some random HR person from Google sent me an email, most likely because some machine learning algorithms analyzed my GitHub and I saw that I had a score high in the International Olympics. Apparently, I have included projects as an excellent candidate to be hired at an internal salary, "Buterin laughed.

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Vitalik Buterin, co-founder of the Ethereum Foundation and Bitcoin Magazine, speaks during the TechCrunch Disrupt 2017 in San Francisco, California, United States, Monday, September 18, 2017. TechCrunch Disrupt, the world's leading authority in the debut the revolutionary startups, brings together the brightest entrepreneurs, investors, hackers and technology fans for stage interviews Photographer: David Paul Morris / Bloomberg

Cofounder of Ethereum Foundation and Bitcoin Magazine Vitalik Buterin shared his reflections on the future of blockchain , the state of ethereum and more during a small private event held in San Francisco last week, hosted by the Blockchain at Berkeley student organization, Origin and Steve Chen, co-founder of the modernist socialist club , Buterin's chat on fire with Jason Hsu provided insights on the main topics cs at the time of fr in the crypto community.

The reason why I hosted the panel with Vitalik is that I think that industry needs a correction, obviously, since too much money comes too quickly. I feel too focused on the price of cryptography and not on project executions. I have to meet Vitalik for over a year and see him as an Ethereum guardian. In fact, he gave me the nickname "Crypto Congressman", which now becomes my mandate in the Taiwan Parliament. I invited Vitalik for a deep conversation to express his concern and give an update on the development of Ethereum. It is important to think that the driving force behind cryptocurrency should not be just looking for money, but rather we should think about how blockchain technology will bring about fundamental change in the way our trust system is built, Hsu told me.

C0-Founder of the Ethereum Foundation, Vitalik Buterin, speaks with Congressman Crypto, Jason Hsu, on the state of Ethereum at the modernist socialist club of San Francisco Jian Shen

Before the group began, I had the opportunity to ask Buterin some questions about what he is working on personally.

Recently, I spent a lot of time working on the stake test protocols and graphs. This is what the Ethereum research community focuses on at this point more than anything else. We believe that the game test and the downsizing are both very important and there has been a lot of progress in improving the algorithms and the development of multiple limitations in the last two months, Buterin told me. I have also looked at the economic analysis of transaction fees and how transaction transaction algorithms can be improved to substantially reduce tariffs and make the protocol alignment centers better and more efficient. These are the main things I've worked on personally.

Asked about the progress of the Ethereum Casper protocol, Buterin was enthusiastic, noting that the ethereum community was making progress.

"I think there's been a lot of state channel frameworks that came out recently, the Casper protocol is getting a lot closer to being finalized at this point, it's just waiting for a review on the analysis academic, "said Buterin.

Developments for the future of Blockchain

Buterin commented that the largest elephant in the room in front of the blockchain space at the moment is the high ratio of hype generated compared to real use cases.

The amount of sustainable use of blockchain is very low. Even if it does exist, there are a lot of people who value cryptocurrencies, yet the amount of useful things is happening is still much lower than what the $ 200 billion capitalization looks like. The main challenge for the sector, in my opinion, is to understand how to overcome that gap and to point out where there is $ 200 billion in a sense of the real final value generated, explains Buterin.

In addition, Buterin has touched the state of privacy on the blockchain, pointing out that currently there are no good ways to preserve privacy on the blockchain.

"Currently, there are no good ways to use blockchain while preserving privacy, for example, there have been good efforts to solve it using Zcash, along with research on Ethereum, however, there is still a way to go in terms of preserving privacy on the blockchain, "said Buterin

co-founder of the Ethereum Foundation, Vitalik Buterin, speaking of the state of Ethereum at the modernist socialist club of San Francisco Jian Shen

Blockchain Regulation

The regulatory actions were also a recent topic of interest for the Crypto community. While smaller countries such as Malta have set up regulations, the United States is still struggling to propose actions that will help advance the cryptocurrency market and blockchain space.

According to Buterin, the regulation's opening that is currently in demand should focus on ways to make it easier for people to use small amounts of cryptocurrency.

I want to be able to walk into a convenience store, get a card and pay a small fee to start using Bitcoin Cash. Allowing people to use small amounts of cryptocurrency for daily use is valuable within cryptography, and in particular for the use of blockchain that goes beyond cryptography. Even non-financial blockchain use cases still require transaction costs. If we can reduce this friction with a trip to the convenience store, it would be easy to start using cryptocurrency, Buterin noted.

However, Buterin said that governments seeking to create regulations must first understand the importance of services that are useful for blockchain space in general.

A simple use case would be to design national identity cards to sign digital signatures. Another more far-fetched example would be the state-generated cryptocurrency. This would be an interesting way for small counties to get on the map and provide some economic power in the world economy. Furthermore, from a regulatory point of view, the exchange of cryptocurrencies, the raising of funds for projects, etc. They must have crypto-friendly regulations. Above all, it is also necessary to encourage a strong academic ecosystem for governments seeking to pass regulations.

The State Of Ethereum

While the future of blockchain and regulations remains of great interest, the decline in Ether's prices, the currency of Ethereum, is starting to attract curiosity . While Ethereum was the platform of choice to launch blockchain projects through the first coin offerings (ICO) in the last year, Buterin said that the ICOs have become "old and boring".

Buterin also discussed the current developments of Ethereum, claiming to be satisfied with a number of things such as progress of the state and plasma channels. In terms of scalability, Buterin said the Ethereum foundation is seeking to authorize scalable properties and reach higher levels of consensus. While this is moving slower than expected, Buterin has revealed that the solution is much better than he had imagined five years ago.

"I look forward to when the cryptocurrency community will basically go through labor trials", said Buterin.

Yes, Google has hired Buterin Recently

While Buterin was able to share a good deal of insights about the future of blockchain and cryptocurrency, he ended his discussion on a humorous note, explaining how Google has tried to hire it recently.

Vitalik Buterin discussing with Jason Hsu about how Google has tried to hire him recently Jian Shen

"They were rumors that some months ago Google wanted to hire you, I guess you're in town for your job interview" , Hsu joked to Buterin.

"I hope we all realize it was a joke." Some random HR person from Google sent me an email, most likely because some machine learning algorithms analyzed my GitHub and I saw that I had a score elevated in the International Olympics. Apparently, I have included projects as a great candidate to be hired at an internal salary, "Buterin laughed.


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