Ethereum Co-Founder Vitalik Buterin Discusses FTX Collapse — Says ‘Centralized Anything Is by Default Suspect’ – Featured Bitcoin News

Ethereum Co-Founder Vitalik Buterin Discusses FTX Collapse — Says ‘Centralized Anything Is by Default Suspect’ – Featured Bitcoin News

#Ethereum #CoFounder #Vitalik #Buterin #Discusses #FTX #Collapse #Centralized #Default #Suspect #Featured #Bitcoin #News

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Plane_Baby

Serious question: People call a lot of projects decentralized but they always seem to have a leader or only a few people control it or run full nodes but yet, it is call decentralized. If a project has a roadmap, can we call it decentralized? What is decentralized? The definition appears to keep changing.

FldLima

Satoshi was way ahead of this time

Baecchus

It’s almost like Bitcoin was created to escape from this shit. Ironic, isn’t it?

Bobojoshua

So true.

TB_dolebanana

Good thing Eth is pretty centralized now , hopefully they can block out the rest of the un sanctioned transactions soon which is something that a centralized entity would do

Killercamdude

You tell em Vitalik!!! Centralized entities that don’t enable withdrawls SUCK!!! Fight for the peoples right to withdraw their monies!!! Such a great leader.

Jumpman707

>He stressed the importance of putting one’s trust in “open and transparent code above individual humans

Yeah, because humans get greedy and stupid once all the success get in on their heads

xqpcy

so ETH?

kirtash93

I partially agree. If you are centralized but you have 100% transparency like a place where everybody can see real data in real time, I think it’s okay BUT you need at least an external company or gov that ensures that data is real. We don’t like Trust Me Bro companies.

PersonWhoThinks

Bro is the king of hard forks out hear talking about “centralizing”.

https://np.reddit.com/r/Bitcoin/comments/ytaazp/latin_american_bitcoin_conference_samson_mow/iw3m9sd

deckartcain

Didn’t Ethereum Foundation roll back a hack themselves? I thought that was why they split with ETC? Also didn’t they sell a ton of Ethereum to JP Morgan at ICO, and by going proof of stake is letting banks control their network?

Regular_Apartment850

Eth is centralized as fuck… thank you vitalik. I was on the fence about eth but you’ve now opened my eyes

kryptoNoob69420

He just needs to tweet this to Binance and its game over for CZ lol.

2BFrank69

Bitcoin, ETH, Loopring. DEX is way to go

Harold838383

It’s why a lot of us are crypto advocates. We need a currency that doesn’t create an imbalance of power and wealth

coinfeeds-bot

tldr; Ethereum co-founder Vitalik Buterin has said that many in the community see the collapse of cryptocurrency exchange FTX as a validation of things they believed in all along. However, he warned that automatically downgrading every single thing former FTX CEO Sam Bankman-Fried believed in “is an error.” FTX filed for bankruptcy on November 11.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Tejas_LiMan

Faxx

CreepToeCurrentSea

Let me translate for the Gen Z:

cex sus, dex 🔥

Eislemike

So USDC, wrapped assets, staking, and the road map?

tripler142

Btc and monero for the win

gowithflow192

Without Vitalik, ETH surely falls?

diamondbored

Vitalik just saying as it is

nombresinhombre

In this case cardano looks very good

not420guilty

He literally just centralized eth.

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