Ethereum :: Mispaid Utopia

On Wednesday, Time will launch its inaugural NFT magazine, featuring Ethereum founder Buterin Butterfly on the cover. As a warm-up, the magazine published the interview with V God first, and gained a lot of popularity. Even people who didn’t care about crypto at first began to inquire about who Buterin is.

As the most influential weekly magazine, perhaps none of them has become the cover character of “Time”. I have no doubt that Buterin is not interested in this kind of fame, but I can feel the mood that Buterin regards Ethereum as his own child.

Buterin talked about his concerns. I especially noticed him saying: it has become the de facto standard, and it’s the dystopia I’ve seen constantly over the past few years.

The “it” here refers to the token voting mechanism that prevails in DAO. Buterin is worried that such a mechanism will become a dystopia if it develops.

What a familiar plot, the revolution ate its own children.

revolutionary butrin

This is a young story no more than 14 years old. The mysterious person X, who goes by the pseudonym Satoshi Ben, disappeared after writing the beginning. However, people who are dissatisfied with the centralized world have continued his path and entered the crypto world in an endless stream.

Although Bitcoin hits the heart of centralized currency, it came too hastily, and crypto needs a more mature protocol framework. So, V God came, and he came with the genius idea of ​​Ethereum.

If Satoshi Nakamoto is likened to the masses of Paris shooting at the Bastille, Ethereum is the National Constituent Assembly after the revolution began.

As the teacher of the first righteousness, Bitcoin has earned enough attention, but people in the circle know that the masses of Paris who stormed the Bastille lacked organization, and we must convene a National Constituent Assembly.

As the designer of the new world blueprint, Buterin was pushed to the position of revolutionary leader.

Even if I am reluctant, I have to admit that in the great revolution of more than two hundred years, Robespierre is the most similar to V God.

It’s just that the crypto revolution is not bloody, and V God will not face the end of Robespierre’s death, but the two will definitely sigh the same “revolution eats their own children”.

V God’s speech in the “Time” magazine interview is such a sigh.

And the reason for such a sigh may be that the crypto world today is not what it was originally imagined, or that the past self has long been abandoned by the present self.

But more often, both appear at the same time.

Ethereum in controversy

Unlike Bitcoin, which is a consensus asset, Ethereum is born with a larger mission.

Bitcoin is the money of the new world. What it needs is to be understood and recognized by more people. It does not need to be changed. The constant is its biggest advantage.

Ethereum is different. It is a productivity platform in the new world. It needs to prove itself by nature, and it needs to ensure that it is stable and reliable enough to support high-rise buildings.

Expensive transaction fees have dissuaded many users, the founder of Three Arrows Capital said directly on social media: ” Although I supported Ethereum in the past, I have given up on it, although Ethereum has supported users in the past, But it has given up on users. ”

What’s more deadly is that when Ethereum’s ground-based smart contract is suspected to be insufficient, it has no room to move around and can only survive by breaking its arm.

In June 2016, The DAO project, which raised more than 150 million ETH, was hacked due to loopholes in the contract code, and finally 60 million USD worth of ETH was stolen.

In the face of this serious hacking incident, there are two solutions.

One is a soft fork, which adds code that blacklists attackers and prevents them from transferring stolen ether; the other is a hard fork, which directly rolls back the Ethereum blockchain until the attack occurs previous state.

The Ethereum community voted for a hard fork.

A hard fork is like a Pandora’s box, and the “code is law” creed faces its first crisis of confidence. Since then, Ethereum has undergone several hard forks.

Whether the Ethereum community is willing or forced, hard fork after hard fork is a departure from the fundamental spirit of the blockchain. It is no wonder that some opponents accuse that the subsequent hard fork is essentially an upgrade led by the Ethereum Foundation.

Building a productivity platform in the crypto world has never been more difficult. It’s hard to say that any other solution can be done better.

However, Ethereum is clearly stuck in a quagmire and is getting heavier and heavier.

Mispaid Utopia

The first time I read Buterin’s article was 18 years ago. Compared with four years ago, Buterin now is indeed much more radical. His colleague Glen Weyl put it more veiled: “He went from a kind of sympathetic to anarcho-capitalist thinking to a Georgian kind of thinking.”

Buterin hopes that Ethereum can take on more, not just a paradise for speculators. His ideal ethereum would be “the foundation of a new era of digital life,” and he also expects it to have an impact on politics and push the world toward a more equal and just world, even if it “offends some people.”

Therefore, it is not difficult to understand why Buterin believes that the current Ethereum has some dystopian signs. After all, Ethereum seems to be far from the “experimental field of human society and politics” imagined by V God.

Dystopia is the key word, and we need to talk about it.

Utopia (utopia), that is, “impossible ideal society and things”; dystopia (dystopia or anti-utopia), is a kind of “unpopular and frightening imaginary society” contrary to the ideal society.

Although both are “dystopian” in Chinese, dystopian is not the same as anti-utopia. The more accurate translation of the former is dystopia, which focuses on depicting a bad society, and its focus is on criticizing the present; the latter is pushing a certain utopian idea to the extreme, focusing on exposing and satirizing utopia itself and its existence. of insufficiency.

It’s still too abstract to say that, but a few examples might make it clearer. The representative works of dystopia, DC Comics, The Handmaid’s Tale, and V for Vendetta, have become part of current popular culture; and dystopian works that oppose the concept of utopia, such as “1984”, “Brave New World”, “Us” And so on, although it has entered the hall of classics, it has disappeared from the public eye, and has been classified as a kind of classical tradition and shelved.

I noticed that Buttopia’s word is “dystopia”, which is consistent with my speculation. I guess I haven’t watched DC Comics less often.

God V is a bit like the dark knight in the DC universe. He yearns for a better future and hates the filthy world.

Criticism of reality is always necessary. The problem of dystopia is that if the imperfection of reality is infinitely magnified, then the obsession with imperfection can easily be transformed into a new utopia.

It is precisely because of this vigilance that dystopian literature exists. When dystopia turned to dystopia, it happened to be back to the starting point of previous worries.

The so-called know the white, guard the black. The main idea of ​​classical dystopian works is to be alert to all kinds of utopian ideas, but also to understand the core of utopia best, so we can live with imperfection, but we must not lose the most precious things.

Hayek, who is often considered the father of crypto thought, had such an experience.

In the early days of World War II, the Hayek family lived in London. At that time, the United Kingdom was facing the bombing of the Nazi Air Force. Several neutral countries invited Hayek to immigrate. Hayek had to seriously consider whether he should send his young children. to which country.

Hayek compared Argentina, the United States, and Sweden with countries with very different social orders. The criteria he considered were: How much of a person’s future is determined by chance in the country where my child will grow up in the future?

In the end, Hayek chose the United States, because American society does not have the strict social hierarchies of the old world, which means that the impact of inequality will be minimized here, and anyone may have a chance to succeed.

The new continent in the real world is limited, and the new continent in the crypto world is unlimited. This is the advantage of crypto.

Reality is complicated, and the thing that must not be lost is often deprived before people realize its importance.

The founders of Crypto hope to design a mechanism so that this must not be lost will never be taken away. The core of this mechanism is decentralization.

Of course, Buterin understands this truth, but I only heard Buterin talk about the threat of centralization, but I didn’t hear him mentioning the importance of any centralization.

One can’t help but wonder what the real decentralization is.

In the counterattack against Binance Smart Chain, Ethereum fans even deployed projects with politically taboo words on BSC to cause government action, or BSC took the initiative to delist to prove its centralized nature.

Regardless of whether the means are just or not, isn’t the inherent requirement that decentralization cannot be taken off the shelf, and Buterin’s hope that Ethereum is used for the “right way” not exactly a contradiction?

It can be seen from the development history of Ethereum that the problem of Ethereum is that it is too “heavy”, so it has to fork and expand again and again, and the pursuit of more and more politically correct decentralization is even more important for Ethereum. Fang’s unbearable weight.

In a word, V God regards Ethereum as the DC universe, but in fact, the DC universe only appears on some DAOs at most, such a huge Ethereum must follow the logic of the real world.

What drives capitalists to conduct ICOs and drives miners to mine is nothing but profit.

So, the crux of the matter is by no means a fairer voting mechanism, although I have no doubt that Vitalik Buterin’s genius brain can come up with a better solution. It’s just that all the issues corresponding to the community governance level belong to the DC universe in the final analysis.

The law of the real world is always: “The world is prosperous, only for the benefit; the world is always for the benefit.”

Not everyone is as passionate about building Brave New World as Buterin, and when Ethereum is unprofitable, they don’t hesitate to dump it and look for a new platform. Although Buterin has said quite generously that he doesn’t care about Ethereum being replaced, the new platform that replaces it will definitely be more “money”.

In my opinion, the opportunity for the birth of crypto is precisely to minimize social and political things, so it radically puts forward the slogan of “distrust”. The way to maintain the true nature of the New World is also simpler. If it is not necessary, do not add entities, and build as little as possible.

In “On the Origin and Foundation of Human Inequality,” Rousseau describes the moment when a man encircles a piece of land and claims it as his own. From then on, inequality began, and the freedom of the first people was lost.

As long as the free land in crypto is encircled block by block, whether through a token vote or a full referendum, it will undoubtedly be the more obvious dystopia.

The problem is never the distribution of power, it’s that power against free choice in the crypto world shouldn’t exist at all. Attempts to equalize power are a Pandora’s box that will only spawn more and less controllable power.

Satoshi Nakamoto’s brief paper is still being circulated, but the current crypto is not what it used to be, and the current Buterin is not the first time he heard about Bitcoin and was ecstatic.

In contrast, V God has gone further.

I am reminded of Alan Ginsberg’s deafening line “I have seen the most brilliant minds of this generation destroyed by madness.”

But it’s not enough, but it’s a pity to see his genius brain thinking about the problems in the DC universe.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/ethereum-mispaid-utopia/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

Like (0)
Donate Buy me a coffee Buy me a coffee
Previous 2022-03-23 10:02
Next 2022-03-23 10:04

Related articles