V God: Ethereum can surpass Bitcoin in terms of price and value storage

In a recent podcast interview Stakeborg Talks, the Ethernet Square co-founder of Vitalik Buterin frankly talked about the wide range of issues, including the potential of his early attraction to math and problem-solving, decentralized or autonomous organizations of DAO, he The views of the Bitcoin community and NFT.

V God: Ethereum can surpass Bitcoin in terms of price and value storage

In response to a question about his preference for professional titles, Buterin called himself a philosopher of technology, a term that was a bit of an own.

Citing the famous words of scholars and warriors from the Athenian historian Thucydides, Buterin offered his views on the ever-changing dichotomy between the dogma of the technology industry and the abstract space created for philosophical thought leaders.

When asked if we see Ethereum surpassing Bitcoin not only in price value but also as a value asset store, he simply answered “it can” and then expanded his point:

“I think the biggest difference between Ethereum and Bitcoin is that Bitcoin is a platform. The value of the ecosystem comes from the value of the currency, but in Ethereum, the value of the currency comes from the value of the ecosystem.”

Speaking of Bitcoin, he said: “In some ways, the number of critics is far less important than the strength of supporters.”

After the highly anticipated London hard fork upgrade (introduction of EIP1559) in mid-August, Ethereum is enhancing the network’s transaction payment system, mainly transaction fees and miner income. Buterin said:

“Especially after EIP 1559, when your expenses are burned, this becomes a reality in a more direct economic sense.”

In September, Buterin was selected as Time Magazine’s 100 Most Influential People in 2021 because of his indispensable role in the development of the Ethereum network to a market capitalization of more than US$400 billion. Leaders in the DeFi and NFT fields have also received other recognition.

When talking about the rise of Decentralized Autonomous Organizations (DAOs), especially the development of models such as quadratic voting and financing, Buterin outlined the Gitcoin DAO and Optimism tracing public product experiments as examples of development progress.

When asked whether DAO will become the next field in the cryptocurrency ecosystem after the success of decentralized finance and NFT, Buterin said:

“I think that as time goes on, DAO will definitely become more important… As far as what is still lacking in the DAO field, I don’t think it involves big things, but more trivial things. What is DAO? Is it the first time to decide to become a strategic fulcrum, or when will the two DAOs decide to merge? This is the ability to make major decisions, not just to continue on the same path step by step. I think we will soon See this.”

Finally, while commenting on the rapid development of the NFT field, Buterin shared some insights on the newcomers attracted by assets:

“I think NFTs are interesting from a cultural point of view because they bring people into Ethereum, and their thinking is completely different from DeFi and ordinary cryptocurrencies.”

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/v-god-ethereum-can-surpass-bitcoin-in-terms-of-price-and-value-storage/
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