Ethereum Co-Founder Vitalik Buterin Discusses FTX Collapse — Says ‘Centralized Something Is by Default Suspect’ – Featured Bitcoin Information
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He just needs to tweet this to Binance and its game over for CZ lol.
It’s almost like Bitcoin was created to escape from this shit. Ironic, isn’t it?
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.
It’s why a lot of us are crypto advocates. We need a currency that doesn’t create an imbalance of power and wealth
Vitalik just saying as it is
>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
Bitcoin, ETH, Loopring. DEX is way to go
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.*
Faxx
Satoshi was way ahead of this time
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.
So true.
In this case cardano looks very good
Let me translate for the Gen Z:
cex sus, dex ????
So USDC, wrapped assets, staking, and the road map?
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.
Btc and monero for the win
so ETH?
Eth is centralized as fuck… thank you vitalik. I was on the fence about eth but you’ve now opened my eyes
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
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
Without Vitalik, ETH surely falls?
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?
He literally just centralized eth.
What’s the point of discussing something that has already collapsed?
“Centralization is a scam”
*Switches to POS*
As he speaks as the central leader of a shitcoin