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

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

27 thoughts on “Ethereum Co-Founder Vitalik Buterin Discusses FTX Collapse — Says ‘Centralized Something Is by Default Suspect’ – Featured Bitcoin Information”

  1. 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.

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  2. >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

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  3. 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.*

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  4. 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.

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  5. 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?

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