Ethereum white paper predicted DeFi but missed NFTs: Vitalik Buterin

Ethereum white paper predicted DeFi but missed NFTs: Vitalik Buterin


Rounding up the last decade, Ethereum co-founder Vitalik Buterin revisited his predictions made over the years, showcasing a knack for being right about abstract ideas than on-production software development issues. 

Buterin started the Twitter thread by addressing his article dated Jul. 23, 2013 in which he highlighted Bitcoin’s (BTC) key benefits — internationality and censorship resistance. Buterin foresaw Bitcoin’s potential in protecting the citizens’ buying power in countries such as Iran, Argentina, China and Africa.

However, Buterin also noticed a rise in stablecoin adoption as he saw Argentinian businesses operating in Tether (USDT). He backed up his decade-old ideas around the negative impacts of Bitcoin regulation.

My views today: sure, Bitcoin’s decentralization would let it still *survive* under a super-hostile regulatory climate, but it could not *thrive*.

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