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2022-01-03 22:00:16

Ethereum Inventor Starts 2022 Revisiting Ideas, Where Was He Wrong?

The inventor of Ethereum Vitalik Buterin has come out of a self-imposed Twitter hibernation period, as he called via his personal account. On his first post of 2022, Buterin reviewed some of the ideas, proposals, and thoughts from this past decade to find if he maintains the same position as when he first talked about them. Related Reading | TA: Ethereum is Showing Early Signs of Fresh Rally, But 100 SMA is the Key The inventor of Ethereum listed over 10 ideas, many of which have been a source for controversy amongst the crypto community. Buterin begun his “mini-tweetstorm” with Bitcoin, a project in which he was very active during its early stage. In 2013, Buterin published an article talking about Bitcoin’s capacity to help people suffering from inflation and central bank money policy in places like Iran and Argentina. At the time, the inventor of Ethereum said that the cryptocurrency was capable of offering respite, but due to its “internationality” and not its limited supply. In that sense, he predicted the rise of stablecoins and assets with less volatility than Bitcoin in such places. Now, he said: I actually went to Argentina! My verdict: generally correct. Cryptocurrency adoption is high but stablecoin adoption is really high too; lots of businesses operate in USDT. Though of course, if USD itself starts showing more problems this could change. Moreover, Buterin revisited his position on regulation. Around the sam...

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