Vitalik Buterin Offers Lessons for Crypto in Wake of the FTX Collapse

In a Nov. 20 Bloomberg interview, Buterin said that the collapse of FTX contains lessons for the entire crypto ecosystem. He acknowledged that the underlying stability of distributed ledger and the technology powering the crypto asset economy has not come into question. The problem in this instance (and several before it) has been people, not technology. (Cointelegraph)

Original Link

Comments

All Comments

Recommended for you

Cointime精选 ·

Reducing latency games by levelling the playing field on block size for PBS

For this post, block size refers to the number of serialised bytes in a block. Currently, the average block size is over 100k https://etherscan.io/chart/blocksize 1. Note that we are talking about bytes, not gas limit.
Glassnode ·

The Fourth Halving

The fourth Bitcoin Halving has occurred, leading to a 50% reduction in supply inflation and an inherent increase in issuance scarcity. In this edition, we explore the evolution of the Bitcoin network across Epochs with respect to price performance, and fundamental network metrics.
Coinstore ·

2024 Coinstore Premiere Brand Conference Has Completed Successfully
Bitcoin Asia ·

Bitcoin Conference to Bring Star-Studded Lineup of Speakers to Hong Kong on Dawn of Historic ETFs.

Excitement is brewing in the heart of Asia as Hong Kong regulators pave the way for a new era of innovation with the recent approval of spot Bitcoin exchange-traded funds (ETFs). This groundbreaking development underscores Hong Kong's commitment to becoming a regulated hub for Bitcoin. At the same time, the Bitcoin Conference is bringing the best and brightest Bitcoiners from around the world to Hong Kong for Bitcoin Asia.
Cointime精选 ·

UNVEILING THE CELESTIAL MASTERY: TREVOR JONES’ CRYPTOANGELS PROJECT

Renowned digital artist Trevor Jones, a visionary in the fusion of traditional art with blockchain technology, is set to transcend boundaries with his latest project, CryptoAngels. This ambitious initiative is not merely an art drop; it’s a comprehensive ecosystem encompassing physical and digital realms, games, and a vibrant community engagement, promising to be a cornerstone event in the NFT landscape of 2024.
Arthur Hayes ·

Left Curve

Some of you think you are masters of the universe right now because you bought Solana sub $10 and sold it at $200. Others did the smart thing and sold fiat for crypto during the 2021 to 2023 bear market but lightened up as prices surged in the first quarter of this year. If you sold shitcoins for Bitcoin, you get a pass. Bitcoin is the hardest money ever created. If you sold shitcoins for fiat that you don’t immediately need for living expenses, you are fucking up. Fiat will continue to be printed ad infinitum until the system resets.
PermaDAO ·

AOS Announces Support for SQLite

AOS, the decentralised operating system of AO, now supports SQLite to ensure effective data storing and retrieving, the hyper-parallel computer announced.
PermaDAO ·

Arweave Weekly Highlights Week 16｜Autonomous Finance Arrives! Participate in Everloot #2 Event, Win Hardware Wallet

Arweave's data from last week: The mainnet completed a total of 188,230,723 transactions, achieving 1,010 TiB of storage in a single week. This week, the storage cost is 0.748 AR/GiB, and there has been an increase of 706 on-chain addresses.
MIIX Capital ·

MIIX Capital： Crypto Weekly report（0415-0421）：Post-Halving, the Sentiment is Bullish, and The Bull-Bear Battle is Fierce.

Post-BTC's fourth halving, bullish sentiment rises but bears remain active. Emphasizing BTC's bullish stance, noting BounceBit TVL's surge and ecosystem strength, hinting at further uptrend. Caution advised, focus on Token2049 innovations.
PermaDAO ·

PermaDAO Weekly#63｜”Harvest Month” | Earn by joining PermaDAO and ao-effect｜4.13-4.19

The influence of the AO ecosystem is expanding, attracting more followers and partners. This week, AO has built its first RWA project—Harvest, and the powerful features of AO are exactly what Harvest needs.