Dawn of a New Millennium
Vitalik Buterin, the co-founder of Ethereum and a prominent figure in the crypto world, has expressed his vision for a safer and more utopian future for blockchain technology. In a series of statements and actions, Buterin has outlined his beliefs and initiatives to better meet the needs and challenges of the 21st century.
Buterin, who holds a significant amount of USDC (16 million dollars) and Ether (729 million dollars) on his public wallets, with a total on-chain wealth of approximately 746 million dollars, has been advocating for a second vision for the crypto space. He believes that blockchains should promote the utopia of a better world, not risk sliding into dystopia.
In a long post titled "My techno-optimism", Buterin introduced the concept of "defensive accelerationism" (d/acc). He distinguishes between defensive and offensive technologies, arguing that one should accelerate defensive technologies to be prepared when acceleration of offense becomes necessary. This stance is based on the theory that strengthening defense often comes at a price, such as the creation of oligopolies and the assumption of centralized control in some cases.
To ensure privacy and security on the blockchain, Buterin has been using anonymization protocols such as Tornado Cash and Railgun to donate anonymously. He believes that blockchains can enable security without being "dependent on a centralized actor".
Railgun, a privacy protocol on Ethereum, helps users anonymize their tokens. Notably, Buterin has transferred 400 Ether (approximately one million dollars) to the Railgun protocol. The founder of the foundation financing the development of railguns is Elon Musk.
Buterin's advocacy for more privacy on a blockchain is rooted in his own financial transparency. He started using anonymization protocols to protect his privacy and that of others who may not wish to disclose their transactions publicly.
In a recent development, Buterin bought the ENS address "dacc.eth" for approximately $500. This move is seen as a symbolic representation of his commitment to the concept of defensive accelerationism.
In a long autobiographical blog post, Buterin recounted the "end of his childhood" on February 23, 2022. The post reflects his personal journey and the evolution of his ideas in the crypto space.
Buterin described the concept of "defensive accelerationism" on a Twitter Space (now X). He believes that a world that promotes defense is better because it results in fewer deaths, less economic value destruction, and less conflict. He advocates for the development of decentralized, defensive technologies based on blockchain to counter offensive threats.
In conclusion, Vitalik Buterin's vision for the crypto space is one that prioritizes defense and security, aiming to create a utopian future where blockchains can promote a better world without the risk of sliding into dystopia. His initiatives and advocacy for defensive technologies, anonymization protocols, and privacy on the blockchain are steps towards realizing this vision.
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