Vitalik Buterin defends the crypto industry's enduring idealism

Faced with criticism of the growing institutionalization of the crypto sector, Vitalik Buterin, co-founder of Ethereum, reaffirms the continued presence of the original ideals. In a recent exchange, he highlights the significant progress made in projects with a social and decentralizing aim.

Crypto’s pioneering spirit endures despite industry evolution

During an exchange with Joe Weisenthal, co-host of the Bloomberg Odd Lots podcast, Vitalik Buterin reaffirmed the active presence of “idealistic hippies” and their innovative projects, despite the changes in the crypto sector.

We are always here !” , does he have declared, alluding to the pioneers who saw blockchain as a powerful lever for democratization and opening up the Internet. Buterin categorically refuted the idea of ​​abandoning the founding values ​​of the crypto movement.

Although the media spotlight has shifted to the financial and institutional aspects, the Ethereum co-founder highlighted concrete progress being made in crucial areas.

He notably cited the decentralized social networks Farcaster and Lens, progress in secure electronic voting, as well as new crowdfunding approaches such as quadratic financing.

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Social innovations anchored in blockchain technology

Buterin highlights several flagship projects embodying this enduring social vision. Quadratic funding stands out as a more equitable model of community support, while privacy-preserving payment solutions address growing concerns about personal data protection.

The concept of “retroactive financing” is also highlighted by Buterin. This innovative approach to rewarding contributors of digital public goods could radically transform support for open source developers and content creators.

Buterin's personal commitment perfectly illustrates this loyalty to the founding ideals.

He continues to propose innovative solutions to the technical and social challenges of Ethereum and the crypto ecosystem, speaking regularly on social networks and his blog.

His sustained involvement even sparked criticism of Weisenthal, accused by some of neglecting the groups behind these avant-garde projects.

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