Ethereum
Vitalik Buterin Reveals the Future of Ethereum and “Free Internet?” — TradingView News
Vitalik Buterin, the co-founder of Ethereum, recently started a discussion on X (formerly Twitter), highlighting the future of Ethereum and the ambitious goal of building a free and open Internet. This interaction, initiated by a tweet from Josh Stark, presented a diagram illustrating different states of mind within the crypto community, ranging from definite optimism to indefinite pessimism.
Josh Stark’s diagram categorizes mindsets into four quadrants: certain optimism, indefinite optimism, certain pessimism, and indefinite pessimism. Stark characterized “Crypto Twitter” as oscillating between indefinite optimism and pessimism, which perfectly highlights the bouncing community sentiment that builds on most of the industry’s minor movements. In response, Buterin emphasized the importance of a certain optimism, especially in the context of “crypto farcaster” and “Lens.”
Crypto farcaster is a definite optimism. The objective too.
2x points if you have used a non-warpcast client at least once.
Never lose sight of the ultimate goal: building a free and open Internet that is also trustworthy.
I can’t do that with theory and larp, you have to actually use technology. pic.twitter.com/RlVXMH0S2S— vitalik.eth (@VitalikButerin) May 16, 2024
Crypto farcaster and Lens are platforms that embody a certain optimism in actively working towards a decentralized and open Internet. Ethereum/USD chart by TradingView
Buterin’s message is clear: the ultimate goal of the crypto movement is to create a free and open Internet. He cautioned against getting lost in theoretical discussions and stressed the need for practical application of blockchain technologies. We have already seen technology working as a decentralization tool in various digital domains. As Ethereum’s role in the market diminishes, Buterin’s call could be a signal for developers to step up their attempts to create useful applications for users.
However, Ethereum’s recent performance has been somewhat rocky. Although Bitcoin reached new all-time highs, Ethereum struggled to surpass its previous ATH. The second-largest cryptocurrency by market capitalization has faced resistance and volatility, reflecting broader uncertainty in the market. This struggle highlights the importance of Buterin’s message: the need for continued innovation and practical applications to move the ecosystem forward.