Naval Vitalik: Ethereum, Part 2
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Apr 14, 2022 Vitalik Buterin, co-founder of Ethereum and a leading voice in blockchain innovation, discusses his journey through the complex landscape of smart contracts and decentralized systems. He reflects on pivotal moments like the DAO hack and shares insights on the evolving Ethereum community. Vitalik also reveals the challenges of achieving significant advancements and emphasizes the importance of good-natured leadership in crypto. His thoughts on geopolitics and a nomadic lifestyle offer a glimpse into his unique perspective on life and philanthropy.
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Protocol Politics
- Protocol politics resemble regular politics, arising from interactions among thousands of people.
- Differing incentives, competition, and opinions lead to conflicts within and between protocols.
Fear vs. Greed
- People's worst actions are often driven by fear, not greed, as seen in events like COVID and the Russia-Ukraine war.
- Fear-based responses are often justified in the name of others, unlike greed, which is self-serving.
The DAO Hack and Hard Fork
- The DAO hack and the subsequent hard fork were a morally challenging time for Ethereum.
- Despite the controversy, the decision reinforced the principle of not prioritizing principles infinitely.