Stop overpaying - start transferring money with Ogvio. Join the waitlist & grab early Rewards NOW! 🎁
Key Takeaways
Stop overpaying - start transferring money with Ogvio. Join the waitlist & grab early Rewards NOW! 🎁
Vitalik Buterin, co-founder of Ethereum, shared his view on how Ethereum
In a blog post published on September 20, Buterin pointed out that many of the projects that have generated revenue, such as non-fungible tokens (NFTs), meme coins, and speculative trading, do not always align with the values that initially drew people to Ethereum.
On the other hand, applications with social, artistic, or public-interest goals often fail to generate enough income to support themselves.
Did you know?
Subscribe - We publish new crypto explainer videos every week!
How to Avoid Major Crypto Investment Risks? (Beginner-Friendly)
To address this, Buterin proposed that more stable DeFi services could become a consistent source of income.
He mentioned protocols like Aave
He compared this idea to how Google earns its main revenue from search and ads, even though it also builds products like phones and browsers. While those projects matter, they do not make nearly as much money.
Ethereum could do something similar by using reliable finance tools to earn money, while supporting other useful but less profitable projects.
However, since Ethereum is decentralized, it can avoid the negative effects seen in traditional companies. For example, he criticized Google for relying on ads that encourage the collection of user data, something that does not align with open-source values.
On September 13, Buterin shared concerns about involving artificial intelligence (AI) in blockchain project governance. What did he say? Read the full story.
To ensure the highest level of accuracy & most up-to-date information, BitDegree.org is regularly audited & fact-checked by following strict editorial guidelines & review methodology.
Carefully selected industry experts contribute their real-life experience & expertise to BitDegree's content. Our extensive Web3 Expert Network is compiled of professionals from leading companies, research organizations and academia.