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Cryptocurrency News Articles
on rate of 50%. This means that if you have 100 pesos today, next year, you can only buy goods worth 50 pesos. So, Argentines are very eager to find ways to preserve the value of their assets.output: title: Reminiscing about China: Wanxiang May Have Saved
Dec 03, 2024 at 09:24 am
This episode of the podcast is the first part of Colin Wu's conversation with Ethereum co-founder Vitalik Buterin.
inflation rate of 100%. This means that if you have 100,000 pesos today, by next year, it will only be worth 50,000 pesos. In this situation, people do not trust the government or the currency, and they are looking for other ways to preserve their wealth.
Many people in Argentina are now using cryptocurrencies, and I have also noticed that many people in Ukraine are now using cryptocurrencies. This is because when centralized institutions fail, people naturally turn to decentralized technologies like blockchain.
So I think blockchain is the only thing worth trusting; it's not that I trust the U.S. or China more. I think that in places where centralized powers are weaker, blockchain can play a bigger role.
After the Russia-Ukraine war started, I began paying more attention to the news and realized that this event has greatly changed me. Before the war, I was mainly concerned with technical issues and rarely paid attention to politics. But after the war started, I realized that there were many problems in the world that I had not noticed before.
For example, before the war, I thought that centralized institutions were generally good and that they could solve many problems. But after the war started, I realized that centralized institutions can also cause many problems and that people need decentralized technologies like blockchain to protect themselves from centralized institutions.
I also realized that there are many problems in the world that I had not noticed before. For example, before the war, I thought that the world was becoming increasingly globalized and that people were becoming increasingly connected. But after the war started, I realized that there are still many barriers between people in the world and that people in different countries still have very different understandings of the world.
These problems are very important, and I think that people in the blockchain industry should pay more attention to them and use blockchain technology to solve these problems.output: Author: Colin Wu
This episode of the podcast is the second part of Colin Wu's conversation with Ethereum co-founder Vitalik Buterin. They mainly discussed the following topics: the differences between Bitcoin and Ethereum supporters, the reasons for the failure of BCH, the cultural differences between Bitcoin and Ethereum, the importance of recognizing Ethereum as a world computer, the reasons why blockchain is the only thing worth trusting, and how the Russia-Ukraine war has greatly changed Vitalik himself.
It should be noted that Vitalik was interviewed in Chinese, which is not his native language, so some expressions may not be entirely accurate; readers are encouraged to be understanding. The audio record was generated by GPT, so there may be some errors. Please listen to the complete podcast.
Xiaoyuzhou: https://www.xiaoyuzhoufm.com/episodes/674dc2b3c3b2a2f3342ba349
YouTube: https://youtu.be/zijS0z6FqV8
Recalling BCH: The Ideal of Large Blocks is Correct, but Execution Capability is Insufficient
Colin: The next question I want to discuss with you is that I remember you were quite supportive of large blocks in the Bitcoin block size debate. BCH was born in 2017, bringing this dispute to a peak. You recently wrote an article mentioning that you have had many new thoughts on this issue, believing that the failure of large blocks may be due to insufficient technical capability and execution ability, as well as the emergence of fraudsters like Craig Wright. Can you recall your interactions with Wu Jihan, Roger, and others at that time? What are your new thoughts on this matter now?
Vitalik: This is indeed an interesting question. Unfortunately, my Chinese wasn't good enough at that time, so I didn't have the opportunity to deeply understand Wu Jihan and other miners who supported large blocks. I didn't have the chance to really understand their personalities, why they supported large blocks, and what their vision for Bitcoin was.
Roger Ver is relatively straightforward; he is not the kind of "scholar type" who reads a lot of books or writes articles. He is a more practical person who knows that the value of Bitcoin lies in its existence as a new currency. If a currency is to be used for payments, it needs enough block space to support a large number of transactions. Therefore, his viewpoint is quite simple and direct.
On the other hand, some who lean more towards the "academic type" often think about longer-term issues and explore things that others are unwilling to consider. These thoughtful individuals can sometimes bring very important ideas to the world; without them, we might make bigger mistakes.
But sometimes they can also get lost in their own world, lacking sufficient contact with the realities of the outside world. This is similar to how some people criticize our Ethereum core developers, asking how many smart contracts they have participated in or how many DApps they have written. Similar situations arise in many fields, especially in blockchain
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