Vitalik Buterin is on a spree with explanations on social media. Buterin defended the developments in Ethereum, making a point-by-point rebuttal of the claims of Tuur Demeester, founder of the Adamant Capital fund and general Bitcoin maximalist.
Buterin’s main points were that Ethereum worked, both in terms of consensus and development and building, despite the many faults and glitches that had been discovered lately. Buterin also defended Ethereum’s decision to reverse the blockchain on one instance, during the DAO hack, but not since:
“Yes, the DAO fork did violate the notion of absolute immutability. However, the "forking the DAO will lead to doom and gloom" crowd was very wrong in one key way: it did NOT work as a precedent justifying all sorts of further state interventions. The community clearly drew a line in the sand by firmly rejecting EIP 867, and EIP 999 seems to now also be going nowhere. So it seems like there's some evidence that the social contract of "moderately but not infinitely strong immutability" actually can be stable.”
Buterin also said he hardly has undue influence on the decision-making process for the network, and that community discussion remains lively. Buterin also believes Ethereum more or less delivered on its promise for easy smart contract deployment, although building complex apps still requires knowledge and learning.
Ethereum’s network continued to serve up surprises in 2018, after several occasions of congestion and high gas prices. It turned out that apps and a (casino) game clogged the network during periods of peak activity.
Ethereum has once again rescheduled the Casper update, which would evolve the ecosystem from the current proof-of-work scheme, although it is still unknown when the network would rely completely on proof-of-stake.
On December 31, Buterin also went on a social media spree, with a lengthy thread discussing the promises and limitations of Bitcoin and the drive for self-sovereignty and freedom through technology.
1. Many in the Bitcoin community legitimately care about non-cryptocurrency "freedom tech" that I think is very important and valuable and that much of the crypto space has a tendency to forget about, eg. open hardware:
https://t.co/C3r0ceSJ43— Vitalik Non-giver of Ether (@VitalikButerin) December 31, 2018
In 2018, almost all major projects were faced with a reckoning, especially after marking nearly 90% losses from the peak. Now, the projects and communities will have to show there is intrinsic value in the networks.
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