Ethereum Inventor Vitalik Buterin Has Advice for Bitcoiners - Decrypt
decrypt.co
“I think if we want Bitcoin to be more than payments, it needs more scaling solutions,” said Vitalik Buterin, on a Twitter Spaces this week, pointing to several experiments that Ethereum has been trying out over the past years.
But the main problem, for him, is politics.
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“Bitcoin has really we
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Ethereum inventor Vitalik Buterin believes that Bitcoin needs more scaling solutions to be more than just a payment system. He highlighted the slow transaction throughput of Bitcoin and suggested layer two scaling approaches like Plasma or ZK Rollups, which have been successful on Ethereum. Buterin also mentioned Ethereum's latest update, EIP-4844, which enables up to 100,000 transactions per second. He discussed the security concerns and the 21 million hard cap of Bitcoin, and pointed to Ordinals as a solution for reducing block subsidies. Buterin emphasized the shared characteristics of immutability and layer-1 privacy issues between Ethereum and Bitcoin, and expressed optimism about a world with both chains.
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- “I think if we want Bitcoin to be more than payments, it needs more scaling solutions,” said Vitalik Buterin, on a Twitter Spaces this week, pointing to several experiments that Ethereum has been trying out over the past years. But the main problem, for him, is politics. AD “Bitcoin has really weird politics,” he said, adding that he “doesn’t vi...
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