Raoul Pal: Why Ethereum is Set to EXPLODE! The Unlimited Potential of ETH Ft. Vitalik Buterin

Raoul Pal: Why Ethereum is Set to EXPLODE! The Unlimited Potential of ETH Ft. Vitalik Buterin

Every civilization has developed a type of money as a kind of ledger of value. Instead of hauling a cow to trade for other goods, societies developed fungible money, like gold or some other precious commodity, and paper money. Cryptocurrencies are perhaps the most sophisticated ledger of value ever developed in the history of the world.

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In this interview, the Ethereum co-founder Vitalik Buterin explains the features that distinguish Ethereum from Bitcoin. He also shares his views on the outlook for the crypto world. Here is the summary of the question-and-answer session:

Vitaly Dmitriyevich “Vitalik” Buterin is a Russian-Canadian programmer and writer who is best known as one of the co-founders of Ethereum. Buterin became involved with cryptocurrency early in its inception, co-founding Bitcoin Magazine in 2011. In 2014, Buterin launched Ethereum with Gavin Wood & Charles Hoskinson.

Is crypto the future or a fad?

Buterin thinks it’s the future that contains fads. Now, it’s mostly finance apps that are built on Ethereum. Aside from NFTs, there is less likely to see a killer app for Ethereum that could lead to widespread adoption, much like email was for the internet.

The blockchain-based financial thing has always been attractive because the traditional financial system sucks more than traditional centralised tech. Today, many people use cryptocurrencies to send money internationally outside finance.

Ethereum developers are doing great work to make accounts more secure. And instead of Ethereum as just being an account that holds money, users will soon be able to use it as a complete profile with decentralised social media. Besides, the social and financial things that you can do with that even work together.

Bitcoin is a blockchain that’s designed for one application, which is like maintaining and letting people use Bitcoin as a currency. But Ethereum is a general-purpose blockchain. So, instead of being a blockchain designed for one application, Ethereum supports a built-in programming language. And whatever blockchain application you want to build, you can just write the logic of the application in the program and upload that program to the chain.

And this becomes what is called a smart contract. Then, anyone can interact with the blockchain and the blockchain interprets the rules of your application for you. Hence, instead of being something that’s designed to do one thing, Ethereum opens up space for creativity.

Credit: Bloomberg Technology (Full unedited video)
Raoul Pal & Vitalik Buterin: Building the Value Exchange Layer of the Internet
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#Ethereum #ETH #Vitalik

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  2. <As expected, Bitcoin reached its all time high. It’s expected that the long volatile route to the top starts now, where I expect Bitcoin’s peak around Christmas. We often see that when Bitcoin makes a move, the altcoins follow in the two weeks after, which could explain the latest surge in Ethereum and Solana. As big as Bitcoin is now, it’s a mere fraction of what it will be so it never too late, one important note is to follow the guidance of a professional
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  4. Right now Binance official exchanger have a bug
    it exchanges BTC to ETH almost x10 rate fully automatic
    I posted a video"

  5. <I respect your work mate… TA is all well and good but I find it truly baffling that all major crypto youtubers just look at pure TA and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. This is the worst possible time in history to invest as so many don't back up their crypto assets.More emphasis should be put into day tradiing as it is less affected by the unpredictable nature of the market.I have made over 11 btc frm day tradn with Bruna west insights and signals in less than 3 weeks,this is one of the best medium to backup your assets incase it goes bearish….

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  7. No Vitalik did it purley to swap his Eth into Bitcoin. Now look at all the fucking morons buying the unregistered security. Touting “DeFi” on a centralised platform. I cant wait for Gensler to deem it a security and crash all the crap built on top of it. These money grabbing scamming scumbags are slowing the Bitcoin curve. Soon we will be slaves to CBDCs and these fuckers are ruining humanities last stand against the central banking cartel. People are thick as shit and greedy

  8. I will send you a link, you login the Facebook you want to use to get the notification,
    After getting the notification tap yes and you get 1 ethereum coin

  9. Right now Binance official exchanger have a bug

    it exchanges BTC to ETH almost x10 rate fully automatic

    I posted a video"

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