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The main advantage of blockchain technology is supposed to be that it's more secure, but new technologies are generally hard for people to trust, and this paradox can't really be avoided.
Vitalik Buterin -
There is definitely a lot of banks that are interested in private blockchains. In some cases, they are happy with public blockchains as well. The opposition to just doing things on a public blockchain is definitely smaller than some of the strongest detractors think.
Vitalik Buterin
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The industrial revolution allowed us, for the first time, to start replacing human labour with machines.
Vitalik Buterin -
You could imagine something like a completely automated system for renting bikes that's just done completely over blockchain crypto-payments. And theoretically just sort of start it up, and it works completely autonomously.
Vitalik Buterin -
In order to have a decentralised database, you need to have security. In order to have security, you need to - you need to have incentives.
Vitalik Buterin -
I remember knowing, for a while, for a long time, that I was kind of abnormal in some sense.
Vitalik Buterin -
I personally, generally, don't really feel much emotion if there's some problem and I'm actively solving it.
Vitalik Buterin -
The technical side of Ethereum's efficacy is 100% an engineering exercise.
Vitalik Buterin
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Bitcoin is great as a form of digital money, but its scripting language is too weak for any kind of serious advanced applications to be built on top.
Vitalik Buterin -
As society becomes more and more complex, cheating will in many ways become progressively easier and easier to do and harder to police or even understand.
Vitalik Buterin