Vitalik Buterin Discusses Sustainable And Decentralized Applications

According to Odaily, Vitalik Buterin recently shared his views on the types of applications he hopes to see in the blockchain space. Buterin emphasized the importance of applications that operate sustainably and do not compromise on principles such as permissionlessness and decentralization. He expressed his appreciation for decentralized exchanges (DEXs), which he uses weekly, and decentralized stablecoins like RAI. Buterin also mentioned Polymarket as a notable application. Buterin acknowledged that while he prefers RAI over USDC, he recognizes the convenience and widespread use of USDC. He finds USDC particularly useful for international donations, as it is much more convenient than traditional banking methods. He highlighted the real-world use case of people in emerging markets using stablecoins for free trade, which aligns with the goal of making the global economy and society more open and free. He also noted that USDC on Ethereum is superior to account-to-account transfers within centralized exchanges, which occur frequently. Buterin believes that encouraging the use of USDC can create a situation where it becomes easier for people to transition to more decentralized stablecoins. However, he expressed his disapproval of applications that derive their appeal from temporary sources and lack sustainability. He was not enthusiastic about the liquidity mining craze of 2021, as it was evident that it stemmed from fundamentally temporary token issuance. When evaluating investment opportunities, Buterin always questions the source of returns and the counterparties involved in the transactions. He seeks concrete answers and sustainable reasons to be excited about an investment, especially if the rationale holds true for at least five years.