Ethereum Founder Skeptical of Dorsey, Zuckerberg's plans

Vitalik Buterin discusses the future of decentralized finance, the challenges faced by legacy companies like Facebook, and the potential end of Ethereum mining. He shares his views on crypto skeptics and the unexpected success of blockchain technology. The conversation also covers Jack Dorsey's plans for decentralized finance on Bitcoin, Facebook's metaverse ambitions, and predictions for the future of Ethereum and Bitcoin.

What was the initial expectation of some traditional finance figures regarding cryptocurrencies?

• They thought cryptocurrencies would replace traditional finance.

• They believed cryptocurrencies would fail and lose value.

• They expected cryptocurrencies to thrive.

• They expected cryptocurrencies to be a temporary trend.

What is a key difference between Bitcoin and Ethereum according to Vitalik Buterin?

• Bitcoin has more advanced smart contract capabilities.

• Ethereum has native functionality for smart contracts.

• Bitcoin is faster than Ethereum.

• Ethereum is more secure than Bitcoin.

What challenge does Facebook face in entering the decentralized world?

• High competition from other tech companies.

• Insufficient funding for projects.

• Lack of technical expertise.

• Mistrust from the public.

What shift in experience has the pandemic accelerated according to the discussion?

• A shift from virtual to physical experiences.

• A shift from traditional finance to cryptocurrencies.

• A shift from physical to virtual experiences.

• A shift from decentralized to centralized systems.

What is Vitalik Buterin's prediction for Bitcoin's role in the future?

• Bitcoin will become obsolete.

• Bitcoin will provide price stability.

• Bitcoin will coexist with existing currencies.

• Bitcoin will completely replace the US dollar.

What does Vitalik Buterin suggest might be needed if the US dollar collapses?

• A return to gold standard.

• Decentralized stable coins.

• A new centralized currency.

• Increased reliance on Bitcoin.

What role does Vitalik Buterin foresee for cryptocurrencies alongside existing currencies?

• Cryptocurrencies will replace all existing currencies.

• Cryptocurrencies will have a complementary role.

• Cryptocurrencies will be used only for online transactions.

• Cryptocurrencies will be limited to niche markets.