Vitalik Buterin Quotes

Vitalik Buterin
Vitalik Buterin
Russian Businessman
Born: Jan 31, 1994
Blockchain First People Think Will You
Related authors: Bill Gates Elon Musk Henry Ford Jim Rohn Les Brown Stephen Covey Steve Jobs Warren Buffett
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
Police Will Cheating Become Society Ways Complex Easier More More And More Understand Becomes Many Even Harder
Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly. Vitalik Buterin
Work Job Blockchain Out Directly Tend Driver Drivers Puts Instead Putting Most Periphery Doing Tasks Whereas Center Customer Taxi Taxi Driver Workers Lets Away Technologies
The industrial revolution allowed us, for the first time, to start replacing human labour with machines. Vitalik Buterin
Time First Revolution Machines Allowed Industrial Industrial Revolution First Time Replacing Labour Human Us Start
I remember knowing, for a while, for a long time, that I was kind of abnormal in some sense. Vitalik Buterin
Time Remember Long Long Time Sense Kind Abnormal Some Knowing While
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
Great Money Bitcoin Language Digital Too Top Weak Kind Advanced Built Any Form Scripting Serious Applications
Giving users easy access to many different kinds of digital assets on the blockchain and, particularly, tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level, and I applaud Digix Global's initiative in being the first of many such projects to successfully launch. Vitalik Buterin
World Digital Giving First Blockchain Different Kinds Projects Launch Easy Easy Access Kinds Seeing Adoption Crucial Global Reach Particularly Access Real Linked Being Different The Real World Real World Next Next Level Successfully Users Many Initiative Applaud Assets Level
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
You Blockchain System Something Could Over Like Sort Renting Up Done Just Automated Bikes Theoretically Works Start Imagine
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
Technology Trust People Blockchain Secure Paradox More Main Generally Advantage New Supposed New Technologies Really Hard Avoided Technologies
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
You Security Database Order Incentives Need
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
Happy Blockchain Think Definitely Some Cases Strongest Smaller Well Doing Private Opposition Lot Than Just Banks Interested Public Things
I think people don't realise that running a piece of code that verifies some conditions for a financial transaction, that by itself is a lot less work than verifying a cryptographic signature, and so even if the virtual machine is inefficient, the cryptographic signature is still going to dominate. Vitalik Buterin
Work People Financial Think Virtual Machine Signature Running Some Piece Inefficient Still Verifying Conditions Lot Itself Dominate Than Going Transaction Realise Less Even Code
Scalability is this idea of coming up with a blockchain that can scale much larger than existing chains essentially by processing transactions in parallel. And moving away from this paradigm where every single node on the network has to process every single transaction. Vitalik Buterin
Single Blockchain Every Scale Paradigm Parallel Network Idea Coming Existing Up Than Essentially Transaction Transactions Where Process Processing Moving Moving Away Much Chains Away Larger
Blockchains will drop search costs, causing a kind of decomposition that allows you to have markets of entities that are horizontally segregated and vertically segregated. Vitalik Buterin
You Will Drop Markets Kind Entities Costs Segregated Causing Vertically Search
I personally, generally, don't really feel much emotion if there's some problem and I'm actively solving it. Vitalik Buterin
Problem Solving Some Emotion Generally Feel Personally Much Really Actively
I think Bitcoin really feels empowering in a sense. Vitalik Buterin
Bitcoin Sense Think Feels Empowering Really
Blockchain software companies may end up being amalgamated into existing software giants, at which point blockchain patents will just become part of the existing patent war. Vitalik Buterin
War Will Become Blockchain Software Giants Point Part Existing End Up Patent Patents May Just Being Which Companies
Many people at different levels of the Russian government are open to crypto-currencies. Vitalik Buterin
Government People Russian Open Different Different Levels Many Levels
Although the Ethereum blockchain is a public blockchain, it is great to see private and consortium blockchains using the Ethereum code base actively under development. Vitalik Buterin
Great Blockchain See Development Although Private Public Ethereum Using Actively Base Code
You can write anything that you would be able to write on a server and put it onto the blockchain. Instead of Javascript making calls to the server, you would be making calls to the blockchain. Vitalik Buterin
You Blockchain Would Would-Be Able Onto Write Put Instead Calls Making Anything Server
When I was in grade five or six, I just remember quite a lot of people were always talking about me like I was some kind of math genius. And there were just so many moments when I realized, like, okay, why can't I just be like some normal person and go have a 75% average like everyone else. Vitalik Buterin
Me People Genius Remember Just Be Else Everyone Everyone Else Okay Kind Some About Like Talking Always Go Were Math Normal Lot Normal Person Five Person Grade Quite Six Quite A Lot Just Average Realized Many Moments Why
I generally support just about every secession attempt that comes along. If, in the future, there is that kind of a dispute in Ethereum, I'd definitely be quite happy to see Ethereum A go in one direction and Ethereum B go the other. Vitalik Buterin
Future Happy Every Other Definitely Kind See About Direction Attempt Generally Support Along Go Quite Just Ethereum Dispute Secession

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