#14 - Vitalik on the return of Ethereum

Bullish:

• $ETH - Ethereum's technical progress has reached a point where long-discussed capabilities are now viable, indicating significant potential for growth and innovation.

  • “From the technical perspective, all of the pieces are finally, like, actually in place to make it viable to do kinds of things that we've been talking about doing for a really long time.”

    Vitalik·0:08
• $BTC - Bitcoin is expected to experience unprecedented growth as fiat currencies face challenges and potential collapse.

  • “When many fiats die, lots of things break because it's a tool for social control and so on, and Bitcoin will moon more than you can imagine it can moon”

    Balaji·1:00:35
• $DEFI - DeFi is becoming safer and more viable, with improving security metrics and a relatively low ratio of hacks to total value locked.

  • “If you, like, go and dive in, like, ask the bot, like, basically, give me the total number dollar number of DeFi hacks divided by the total number of DeFi TVL. I asked. And, the answer it gave us is less is, I think is 0.53%.”

    Vitalik·3:19
• $ZKSNARKS - Zero-knowledge proofs offer a unique balance between privacy and reputation, suggesting significant potential in various applications.

  • “The the nice thing about zero knowledge proofs gives you is they give you the ability to have privacy, but at the same time have, have reputation.”

    Vitalik·53:54
• $FARCASTER - Farcaster has demonstrated longevity and ecosystem growth, indicating potential for further development and adoption.

  • “Like, it's just it's been running for years. It's existed for years. It has multiple clients. It has a pretty robust, pretty thriving ecosystem.”

    Vitalik·9:24
• $POLYMARKET - PolyMarket shows unique potential for broader adoption, attracting attention even from crypto skeptics.

  • “Like, it gets mainstream support and attention even from the types of people who normally think crypto is a scam.”

    Vitalik·11:10

Bearish:

• $FIAT - Fiat currencies are facing existential challenges due to the rise of cryptocurrencies, potentially leading to their decline or collapse.

  • “Every fiat currency is now in a war for its survival comparable to local news because their only advantage was their geography.”

    Balaji·59:57