Vitalik Buterin talked about Argentine inflation and the Ethereum merger

30 minutes before the opening of the main stage of the ETHLatam conference, thousands of people were already lining up to get the best seats. Today, August 13, Vitalik Buterin, co-founder of Ethereum, opened the day for this party, which today reaches its third and final day.

“Present” Buterin said in Online. Through a giant screen, the Canadian Russian computer scientist Talk to the Argentines Located in the Buenos Aires Convention Center. Evan Van Ness, an Ethereum technology promoter who was present on stage, was responsible for giving an interview to him.

The first question tested the multilingual skills of its co-creator EthereumBecause Van Ness asked him to explain in Spanish fusion (to merge) which will happen soon.

Buterin complied with his request and explained it in the local language The merger – which involves moving from Proof of Work to Proof of Stake – will make Ethereum more efficient In terms of energy.

“It is a very difficult process and I need the cooperation of many developers,” Buterin said. His last sentence in Spanish caused laughter from the audience and also a standing ovation: “We’re going to make a hard fork in the chain.” [«tenedor duro» es una posible traducción literal de hard fork o «bifurcación fuerte»].

Vitalik Buterin in the Tornado Cash case

The co-founder of Ethereum, who was consulted by Van Ness, spoke about the recent events that took place with Cryptocurrency mixer, Tornado Cash. As mentioned by CriptoNoticias, the developer who wrote the code for this app He was arrested hours ago.

Buterin was sure to show it, For him, excesses were committed in the manner of acting:

It’s definitely a pretty big escalation for governments to go after someone to write code. It is not an actively operating company or system. It’s a smart contract on the blockchain and two JavaScript scripts on the server.

Vitalik Buterin, co-founder of Ethereum.

computer world , He made a revolution in Buenos Aires during his face-to-face visit in December 2021And the You consider it important to support groups that do educational work on cryptocurrency. It specifically refers to those who explain with arguments why it is a good and important industry in line with the values ​​that matter to society. “They are also values ​​that governments like the United States and others are championing,” he says.

Buterin is pleased that he too Many Bitcoin Extremists Support Free Speech Regarding Tornado Cash Case: “I think the Bitcoin community and the Ethereum community deserve a big round of applause, because we know the time has come to show solidarity and we will work together to get through this.”

“Accumulation will be attractive to all Ethereum users.”

The conversation between Buterin and Van Ness for a few minutes focused on the scalability of the network. The Russian-Canadian developer understands this Many prefer to use a highly centralized blockchain, because it is fast and cheap, instead of using Ethereum blockchains.

I think update rolls might be cheap enough to be attractive to regular users, but we’re not quite there yet. I’ve always had this situation, I mean, I totally understand why people use centralized solutions. You won’t want to pay $8 every time you want to do something, that’s understandable. So, it is something that will be resolved and improved over time.

Vitalik Buterin, co-founder of Ethereum.

“You have to stop following those who promoted Luna and UST to buy.”

However, Buterin suggests Be careful when using highly centralized blockchains. also with Referring to the collapse of Terra Network, which occurred in May this yearcalls for caution when accessing investments that promise exaggeratedly high returns and are unsustainable over time.

I have sympathy for the smaller stockholders to whom one of them said “That’s cool, it’s cryptocurrency and it will give you interest.” But I have very negative feelings about the millionaires and the funds that sold these things on the Internet and ruined everything. (…) You have to unfollow [dejar de seguir] For the people who said they bought it.

Vitalik Buterin, co-founder of Ethereum.

How to solve inflation in Argentina, Vitalik?

The interlocutor with whom he spoke posed the question of this address to Buterin. The IT guy was honest and He said he doesn’t have a definitive answer to this problem, so he’d rather leave that to others.

She understands that what is happening to Argentina has already happened or is happening in other parts of the world. mentions for example, at recent days depreciation of the euroWhich reached parity with the dollar a few weeks agoas CriptoNoticias reported at the time.

After a series of questions and answers, Van Ness took over Photograph to a crowded hall, in order to deliver it to Buterin. The applause of the audience resounded for several minutes in the first stage of the convention center, and this was the end of this first talk for the third and final day of ETHLatam 2022 in Argentina.