Ethereum co-founder Vitalik Buterin posted a tweetstorm this week revealing contradictions in his thoughts and values.
Buterin listed ten distinct contradictions, including reducing reliance on people versus building lasting systems and his love of decentralization and democracy versus a tendency to agree with intellectual elites over “the people.”
Thread: some still open contradictions in my thoughts and my values, that I have been thinking about but still don’t feel like I’ve fully resolved.
— vitalik.eth (@VitalikButerin) May 17, 2022
Surprisingly, several of the contradictions mentioned suggest Buterin is not happy with Ethereum, specifically, its protocol design. What’s more, he also spoke about his desire to make his project more Bitcoin-like.
Some have taken this to mean Ethereum’s transition from Proof-of-Work (PoW) to Proof-of-Stake (Pos) is proving more difficult than expected.
Speculation is mounting that Buterin wants to develop on Bitcoin instead.
Trouble at Ethereum?
Last month, Ethereum Protocol Dev Tim Beiko said the Merge would not happen in June, as previously announced.
The Merge refers to merging the concurrently running PoW and PoS chains. This event represents a significant milestone in completing the ConsenSys layer (ETH 2.0). Current estimates put a rollout date of between Q3/Q4 2022.
Considering the constant delays, It’s clear that devs are struggling with the scale of the task at hand.
Buterin’s tweetstorm talks about a desire to turn Ethereum into a robust protocol capable of withstanding “extreme circumstances.” Perhaps events at Terra reminded him of what’s at stake if things go wrong.
Nonetheless, he continues by saying this desire belies the reality that crucial ETH dApps are vulnerable to attack. Additionally, this situation falls below what is acceptable from a security perspective.
“Contradiction between my desire to see Ethereum become an L1…
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