Ethereum co-founder Vitalik Buterin says the blockchain’s “cypherpunk” vision was largely swept under the carpet when cryptocurrencies began to over-financialize the network around 2017.
Ethereum needs to reignite the “cypherpunk” revolution that was first envisioned for the blockchain in its early days, says Vitalik Buterin, one of the network’s founders.
According to Buterin, Ethereum was initially envisioned as a “public decentralized shared hard drive” that could leverage peer-to-peer messaging and decentralized file storage, but the vision began to fade in 2017 with the turn toward financialization on Ethereum, he wrote in a Dec. 28 post.
That said, Buterin said he’s been impressed with solutions that have come about from some of the industry’s biggest problems.
