Vitalik Calls Blockchain A ‘Truth Machine’

Ethereum co-founder Vitalik Buterin recently addressed the concept of a global universal blockchain in response to a Twitter comment. He described a blockchain as a “truth machine” that provides consensus approximate truth over when messages were sent, but it doesn’t determine factual events, like the moon landing.

Buterin explained that this limitation reduces the blockchain’s attack surface significantly. However, he emphasized the need for additional tools to assist with truth-finding beyond the blockchain’s capabilities.

Community Comes Up with Mixed Reactions

Twitter users responded with varying views. One user asserted that the blockchain does reflect real data, noting its transparency and the significance of token names. They highlighted the challenge of data overload, suggesting that this problem should get attention.

Another user commented that blockchain technology is a foundational tool that enables groundbreaking transaction capabilities. They pointed out that blockchain itself doesn’t do anything independently; it requires social interaction and responsible use to avoid repeating past mistakes.

Vitalik Buterin on Political Support and Cryptocurrency

In related news, Buterin suggested towards basing political support entirely on a candidate’s pro-crypto stance. He emphasized the significance of broader values consisting of individual freedoms and technological development.

According to Buterin, focusing narrowly on cryptocurrency should undermine the ideas that inspired the industry’s motion.

Buterin cited that the current fashion of supporting politicians solely for his or her pro-crypto stance is wrong. Political views can change over time, and a politician who seems crypto-friendly today may not hold the same views in the future. He urged the crypto community to consider the broader implications of their political support.

How did the Stolen WazirX Fund Land on Vitalik’s Wallet?

The hacker liable for the recent WazirX hack made a bold move by transferring the message “I Hacked WazirX” to Vitalik Buterin’s Ethereum address. This move is no longer aimed at a financial advantage but instead to flaunt their fulfilment. Despite the severity of the breach, the hacker has not contacted WazirX for a bounty or ransom, suggesting an ambitious proclamation of their abilities.

This incident has raised issues within the crypto market, highlighting the continuing security challenges confronted with the aid of cryptocurrency exchanges. The hacker’s action serves as a stark reminder of the significance of robust security measures in the rapidly evolving digital asset space.